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.

THE BUZZ

Glomac announced that it would be acquiring 18 units of condominiums in Suria Stonor from Dekad Darat SB and Progressive Berg SB for a total cash consideration of RM38.4m. (Bursa)

HONG KONG: Asia's property market posted a negative return of 0.2 percent in 2009, with Japan offering the least and Hong Kong the most, the Investment Property Databank (IPD) said on Monday, Oct 25.

KUALA LUMPUR: The Economic Transformation Programme (ETP) has gotten off to a strong start with nine early wins announced at the launch of the ETP-A Roadmap for Malaysia, here on Monday, Oct 25.

KUALA LUMPUR: The Shanghai retail property market in the third quarter (3Q) of 2010 was generally stable, with vacancy rates in the overall market decreasing with strong demand from retailers, according to a Colliers report.

KUALA LUMPUR: Merge Housing Bhd recorded net profit of just RM2,000 for its first quarter ended Aug 31, 2010, a 98.5% drop from RM138,000 recorded a year earlier.

In its filing with Bursa Malaysia on Monday, Oct 25, the Group also announced a dip in revenue by 86.92% to RM1.513 million from RM11.571 million a year ago.

KUALA LUMPUR: Local economic indicators continue to show robust growth as several major investment transactions were recorded in the third quarter of 2010, according to Savills’ latest Asia Pacific Investment Quarterly for Malaysia.

KUALA LUMPUR: EUPE Corporation Bhd recorded a 28.4% increase in net profit for its second quarter (2Q) ended Aug 31, 2010 to RM433,000 from RM337,000 a year ago.

The group announced to Bursa on Monday, Oct 25 that its revenue increased 5.2% to RM26.016 million from RM21.725 million a year ago.