KUALA LUMPUR: Sunway City Bhd (SunCity) has acquired the entire equity stake in Sunway Parking Management Sdn  Bhd (SPM) for RM12.6 million, from the buyer's 52%-owned subsidiary Sunway Pyramid Sdn Bhd.

KUALA LUMPUR: Atrium Real Estate Investment Trust's (Atrium REIT) net income after tax rose by an annual pace of  27.1% to RM2.63 million in the first quarter ended March, from RM2.07 million, as revenue grew amid lower  property expenses, besides finance and administrative costs.

KUALA LUMPUR: Two major shareholders of General Corp Bhd (GCorp) have launched a takeover of the company for RM505 million or RM1.70 per share.

SHAH ALAM: The Shah Alam Convention Centre (SACC) was officially launched by the Sultan of Selangor, Sultan Sharafuddin Idris Shah today, Tuesday April 27.

Set on a 2.5-acre land, SACC was built in 2006 and completed in June 2009 at a total development cost of RM66 million.

KUALA LUMPUR:  Property developer Mutiara Goodyear Development Bhd will launch four residential projects with a  total gross development value (GDV) of RM1.6 billion within this year.

The development will take up about 40 hectares of its 404-hectare landbank, said its executive chairman Hamidon  Abdullah today.

KUALA LUMPUR: Malaysian property developer Sunrise Bhd may consider injecting some of its property assets into a  real estate investment trust (REIT) as they begin to deliver stable income, its executive chairman said.

"We have invested considerably in a pool of investment assets over the last few years, which are now starting to  bear fruit," said Tong Kooi Ong.

QATAR: Qatar’s real estate sector is estimated to grow by around 7% in 2010, the Oxford Business Group (OBG) said.

KUALA LUMPUR: Tradewinds Corp Bhd (TCB) has terminated an over seven-year-old joint venture agreement (JVA) with Oxbridge Height Sdn Bhd in relation to the development of about 704 acres of the former’s land in Tebrau, Johor after the latter had defaulted on its private debt securities (PDS) and non-settlement of a guaranteed payment.

KUALA LUMPUR: UEM Builders Bhd and Ministry of Finance-owned (MoF) Jambatan Kedua Sdn Bhd (JKSB) finally signed a RM1.55 billion agreement for the construction of part of the second Penang Bridge, officially ending a two-year disagreement on certain matters in relation to the project.