The total purchase consideration will be determined at a later stage pending the completion of a related valuation exercise. 

The High Court has also ordered the return of a land acquisition compensation sum of RM877,000 to the seven companies.

"Yes the notice was filed at 12.30pm today. The case will be appealed to the Federal Court."

The acquisition is in line with Savills plans to expand its industrial and logistics business. 

The rating agency expects gross domestic product (GDP) growth of 4.5% in 2021 and 6.3% in 2022, as the output gap narrows and the vaccine roll-out gathers pace, which should allow the services sector to benefit from pent-up demand.

It is worth noting that Najib is still in the midst of challenging the appointment of former Federal Court judge Datuk Seri Gopal Sri Ram as the lead prosecutor in his 1MDB-related cases, including this case. 

Selangor remained the state to report the highest number of new infections at 4,404, followed by Negeri Sembilan (1,340) and Johor (876).

The overall interest in the residential sector for 2021 is likely to remain subdued until the health crisis is brought fully under control. 

With the recent stimulus packages that we have announced, I believe the deficit will go up to 6.5 to 7 per cent, said the Finance Minister.

This brings the total doses of vaccines administered in Malaysia so far to 14.35 million. A total of 4.53 million individuals nationwide have received their second dose — representing a vaccination rate of 13.85% of the nation’s population of 32.72 million.