GEORGE KENT CLINCHES RM45.5 MILLION CONTRACT FOR INFRASTRUCTURE PROJECT IN KWASA DAMANSARA TOWNSHIP
George Kent (Malaysia) Berhad (“George Kent” or “the Group”) has secured a RM45.5 million contract from Kwasa Land Sdn Bhd for key infrastructure works at Kwasa Damansara Township, Selangor. The project, starting on 9 January 2025, is set for completion by 8 July 2027.
Tan Sri Dato’ Tan Kay Hock, Executive Chairman, remarked: “We are proud to support the growth of Kwasa Damansara with our proven expertise.”
This marks George Kent’s second project win this month, highlighting its strong pipeline and commitment to Malaysia’s development.
KIP REIT COMPLETES ACQUISITION OF D’PULZE SHOPPING CENTRE AHEAD OF SCHEDULE
KIP REIT has completed its largest acquisition, D’Pulze Shopping Centre in Cyberjaya, for RM320 million. The fully occupied retail asset adds 311,499 square feet to KIP REIT’s portfolio, boosting total lettable space to over 2.4 million square feet.
With a 7.1% yield, D’Pulze marks a key milestone in KIP REIT’s growth, expanding its portfolio to 13 properties and reinforcing its commitment to sustainable, long-term returns for unitholders.
OCK EXPANDS RENEWABLE ENERGY SEGMENT THROUGH STRATEGIC INVESTMENT IN 116MW SOLAR PLANT
OCK Group Berhad (“OCK”), Malaysia’s largest telecommunications network solutions provider, announced a strategic investment in a 116MW solar photovoltaic plant in Sungai Petani, Kedah. The project, secured under the large-scale solar programme, will enhance OCK’s renewable energy portfolio and provide long-term recurring revenue through a 21-year power purchase agreement with Tenaga Nasional Berhad.
SKYWORLD DEVELOPMENT SIGNS AGREEMENT TO JOINTLY DEVELOP NATION’S LARGEST AFFORDABLE HOUSING
SkyWorld Development Berhad has entered into strategic agreements with Penang Development Corporation and PDC Properties to jointly develop over 35,000 affordable housing units in Penang, with a GDV of RM13 billion. The project will span 195.54 acres in Batu Kawan and Seberang Jaya, offering homes priced between RM225,000 and RM420,000 under Rumah Mampu Milik and Rumah Bakat Baru MADANI schemes.
SUNVIEW SECURES RM196.1 MILLION WORTH OF CONTRACTS
Sunview Group Berhad (“Sunview”) announced its subsidiary, Fabulous Sunview Sdn. Bhd., has secured two contracts worth RM196.1 million for the construction of two 29.99MWac solar plants in Sungai Petani, Kedah.
Group CEO HP Ong said, “This collaboration strengthens Sunview’s position in renewable energy and supports our commitment to sustainable growth.
3REN SIGNS MOU WITH INVESTPENANG ON PENANG SILICON DESIGN @5KM+ INITIATIVE
3REN Berhad (“3REN”), through its subsidiary Sophic Automation Sdn Bhd, has signed an MOU with InvestPenang to support the Penang Silicon Design @5km+ initiative. This program aims to enhance Malaysia’s semiconductor and IC design sectors by fostering innovation, developing talent, and creating a centralized hub for industry leaders in Penang.
KIP REIT WELCOMES EPF AS ITS NEW SUBSTANTIAL UNITHOLDER
KIP REIT proudly welcomes the Employees Provident Fund (EPF) as a substantial unitholder, now holding over 6% following its recent private placement. The RM146.7 million raised will partly finance the acquisition of D’Pulze Shopping Centre, strengthening KIP REIT’s growth trajectory. CEO Valerie Ong Pui Shan highlighted this as a pivotal milestone, reinforcing KIP REIT’s commitment to delivering sustained value and attracting esteemed investors.
MGB REACHES THE TOP FOR IDAMAN CAHAYA 1 WITH ROOF TOPPING CEREMONY
MGB Berhad (“MGB”), a subsidiary of LBS Bina Group Berhad, marked the completion of the Idaman Cahaya 1 building structure with a roof-topping ceremony in Shah Alam. This milestone highlights MGB’s use of Industrialised Building System (IBS) technology, enabling faster construction and reduced labor dependency.
Part of the Rumah Idaman MBI initiative, the project advances MGB’s goal of delivering affordable housing in Selangor. To date, MGB has completed over 12,000 IBS-built units, with 3,000 more in progress. Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San emphasized the Group’s commitment to timely project delivery and affordable housing for Klang Valley residents
BINASTRA HITS RM3 BILLION TARGET WITH LATEST RM327 MILLION CONTRACT WIN
Binastra Corporation Berhad (“Binastra”) has secured a RM327.7 million contract through its subsidiary, Binastra Builders Sdn. Bhd., surpassing its RM3.0 billion FY2025 target with RM3.1 billion in contracts secured year-to-date.
The project involves two 58-storey serviced apartment blocks in Kuala Lumpur, scheduled for completion within 42 months. With an order book of RM3.7 billion, Binastra is well-positioned for sustainable growth.
GEORGE KENT SECURES FIRST CONTRACT IN SARAWAK WORTH RM26.7 MILLION
George Kent (Malaysia) Berhad has secured its first Sarawak project, a RM26.7 million contract for the Sarawak Water Supply Grid Program. The project, awarded by JBALB Sarawak, aims to enhance water infrastructure along Bakun Road, benefiting local communities. The scope includes the installation of mechanical and electrical systems, with completion expected by June 2026. This milestone expands George Kent’s footprint in Malaysia and strengthens its role in regional infrastructure development.
