Real Estate & Construction

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Fajarbaru upbeat on property segment's outlook in Malaysia and Australia

KUALA LUMPUR, May 6, 2021 - (ACN Newswire) - Fajarbaru Builder Group Bhd, a Bursa Malaysia Main Market listed company primarily involved in construction and property development, is upbeat on its property segment's outlook in anticipation of the economic recovery supported by the National Covid-19 Immunisation Programme. The company is also looking to launch new property projects towards second half of this year once market conditions improve. The Group recently completed its maiden development Rica Residence @ Sentul on schedule, and started handover in mid-March this year. The handov ...

05.05.2021

Secure I.T. Environments extends relationship with University of Chichester

24 March 2021 – Biggleswade, UK – Secure I.T. Environments Ltd, one of the UK’s leading design and build companies for modular, containerised and micro data centres, has today announced that it has extended its long-standing relationship with University of Chichester. A new multi-year maintenance and support contract has been signed that will see Secure I.T. Environments work across the university’s two sites at Bishop Otter and Bognor. The new contract covers a range of services including repairs, support and preventative maintenance, and room cleans at both sites. Secure I.T. Environments ...

24.03.2021

Sheng Tai International Partners with IWG to open flexible workspace in Malaysia

MELAKA, Mar 18, 2021 - Award-winning property company, Sheng Tai International Sdn Bhd (Sheng Tai International), continues to catalyse Malaysia's, particularly Melaka, economic growth by signing a landmark agreement with the world's largest global workspace provider, International Workplace Group plc (IWG) with brands including Regus and Spaces. The franchise agreement includes Sheng Tai International and IWG collaborating to open flexible workspace in Malaysia. With the agreement, Sheng Tai International becomes IWG's first partner since it opened up franchise opportunities ...

18.03.2021

Chin Hin Group Property to acquire 45% stake in Aima Construction for RM31.5 million

KUALA LUMPUR, Mar 10, 2021 - Chin Hin Group Property Berhad (CHGP; 7187), a Bursa Main Market listed company primarily involved in assembly and sales of new and rebuilt commercial vehicles as well as property development, announced today its proposed acquisition of 45% equity in Aima Construction Sdn Bhd ("Aima"), signifying its interest to venture into the construction industry. Aima has an established track record spanning over three decades mainly doing construction work for mid-rise and landed properties, completing approximately RM1.7 billion worth of projects since its incep ...

10.03.2021

Hektar REIT 2020 Performance: Resilience in Adversity

KUALA LUMPUR, Feb 25, 2021 - Hektar Asset Management Sdn. Bhd., the Manager for Hektar Real Estate Investment Trust ("Hektar REIT"; HEKT.KL), today announced Hektar REIT's annual results for Financial Year ended 31 December 2020 ("FY20") with revenue at RM111.1 million, down 18.9% compared to the same period in the preceding year. Property Operating Expenses reduced by RM3.5 million or savings of 5.7% compared to the previous year. Net Property Income (NPI) was reported at RM53.0 million, a decline of 29.8% from 2019. FY20 was a challenging year for the retail sector d ...

25.02.2021

Hilltop Credit Partners completes £15million loan for high-end residential development in Taplow, Buckinghamshire

London, 5 January 2021: Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed a £15m loan to Gage Properties for the acquisition and development of 9 units within the reputable Taplow Riverside development by Berkeley Homes in South Bucks. Of the 9 units, 2 will be conversions of the Old Boat House, an existing office facility, into large semi-detached houses; 6 will be newbuild terrace houses; and 1 will be a refurbishment of an existing on-site cottage. Each house will come with its own private boat mooring, appealing to the ...

05.01.2021

Mixed prospects: new Ceresana study on the European market for windows and doors

With this study, Ceresana has already examined the European market for windows and doors used in buildings for the third time. The current report provides an assessment of how the corona crisis is affecting this industry sector as well as forecasts about the magnitude and timeframe of a future recovery. The way in which different countries respond to the challenge and how they combine corona assistance with prior concerns will play a significant role in this context. Economic Aid and Climate Protection The markets for windows and doors were already strongly influenced by national support pro ...

02.06.2020

LHN Limited continues to deliver steady performance and achieves revenue of S$111.1 million in FY2019; net profit of S$8.7 million

Real estate management services group LHN Limited ("LHN", and together with its subsidiaries, the "Group") reported a revenue of approximately S$111.1 million for its full year ended 30 September 2019 ("FY2019"), an increase of 1.7% compared to the corresponding period last year ("FY2018"). Such increase was mainly attributed to an increase in revenue from the (i) commencement of operations of two new premises under the Residential Properties' co-work co-live business; (ii) management of carparks under the Facilities Management Business; and (iii) L ...

07.02.2020

LHN Approves Final Dividend for Financial Year Ended 30 September 2019

Feb 6, 2020 - Real estate management services group LHN Limited ("LHN", and together with its subsidiaries and associated companies, the "Group"; SGX stock code: 41O; SEHK stock code: 1730), held its Annual General Meeting on 30 January 2020 and was pleased to announce that its shareholders have approved the proposed final dividend of S$0.005 (equivalent to HK$0.029) per ordinary share for the financial year ended 30 September 2019. Such final dividend will be paid on Friday, 21 February 2020. For more information relating to the final dividend payment, please refer to t ...

06.02.2020

LHN, JV Partner Complete Acquisition of 202 Kallang Bahru Property

SINGAPORE, Feb 5, 2020 - Real estate management services group LHN Limited ("LHN", and together with its subsidiaries and associated companies, the "Group"; SGX stock code: 41O; SEHK stock code: 1730), have announced on 4 February 2020 that its wholly owned subsidiary WPS KB Pte Ltd together with its JV partner W&S Flexi Pte Ltd ("WSF"), have completed their acquisition of a JV Property, being an industrial property located at 202 Kallang Bahru Singapore 339339, for a consideration of S$17 million plus GST. The JV Property is an 8-story light industrial fac ...

05.02.2020

Calcium Aluminate Cement Market Top Companies, Industry Revenue, and Applications

Global calcium aluminate cement market is anticipated to grow significantly in the forecast period owing to the increase in applications in construction industry. Calcium aluminate cement (CAC) is basically used in high heat refractory applications, moderate acid-resistant purposes, quick setting mixtures, and offers quick strength. Additionally, it provides compressive strength, elastic modulus, splitting tensile strength, mass loss stress-strain response, and compressive toughness. Calcium aluminate cement is mixed with suitable substrates for special applications where their unique propert ...

16.12.2019

Fortune Times Names Mr Vito Xu Rongcan, Chairman of SAMPL, as Asia's Top Entrepreneur for 2019

SINGAPORE, Dec 12, 2019 - (ACN Newswire) - Fortune Times has named Mr. Vito Xu Rongcan, Chairman of Sasseur Asset Management Pte. Ltd. ("SAMPL"), as Asia's Top Entrepreneur 2019. SAMPL is the manager of Singapore Exchange ("SGX") Mainboard-listed Sasseur Real Estate Investment Trust ("Sasseur REIT"), the first outlet mall REIT listed in Asia. Guest-of-Honour Ms Tin Pei Ling, Member of Parliament and CEO of Business China, presented the accolade to Mr Xu at the Fortune Times 2019 Awards gala dinner at St. Regis Hotel Singapore yesterday. The theme for this ...

12.12.2019

Aggregates Market Size, Share, Growth, Trends and Industry Research Report, 2019 to 2025

The global aggregates market size is expected to reach USD 671.1 billion by 2025, escalating at a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc. Aging of infrastructure and expanding construction sector are anticipated to drive the growth of construction aggregates market over the forecast period. Infrastructure investment is anticipated to remain a key focus area over the coming years. Both developed and developing economies are concentrating on the expansion of infrastructure sector. For instance, as per the 2019 economic survey of India, the c ...

07.11.2019

ARA US Hospitality Trust Announces Acquisition of a Portfolio of Three Premium Marriott-Branded Upscale Select-Service Hotels in the United States

SINGAPORE, Nov 6, 2019 - (ACN Newswire) - ARA US Hospitality Trust ("ARA H-Trust") is pleased to announce that it has today entered into a conditional purchase and sales agreement to acquire a portfolio of three Marriott-branded upscale select-service hotels in the United States for US$84.5 million. The three freehold properties are located within the markets of Raleigh, North Carolina and San Antonio, Texas, that benefit from diversified demand from nearby corporations, universities and leisure attractions. The accretive acquisition at a net property income yield of 8.0% is expec ...

06.11.2019

Steel Rebar Market Size, Share, Growth, Trends and Forecast Report, 2019 to 2025

The global steel rebar market size is expected to reach USD 348.6 billion by 2025, accelerating at a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing efforts by governments of various countries to improve infrastructure are projected to provide ample growth opportunities to market vendors. In infrastructure sector, steel is required for transport networks including rail tracks, tunnels, and buildings such as train stations, fueling stations, airports, and ports. Reinforcing bars account for around 60% of steel usage in these applications ...

06.11.2019

SLB Reports 1Q2020 Profit of S$1.9 Million; New Fund Management Business Makes Maiden Investment in UK Fund

SINGAPORE, Oct 15, 2019 - (ACN Newswire) - Diversified property developer, SLB Development Ltd. ("SLB", and together with its subsidiaries, the "Group"), reported net profit attributable to the owners of the Company of S$1.9 million on the back of S$7.7 million in revenue for the first financial quarter ended 31 August 2019 ("1Q2020"). Following shareholders' approval at an extraordinary general meeting held on 26 September 2019 to diversify its business into fund management, the Group made its first investment into a UK residential fund, Pinnacle Resident ...

14.10.2019

Sasseur REIT Wins Best Retail REIT, Best Investor Relations and Best CEO at Asia Pacific REITs Awards 2019

SINGAPORE, Oct 1, 2019 - (ACN Newswire) - Sasseur Asset Management Pte. Ltd. ("SAMPL"), the manager of SGX-listed Sasseur Real Estate Investment Trust ("Sasseur REIT"), is pleased to announce that Sasseur REIT has won three major awards - Best Retail REIT (Platinum), Best Investor Relations (Gold) and Best CEO (Platinum) - at the 6th Annual REITs Asia Pacific Best of the Breed REITs Awards 2019. Sasseur REIT, which owns four retail outlet malls in China, beat a strong field of Singapore REITs to secure the coveted awards. Best Retail REIT (Platinum) in Singapore (less th ...

01.10.2019

LHN Wins Tender from the HKSAR Government and Secures 3rd Carpark Contract

LHN secures a 3rd carpark contract in Hong Kong, situated at Tuen Mun, New Territories. HONG KONG, July 9, 2019 - (ACN Newswire) - Real estate management services group LHN Limited ("LHN"; SGX: 41O; SEHK: 1730), is pleased to announce that its indirect wholly-owned subsidiary, LHN Parking HK Limited, has been awarded a 1 year carpark lease, which is renewable on a quarterly basis thereafter, by the Government of the Hong Kong Special Administrative Region. Sitting on an estimated land area of 19,100 square metres located at Tuen Yee Street, Area 16, Tuen Mun, New Territories, t ...

09.07.2019

OneDay launches Residential Property Search for Hong Kong

OneDay (https://www.oneday.com.hk) is proud to announce the launch of our new search feature that now includes residential properties in Hong Kong in addition to office space and industrial warehouses. The Hong Kong property sector is unlike any other in the world; over 98% of the population live in flats within apartment blocks rather than houses and most buildings built after the 1980s are 25 storeys tall or more. In addition to the high population density the demographics vary hugely (for a land mass only 3 times that of that Isle of Wight) with new immigrants from China speaking Mandar ...

29.05.2019

The Executive Talk: Raimon Land PCL (SET:RML)

BANGKOK, May 29, 2019 - (ACN Newswire) - Raimon Land PCL (SET:RML) Chief Executive Officer, Mr. Lee Chy Tek Lionel discusses the company's strategy and outlook in The Executive Talk (TET) by ShareInvestor.com. TET: RML's strategy has undergone some transformation. Could you explain the details of the company's new strategy? RML: We found ourselves a good Thai partner with KPN Property to assist in the knowledge of attracting local customers. RML has been consistently been strong with foreign customers, so together with KPN we can bring more value to our shareholders going ...

29.05.2019


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