A report by real estate publication The Real Deal said that Miami Dade’s County Commission’s transportation committee had “unanimously agreed” to lease the public asset to the conglomerate for 90 years.
Gabungan AQRS Bhd rose 2.27% this morning after the company announced its plan to dispose of a 5.15-acre piece of land in Petaling, Selangor for RM34.7 million.
The strong revenue growth is due to ongoing recognition of projects in the Klang Valley (Eco Majestic, Eco Sanctuary and Eco Sky), Iskandar Malaysia (Eco Botanic, Eco Spring, Eco Summer, Eco Business Park 1, Eco Tropics and Eco Business Park III) and Penang (Eco Meadows and Eco Terraces).
Still, prioritising its M&E and construction businesses does not mean the property division will come to a halt.
This was despite slowdown, thanks to earlier boom.
In its latest Asia Pacific Prime Office Rental Index for 4Q2016, global property consultancy Knight Frank found that 12 cities out of 19 surveyed in the Asia-Pacific region have registered positive rental growth in 4Q2016, up from eight in the previous quarter. As a result, the rental index has increased 1.3% quarter-on-quarter (q-o-q) and 2% year-on-year (y-o-y).
TRX Lifestyle Quarter will be a retail-led development comprising a hotel, six residential towers and a mall.
In a filing with Bursa Malaysia today, Gabungan AQRS said the expected gain from the proposed land disposal is approximately RM6.8 million.
As global economic fundamentals begin to improve, DBS Vickers Securities is expecting prices to be supported for Singapore REITs (S-REITs) in the near term given earlier fears that the Fed would be more hawkish.
Element Kuala Lumpur, the first hotel in Southeast Asia under Element Hotels by Marriott International Inc, is slated to open for business in April 2017.
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