More Office Tower at KL Sentral
Development continues apace at the Klang Valley's transportation hub. The latest involves the acquisition of a 1.85 acre plot in Kuala Lumpur Sentral for RM133 million (or RM1,647 psf) by a joint-venture company, Cozy Bonanza Sdn Bhd.
Axis-REIT expands portfolio
Axis REIT has ventured out of its comfort zone in the Klang Valley by acquiring two leasehold industrial buildings in Pasir Gudang, Johor Bahru
Tower-REIT
A significant improvement in nett income for the financial year ended Dec 31, 2007 has led Tower Real Estate Investment Trust (Tower-REIT) to declare a higher distribution per unit (DPU).
IDR to roll out more projects
As consequence, land prices in IDR have continued to rise, with Ghani saying a consortium comprising UEM Land Bhd and Dubai's Limitless Holdings recently bought 111 acres in Puteri Harbour for RM50 psf.
(New Straits Times 16-2-2008)
