Archives: November 2017

Amanahraya REIT buys Intermark’s Vista Tower for RM455m

Amanahraya REIT buys Intermark’s Vista Tower for RM455m KUALA LUMPUR (Sep 7): Amanahraya Real Estate Investment Trust (ARREIT) is acquiring Vista Tower, a 63-storey office building, from The Intermark Sdn Bhd for RM455 million in cash. The office tower with two concourse levels and three basement levels has a land area of  228,948 square feet,…

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Prudential to move to Tun Razak Exchange by 2019

Prudential to move to Tun Razak Exchange by 2019 KUALA LUMPUR: Prudential will be relocating its headquarters to a 27-storey building in the upcoming Tun Razak Exchange here, Malaysia’s first dedicated international financial district. Slated for opening by 2019, the building will house all of Prudential’s life insurance and asset management businesses in Malaysia under one…

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BNM governor highlights imbalances in property market as significant risk to overall economy in event of shock

BNM governor highlights imbalances in property market as significant risk to overall economy in event of shock November 17, 2017 13:51 pm +08 KUALA LUMPUR (Nov 17): The imbalances in the property market pose significant risks to the overall market in the event of a shock, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad…

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IJM Construction bags RM378m job from See Hoy Chan

IJM Construction bags RM378m job from See Hoy Chan KUALA LUMPUR: IJM Corporation Bhd’s construction unit has secured a RM378mil contract to build an environmentally-friendly corporate office tower in Damansara Uptown, Petaling Jaya. It said on Monday its IJM Construction Sdn Bhd was awarded a contract from Damansara Uptown Retail Centre Sdn Bhd, a subsidiary of…

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