Lagenda has worked together with the local community and planted 1,000 mangrove trees to date to counter the damage caused by aquaculture fishing and deforestation over the years. Mangrove forests are one of the most productive and biodiverse wetland environments on earth producing 10 times the oxygen compared with tropical forests.

The respondents also appear to have a better risk appetite for alternative investments in the next two to three years, Knight Frank said in a statement today. 

New MBAM office bearers were elected at the 68th MBAM annual general meeting held last Saturday (June 25), which also saw 26 council members chosen.

In a bourse filing, the group said the plots — measuring 10.86 ha — are being bought by its wholly-owned Paragon Platinum Sdn Bhd, which has inked the respective sale and purchase agreements with the vendors — Singaporeans Lim Thiam Seng and Lim Yok Sing and two companies linked to them, Eng Foo (Lim) Enterprise Sdn Bhd and Heng Foo Lim Enterprise Sdn Bhd — for the proposed acquisition.

The single tower 53-storey mixed-use development project has a total gross floor area of 3,700 sq m (about 40,000 sq ft), with a height of 231 meters (about 2,500 sq ft). Imperial Lexis Kuala Lumpur features a private pool in each of its 275 suites, and is from Levels 13 and above, while Grandview Residence has 164-unit luxury residences from Levels 36 to 49. Both Imperial Lexis KL and Grandview Residence will be managed by Lexis Hotel Group.

Sunway is shifting its focus to the northern region in the coming years starting with the RM500 million expansion of Sunway Carnival Mall in Penang.

The joint venture (JV) of Sime Darby Property Bhd and LOGOS SE Asia Pte Ltd (LOGOS Property), SDPLOG, on Friday announced the first close of its first US$250 million industrial development fund, which will go towards the development of sustainable and integrated modern logistics facilities with green building certification at its E-Metro Logistics Park in Bandar Bukit Raja, Klang.

Sunway Real Estate Investment Trust (Sunway REIT) has acquired a 3.63-acre freehold industrial land in Sungei Way, Petaling Jaya for RM60.05 million.

The Malaysian Real Estate Investment Trust (REIT) Managers Association (MRMA) has elected Pavilion REIT Management Sdn Bhd CEO Datuk Philip Ho Yew Hong as the new chairman for a two-year term at its annual general meeting on June 16.

IJM Corp Bhd announced on Thursday the appointments of Datuk Wong Tuck Wai as chief executive officer (CEO) of IJM Land Bhd, effective July 1, 2022, and Vino Kumar Selvabalakrishnan as CEO of Kuantan Port Consortium Sdn Bhd, effective June 27, 2022.