KUALA LUMPUR: Bina Puri Holdings Bhd's joint venture with UEM Construction Sdn Bhd (UEMC), a UEM Group Bhd subsidiary, has been appointed the main contractor for the construction of KL International Airport (KLIA) New Permanent LCCT complex at the KLIA.

The total contract value is RM997.23 million.

KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), the country's largest shopping mall real estate investment trust (REIT), makes its debut Friday on the Main Market of Bursa Malaysia at 98.5 sen, a 1.5-sen discount over its institutional offer price of RM1 per unit.

KUALA LUMPUR: A iProperty.com consumer trends survey for the first half of this year showed more Malaysians looking to property for investment.

The online survey conducted on the iProperty.com Malaysia website, had the participation of 500 respondents and was aimed at getting key insights into Asian property buyers, including motivations for purchasing property and budgets.

KUALA LUMPUR: Olympia Industries Bhd on Thursday, July 15 said it has agreed to the terms and conditions on the appointment of Messrs Rahim & Co to conduct a second valuation on Menara Olympia and the adjoining leased car park.

KUALA LUMPUR: KFC Holdings (Malaysia) Bhd has acquired an additional 10 million units of Al-Aqar KPJ REIT from the open market for RM10.35 million cash.

In a statement on Thursday, July 15, KFCH said the investment offered a better return of about 7.3% (based on the current dividend yield) than the fixed deposit interest rate of about 2.5% to 3%.

KUALA LUMPUR: Main Market-bound Ivory Properties Group Bhd's initial public offering (IPO) is attractively priced at just 3.4 times FY11 earnings, backed by potentially transformational growth from large NAV-accretive land deals, said AmResearch.

KUALA LUMPUR: Gamuda Land Sdn Bhd is acquiring a freehold plot in Jalan Pudu for RM105 million for a mixed commercial development with an estimated gross development value (GDV) of RM600 million.

Largest ‘Pure Play’ Shopping Mall REIT

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KUALA LUMPUR: UDA Holdings Bhd announced on Thursday, July 15, that it is acquiring 6.67 acres of land in Kampung Peramu, Pekan in Pahang from the Pekan District Council for RM35.5 million to build a four-star hotel named AnCasa Resort Pekan.

BOSTON: The rise in vacancy rates in the US office, industrial and retail markets continued to slow down in 2Q2010, with each sector recording a slight increase of 10 basis points (bps), according to the latest analysis from CBRE Econometric Advisors.

CBRE said that the recent drop in vacancy implied that national demand is now expanding at a rate approaching 300,000 units per year.