Pacific Star bullish on Asian retail property sector
By BERNAMA KUALA LUMPUR: Pacific Star Holdings Pte Ltd, a real estate investment house, said it is bullish on the outlook for the Asian retail property sector this year. It explained that with the weak US and European markets, more international retailers, lured by Asia’s growing wealth and tourism potential, are now seeking to expand [...]
Another bumper year for mall deals in Malaysia?
By BUSINESS TIMES If there’s is a transaction involving a mall in 2012, expect the deal to be done at a handsome price. After a record number of deals valued at RM5 billion involving shopping complexes in 2011, this retail asset will continue to be on the radar of funds and real estate investment trusts [...]
Retail space challenge
By THE STAR Growth of retail sector depends on balance in demand and supply of retail space IT might be the year of the dragon – a Chinese astrological symbol that is said to be synonymous with power and good fortune – but for property developers of new shopping malls in the country, the ongoing [...]
UDA seeks investors for proposed complex
By THE STAR JOHOR BARU: UDA Holdings Bhd is looking for investors to undertake a joint-venture project to develop the Angsana II commercial complex. Chairman Datuk Nur Jazlan Mohamed said the complex, adjacent to its existing Plaza Angsana shopping complex in Jalan Tampoi, would cost between RM200mil and RM250mil. “We are open to any proposal [...]
HK ‘Superman’ swoops on another mall
By BUSINESS TIMS Li Ka-shing-owned Cheung Kong Group is buying The Citta, the new suburban mall in Ara Damansara The Cheung Kong Group, owned by Hong Kong tycoon Li Ka-shing, is buying The Citta Strip Mall for an estimated RM245 million. Sources told Business Times that the purchase was done through Cheung Kong Group’s ARA [...]
Pavilion looking to expand
By THE STAR KUALA LUMPUR: Pavilion Real Estate Investment Trust (REIT), en route to a listing on Bursa Malaysia, aims to add more assets to its portfolio and wants to continue its “shopping spree” to acquire at least three more retail properties within the next three years, depending on the economic situation. Chief executive officer [...]
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