News by M

Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) is expected to record a disposal loss from its planned divestment of non-performing property in Bukit Mertajam, Penang, for RM12 million—below both its market value and original investment cost.

The group said the contract was awarded to its wholly owned subsidiary, Haily Construction Sdn Bhd, by DC Architects Sdn Bhd on behalf of Nice Frontier Sdn Bhd.

Eco Business Park VII (EBP7), Eco World Development Group Bhd's (KL:ECOWLD) latest integrated industrial hub in Malaysia Vision Valley 2.0 (MVV 2.0), has secured early investor commitments with the signing of sale and purchase agreements with Techbond Group Bhd (KL:TECHBND) and I Jaya Management Sdn Bhd.

Paragon Globe Bhd has agreed to dispose of a 5.45-hectare freehold industrial parcel in Tanjung Kupang, Johor, to GSP Automotive Malaysia Sdn. Bhd. for RM64.47 million.

Berjaya Land Bhd (KL:BJLAND) has officially launched its RM398 million Bayu Timur Residences, a freehold condominium development sited on an 8.5-acre plot in Berjaya Park in Kota Kemuning, Shah Alam on Thursday.

Ehsan Bina Group topped out its high-rise residential development named ForestHill Residences in Damansara Perdana, Petaling Jaya, on Thursday. The project is 85% taken up.

IHG Hotels & Resorts is bringing its Vignette Collection brand to Malaysia for the first time through a partnership with Franky Group of Companies.

Majestic Gen has acquired three adjoining parcels of freehold land along Jalan Anson in George Town for RM75 million.

Vantage Data Centers has finished its four-building, six-acre campus in Cyberjaya, with the last 16-megawatt (MW) facility now operating. It is one of the company’s three campuses in Malaysia.

Advancecon Holdings Bhd (KL:ADVCON) has secured a second favourable adjudication decision in its payment dispute with China Communications Construction (ECRL) Sdn Bhd (CCC) over works carried out for the East Coast Rail Link (ECRL) project.