AME Real Estate Investment Trust (AME REIT) recorded a 11.9% growth in net property income (NPI) in the fourth quarter ended March 31, 2024 (4QFY2024) to RM11.4 million, from the previous corresponding quarter, driven by a 15.9% increase in rental income.

Suria KLCC's established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.

OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million.

Mah Sing Group Bhd's land acquisition for its third development in Setapak, Kuala Lumpur, namely M Azura, has become unconditional. The developer has three months to pay the balance purchase price of about RM59 million. The land for M Azura was acquired on Dec 8, 2023 for a total cost of RM74.3 million.

YNH Property Bhd is aborting the sale of a 6.49-acre land in Segambut, and has appointed Chin Hin Group Property Bhd to develop the plot for a serviced apartment project that carries a potential gross development value (GDV) of RM685.1 million.

Noteworthy:

• Freehold
• Built-up size: 12,477 sq ft
• Unfurnished
• Nearby amenities: Miharja and Maluri LRT stations, Chan Sow Lin MRT station, CIDB Convention Center, Fraser Business Park, various residential developments
• Accessibility: Jalan Loke Yew, Jalan Cheras, MEX, SPE, Sungai Besi Expressway

When: December 2023

Axis Real Estate Investment Trust (Axis REIT), which focuses on industrial assets, is disposing of its property in Nusajaya, Johor, for RM162 million cash to a data centre operator. It did not disclose the identity of the purchaser.

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

ESP Global Services celebrated its 2½ years as a “beacon of innovation and growth in the real estate industry” during its third Awards Night and Gala Dinner last month.