KIP REIT to acquire DPulze Shopping Centre for RM320 mil
The acquisition, which is the REIT's largest acquisition since its listing on the Main Market of Bursa Malaysia in 2017, is scheduled to be completed by the first quarter of 2025.
The acquisition, which is the REIT's largest acquisition since its listing on the Main Market of Bursa Malaysia in 2017, is scheduled to be completed by the first quarter of 2025.
The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of A$450 million (RM1.
Precinct B of Ion Belian Garden comprises 186 units of single-storey terrace houses, targeted for completion by 2026.
Datuk Edward Chong Sin Kiat of Shah Alam 2 Sdn Bhd, a subsidiary of IJM Land Bhd, has been reappointed as deputy chairman after the annual general meeting on May 21.
Kerjaya Prospek said the contract will commence on July 1 and be completed within 40 months.
Gamuda’s established regional presence, track record, and the current growth in DC investment position the group well for further opportunities, according to Hong Leong Investment Bank (HLIB) Research.
Details of the project, including the identity of the building, were not disclosed in TRC's filing to Bursa Malaysia.
The land is described as a freehold industrial land that is “strategically” located between Sydney and the future Western Sydney Airport.
The group, which is mainly engaged in property development and construction, plantation, and building material trading, booked unrealised foreign exchange gains of RM800,000 for the quarter, compared with RM5 million in 2QFY2023, according to its bourse filing on Friday.
The project is set to commence next Monday (May 27) and is scheduled for completion on Feb 27, 2026.