(The edge property, 01/04/2016)
Check out updates on top property news and information about property in Malaysia. All is effective property news for investment decision. This covers all types of property and land transactions, Property Market, Property Investment, Real Estate, Retail Shop Malaysia, Condominium Malaysia, Houses Malaysia and all others property related matters in Malaysia.
Tuesday, 10 May 2016
Ireka’s 23% associate sells Aloft KL for RM418.7 million
Aseana Properties Ltd, a London-listed property developer in which Ireka Group Bhd has a 23% stake, is selling the Aloft Kuala Lumpur Sentral Hotel to Prosper Group Holdings Ltd for RM418.7 million (US$104.6 million). At current exchange rates, Aseana will record a gain approximately RM138.72 million from the proposed disposal. The transaction is targeted to complete by 3Q 2016.
(The edge property, 01/04/2016)
(The edge property, 01/04/2016)
Gabungan AQRS’s unit to sell land in Selangor for RM50.38 million
Gabungan AQRS Bhd’s 52% owned unit, Prestige Field Development Sdn Bhd (PFDSB), has entered into a sale and purchase agreement with Stratmont Development Sdn Bhd for a proposed disposal of a 7.977 acre (3.228 hectare) leasehold land in Selangor for RM50.38 million. The expected gain from the proposed disposal of the land is about RM14.70 million. It is expected to be completed by the financial year ending December 31, 2016.
(iProperty, 07/04/2016)
(iProperty, 07/04/2016)
Sale of Sky Express Hotel
The conditional period for the sale of Sky Express Hotel has been extended for a further one month for the purchaser to fulfil the last remaining condition precedent, which is to obtain written approval or confirmation from the Economic Planning Unit for the acquisition. The disposal is expected to be completed in the second quarter of 2016.
(The edge property, 12/04/2016)
(The edge property, 12/04/2016)
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