HLA buys building from PJ City
By THE STARKUALA LUMPUR: Hong Leong Assurance Bhd (HLA) has entered into a sale and purchase agreement with PJ City Development Sdn Bhd for the proposed acquisition of a six-storey commercial building for RM75.698mil.Hong Leong Financial Group Bhd, the parent company of HLA, told Bursa Malaysia the commercial building was to be erected on leasehold [...]
Lifestyle centres for KL Sentral
By THE STARKUALA LUMPUR: Kuala Lumpur Sentral, the integrated commercial-cum-residential development in Brickfields, will have two retail-cum-lifestyle centres offering close to one million sq ft of net lettable space.The first, the 100,000-sq-ft Sooka Sentral Lifestyle Centre that opened last December, is now fully occupied.Sooka Sentral Sdn Bhd general manager Zulkefli Ibrahim said the RM50mil lifestyle [...]
HELP plans new campus
By THE STARKUALA LUMPUR: HELP International Corp Bhd plans to allocate RM100mil for the construction of its new integrated campus in Shah Alam.President and co-founder Dr Paul T.H. Chan said: “We need an integrated campus to accommodate the increasing number of students.”Yesterday, shareholders approved the proposed acquisition of 23.29 acres in Subang 2 Delima by [...]
BLand-S. Korean JV to build US$2.6bil resort
By THE STARPETALING JAYA: Berjaya Land Bhd (BLand) is teaming up with South Korea’s Jeju Free International City Development Centre (JDC) to build a US$2.6bil (RM8.2bil) resort-style residential and commercial complex with a full-fledged casino in Jeju province.BLand told Bursa Malaysia yesterday its unit, Berjaya Leisure (Cayman) Ltd (BCayman), had signed an agreement to set [...]
BLand gets Viet cert for project
By BUSINESS TIMESBERJAYA Land Bhd (BLand) said yesterday that it has received the investment certificate from Vietnam’s licensing authority for its Bien Hoa project.A joint venture between BLand and Industrial Urban Development Joint Stock Company No 2 will build offices and houses, among others, under the project.Its estimated gross development value is US$230 million (RM726.8 [...]
HeiTech to sell Menara Heitech to PNB
By BUSINESS TIMESHEITECH Padu Bhd plans to sell a piece of freehold land and office building, Menara HeiTech Village, in UEP Subang Jaya to Permodalan Nasional Bhd (PNB) for RM65 million.HeiTech Padu and PNB yesterday entered into a sale and purchase agreement (SPA) for the sale of the property, HeiTech said in a filing to [...]
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