Equine Cap sells Wisma KLIH for RM58m
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.
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Bina Darulaman net profit drops 13.6% for 3Q
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.
Times Avenue to feature automated valet system
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.
British Land in City tower JV with Canadian partner
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.
New World Hospitality unveils aggressive expansion plans
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.
OSK Research: Glomac - Buying back part of Suria Stonor
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)
Negative returns for Asia property last year -IPD
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.
PM: ETP already delivering results with nine early wins
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.
Stable 3Q performance in Shanghai retail property market
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.
