News by TheEdgeMarkets.com

The joint venture (JV) of Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd (LOGOS Property), SDPLOG, on Friday announced the first close of its first US$250 million industrial development fund, which will go towards the development of sustainable and integrated modern logistics facilities with green building certification at its E-Metro Logistics Park in Bandar Bukit Raja, Klang.

Sunway Real Estate Investment Trust (Sunway REIT) has acquired a 3.63-acre freehold industrial land in Sungei Way, Petaling Jaya for RM60.05 million.

IJM Corp Bhd announced on Thursday the appointments of Datuk Wong Tuck Wai as chief executive officer (CEO) of IJM Land Bhd, effective July 1, 2022, and Vino Kumar Selvabalakrishnan as CEO of Kuantan Port Consortium Sdn Bhd, effective June 27, 2022.

The proposed by-pass Perak alternative expressway from Gopeng to Kuala Kangsar has been approved in principle by the Cabinet, according to a news report.

Construction services company Tuju Setia Bhd is tendering for RM2.8 billion worth of projects to build high-rise and industrial buildings, as well as hospitals and healthcare facilities.

The property belonging to Sime Darby Property (Nilai) Sdn Bhd in Setul district consists of a single-storey factory building with a two-storey office building, Dynaciate said in a stock exchange filing.

The construction company plans to raise RM21.57 million via a private placement of up to 479.29 million shares or 30% of its total issued shares at an issue price to be determined later.  

In a statement, Sime Darby Property group managing director Datuk Azmir Merican said: "The healthy sales bookings recorded during the campaign were achieved through a good mix of residential, commercial, and industrial properties, with over 60% of bookings coming from our existing stock. We thank our loyal customers and new purchasers for their trust in the Sime Darby Property brand and for always supporting our campaigns."

The contract, which was awarded by Daksina Harta Sdn Bhd, involves the construction of two blocks of serviced apartments (1,605 units) and two-storey retail shop lots (20 units), as well as one block of car park podium and related facilities at Lot 100961 Seksyen 9, Jalan Cheras in Kajang.

In a bourse filing on Monday (June 20), the company said its unit Kerjaya Prospek (M) Sdn Bhd had accepted a letter of award from Bangsar Hill Park Development Sdn Bhd for the main building of the development at Lorong Maarof.