Browsing " Commercial "

QCT shareholders approve acquisition

By BERNAMA KUALA LUMPUR: Quill Capita Trust (QCT) has received shareholders’ approval to acquire Platinum Sentral, a commercial development worth RM740 million. In a statement, the main-market listed QCT said the acquisition would be funded via a cash payment of ...

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UDA to receive RM1bil development rights from BBCC project

UDA to receive RM1bil development rights from BBCC project

By THE STAR KUALA LUMPUR: UDA Holdings Bhd will receive RM1bil as development rights for the redevelopment of the former Pudu jail site into the multi-billion ringgit Bukit Bintang City Centre (BBCC). UDA, Eco World Development Group Bhd (Eco World) ...

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Three new towers in KLCC

Three new towers in KLCC

By THE STAR PETALING JAYA: Plans to develop three new high-rise buildings near the Petronas Twin Towers in the Kuala Lumpur City Centre (KLCC) are speeding up, with tender documents for sub-works to be issued in a few months, according ...

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CapitaMalls to buy Tropicana assets

By THE STAR PETALING JAYA: After talks to acquire Tropicana City Mall and Tropicana City Office Tower lapsed more than a year ago, CapitaMalls Malaysia Trust (CMMT) is revisiting the acquisition of the two properties for RM540mil. Including the acquisition ...

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Hua Yang plans RM243mil project

By THE STAR PETALING JAYA: Hua Yang Bhd plans a mixed development project on 4.9 acres in Penang with a gross development value of RM242.8mil. It said in a filing with Bursa Malaysia yesterday that it had signed a conditional ...

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Hospitality hots up in the north

Hospitality hots up in the north

By THE STAR Some 10 hotel projects, involving over RM1.5bil in gross development value, are set to open in Penang between 2015 to 2017, adding another 1,937 rooms to the local hotel sector. The present inventory of hotel rooms in ...

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Mah Sing appoints Topotels to manage its Medini hotel

Mah Sing appoints Topotels to manage its Medini hotel

By THE STAR PETALING JAYA: Mah Sing Group Bhd has appointed Topotels Sdn Bhd as the hotel operator to operate and manage its Meridin Hotel Suites in Medini, Johor. The property developer said Topotels was appointed by Mah Sing’s wholly-owned ...

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Sunway REIT buys properties for RM134m

By BUSINESS TIMES KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) is buying Sunway Hotel Georgetown in Penang and Wisma Sunway in Shah Alam from subsidiaries of Sunway Bhd for RM134 million. “The acquisitions are to provide unitholders with ...

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No fear of office space glut at the moment

No fear of office space glut at the moment

By THE STAR DESPITE a huge supply of office space coming into the Klang Valley over the next three years, the situation is controllable and not expected to result in a glut. According to CB Richard Ellis executive chairman Chris ...

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Plans to expand IOI City Mall in Putrajaya

Plans to expand IOI City Mall in Putrajaya

By THE STAR PUTRAJAYA: IOI Properties Group Bhd said plans are already in the pipeline to add a further 1 million sq ft of retail space at IOI City Mall in Putrajaya as occupancy rate at the newly-opened complex reached ...

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IOI City Mall raring to open

IOI City Mall raring to open

By THE STAR IOI Properties Group Bhd’s newly launched IOI City Mall, which is 85 per cent-tenanted, is set to reach full occupancy soon. “We have an occupancy rate of 85 per cent and the rental rates range between RM10 ...

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