News by theedgemalaysia.com

The takeover offer by Magna Prima Bhd’s (KL:MAGNA) largest shareholders—Datuk Seri Wong Sze Chien and managing director Seah Ley Hong—for the remaining shares in the company has turned unconditional, after their collective stake climbed above 50%.

Axis Real Estate Investment Trust (KL:AXREIT) declared a third interim distribution per unit (DPU) of 2.65 sen on Thursday, as it saw a 15.7% year-on-year jump in its third-quarter net property income (NPI), thanks to newly acquired assets and rental growth.

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has acquired a site at 14 Marshgate Lane in Stratford, London, for a purpose-built student accommodation (PBSA) project with an estimated gross development value of RM600 million.

Glomac Bhd (KL:GLOMAC) has deferred its plan to venture into the data centre segment as the group has yet to secure a confirmed tenant to lease its land, said group managing director and CEO Datuk Seri FD Iskandar Mohamed Mansor.

IOI Properties Group Bhd (KL:IOIPG) achieved RM437 million in sales from its southern region projects over a three-month period during its “30 Years Together” anniversary campaign, which ran from April 1 to June 30.

Malaysia has identified 14 earthquake 'hotspots' nationwide, with developers now required to ensure that new buildings in those areas comply with seismic-resistant design standards, said acting Natural Resources and Environmental Sustainability Minister Datuk Seri Johari Abdul Ghani.

Ho Hup Construction Co Bhd (KL:HOHUP) said its substantial shareholder Omesti Holdings Bhd (KL:OMESTI) has sought an extraordinary general meeting (EGM) to replace two of the construction outfit’s directors with appointees.

Malaysia Airports Holdings Bhd (MAHB) said it is holding its contractors—Alstom and the IJM-Pestech Joint Venture (IPJV)—accountable, following a series of service disruptions involving the newly commissioned aerotrain system at Kuala Lumpur International Airport (KLIA) Terminal 1.

IGB Real Estate Investment Trust (KL:IGBREIT) and its sister trust, IGB Commercial REIT (KL:IGBCR), posted higher net property income (NPI) for the third quarter ended Sept 30, 2025 (3QFY2025), supported by stronger rental income.

CapitaLand Malaysia Trust (KL:CLMT) on Wednesday (Oct 22) announced an increase in its third-quarter revenue and net property income, largely due to rental growth at most of its properties and the commencement of income from its newly acquired Glenmarie Distribution Centre.