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Stay informed with this week's Corporate Real Estate Highlights, where we delve into the latest strategic moves and developments in Malaysia's real estate and infrastructure sectors. REITs & Industrial Developments: KIP REIT acquired four industrial properties for RM98.3m, expanding its portfolio by 30.8% to 2.73 million sf. Axis REIT is acquiring two properties in Pulau Indah Industrial Park for RM158.64m. The assets, which include industrial premises and a warehouse, will be leased back, enhancing Axis REIT's income and strategic positioning. Chinese battery manufacturer Zhuhai CosMX plans to build a manufacturing plant in Kedah with an RM1 billion investment. Citaglobal Bhd and Tree Technologies Sdn Bhd plan to develop a 247-acre green industrial park in Gebeng, Pahang. The project will focus on sustainability and leverage the East Coast Rail Link for economic growth in the region. Residential & Mixed-Use Developments: Maming Group to Launch D'Garden Residential Project in Q1 2025, a low-density residential project in Shah Alam. The project will feature 50 double-storey houses and 10 single-storey homes. Binastra Corporation Bhd, through its subsidiary, won a contract to develop a 39-storey serviced apartment in Sentral Damansara, Petaling Jaya. 168 Park Selayang Sdn Bhd announced the completion of Block C in its mixed-use development, 168 Park Selayang. The project, which revitalized an abandoned site, includes residential towers and a community mall. Sime Darby Property’s Elmina Lakeside Mall in Shah Alam opened with 98% of its retail space leased. Econpile Holdings Bhd secured RM71.2m contract for a 55-storey high-rise commercial development in Jalan Sultan Ismail, Kuala Lumpur. Infrastructure Developments: The Malaysian government is expected to decide on the feasibility of the Kuala Lumpur-Singapore High-Speed Rail (HSR) by the end of Q4 2024. Pansar Bhd, through its subsidiary, won a contract for Sarawak’s Kuching Urban Transportation System (KUTS) Blue-Line Package 2. This project, emphasizing green energy, involves the construction of infrastructure for Malaysia’s first hydrogen-powered urban transport system. Visit us at https://lnkd.in/gDC3Xvr5 for more insights and updates on the corporate real estate sector. #zerinproperties #corporaterealestate #realestate #realtor #realty #realestateagent #home #property #luxuryrealestate #realestatelife #business #investmalaysia #realestateinvesting #propertydevelopment #township #infrastructure #malaysiapropertymarket
