Response still good for Denai Alam
By THE STARSHAH ALAM: Guthrie Property Development Holding Bhd’s (Guthrie Properties) Denai Alam development has been generating strong buying interest since the launch of its first phase in May 2005. The kampung-style development in Section U16 in Shah Alam sits on a 1,000-acre freehold development and has a gross development value of …
MRCB, CMY Capital to buy RM121m land
By BUSINESS TIMESMALAYSIAN Resources Corp Bhd (MRCB) said it is partnering CMY Capital Sdn Bhd to buy a RM121 million piece of land at the KL Sentral area in Kuala Lumpur.Both companies have formed a joint venture outfit in February called One IFC Sdn Bhd which will buy the land from Kuala Lumpur Sentral …
Quill Capita to inject 4 new assets
By BUSINESS TIMESQUILL Capita Trust (QCT), a property trust partly owned by CapitaLand Ltd of Singapore, expects its current fund size of RM238.7 million to double by the end of this year with the injection of four new assets.Quill group of companies executive director Datuk Michael Ong said two assets will be injected into the [...]
MRCB to launch billion-ringgit REIT in 5 years
By BUSINESS TIMESMALAYSIAN Resources Corp Bhd (MRCB) plans to launch a billion-ringgit real estate investment trust (REIT) made up of commercial properties at KL Sentral in five years. “A REIT will happen when our properties mature. It takes about three years for the buildings to come up and rentals to roll in,” MRCB …
Cititel Express expands
By THE STARPENANG: IGB Corp Bhd is planning to develop a third Cititel Express hotel in Penang soon while construction of the second Cititel Express hotel in Sabah is expected to begin later this year. Cititel Express, the company’s second Cititel brand, is scheduled to launch its first hotel in Kuala Lumpur …
MRCB may set up REIT in about five years
By THE STAR Shahril Ridza Ridzuan KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) hopes to establish a real estate investment trust (REIT) in the next five years or so when its property sector has “matured”, says group managing director and chief executive officer Shahril …
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