PETALING JAYA: NCT Alliance Bhd has signed a memorandum of understanding (MoU) to acquire 51% equity interest in Setara Juara Sdn Bhd. The MoU aligns with NCT Alliance’s strategic plan to expand its property development business particularly in Sabah. Setara Juara holds the development rights to about 249.67 acres of land in Dumpil Bay in the Putatan district of Sabah. The land is earmarked for a...
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KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) has entered into a conditional sale and purchase agreement with DPulze Ventures Sdn Bhd for the proposed acquisition of DPulze Shopping Centre in Cyberjaya for RM320 million cash. The seven-storey commercial building has two basement levels and comprises a supermarket, retail spaces, a cinema, a fitness centre and an entertainment centre. It...
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is proposing to acquire an industrial complex and an open storage yard in Klang, Selangor from Amsteel Mills Sdn Bhd (AMSB) for RM351.8mil. In a filing with Bursa Malaysia, Axis-REIT said it had entered into two sale and purchase agreements with AMSB) for the...
PETALING JAYA: Axis Real Estate Investment Trust’s (Axis-REIT) trustee, RHB Trustees Bhd, has entered into a sale and purchase agreement to acquire an industrial complex from Amsteel Mills Sdn Bhd (AMSB) for a cash consideration of RM49 million. AMSB will lease back the industrial complex from Axis-REIT for six years at a starting rental of RM285,833.33 per month. The industrial complex, located in...
PETALING JAYA: HHRG Bhd’s wholly owned subsidiary, HH Properties Kulim Sdn Bhd, has entered into an agreement with four individual vendors to purchase their entire equity stake in Kulim Property Sdn Bhd for a consideration of RM4.5mil. The acquisition includes all 1.17 million ordinary shares in Kulim Property, which...
To build approximately 12,000 affordable homes in new Mukim Tebrau township SHAH ALAM: Global packaging manufacturer and leading property developer Scientex Berhad is proposing to acquire 960 acres of freehold land in Mukim Tebrau, Johor Bahru for RM547.7 million, further expanding its presence in affordable housing townships across the state. The Group’s subsidiary Scientex Lestari Sdn Bhd had...