SYDNEY: Australian property firm Stockland is selling its stake in GPT as it sees little prospect of buying assets from the rival property firm and is shifting its focus to other opportunities, the company said.

HONG KONG: A Lands Tribunal ruling has cast a shadow over attempts to save old but well-maintained walk-up buildings.

NEW YORK: Two of the world's largest commercial real estate services companies reported sharply improved earnings on Tuesday, Oct 26, fueled chiefly by a pickup in building sales and leasing, particularly in the United States.

KUALA LUMPUR: BCB Bhd announced on Tuesday, Oct 26 that it has entered into a Memorandum of Understanding (MOU) with Global Earnest Sdn Bhd for it to pay back the Group for contract work undertaken and completed amounting to RM47,996,169.

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) has a cautious view on certain proposed commercial developments, including the 100-storey Warisan Merdeka and the Kuala Lumpur International Financial District.

KUALA LUMPUR: Equine Captial Bhd announced on Tuesday, Oct 26 that it plans to sell Wisma KLIH along with the land the building sits on for RM58 million to Wonderful Vantage Sdn Bhd.

KUALA LUMPUR: Bina Darulaman Bhd’s net profit for the third quarter (3Q) ended Sept 30, 2010 dropped 13.6% to RM2.11 million from RM2.44 million a year ago.

In its filing on Bursa Malaysia on Tuesday, Oct 26, 2010, the Group also reported revenue dropped by 28.4% to RM37.07 million from RM51.79 the previous year.

KUALA LUMPUR: Times Avenue (pictured), an integrated office and retail space development by Takashimaya Group Malaysia, will feature the first-of-its-kind fully automated valet car parking system upon its completion in 2013.

LONDON: British Land is teaming up with Canada's Oxford Properties to develop the Leadenhall Building in London's City financial district, the second crisis-hit skyscraper project to be revived within a week.

HONG KONG: Hong Kong-based New World Hospitality has launched an aggressive programme to establish itself as an influential player in the regional and international hospitality industry, with more than 20 projects currently under development, representing an investment of over US$1.1 billion (RM3.41 billion) across three distinct brands.