Mapletree Investments has raised over US$500 million in equity commitments for the first close of its Emerging Asia logistics development strategy. The total includes US$250 million secured by its private fund, Mapletree Emerging Growth Asia Logistics Private Trust, along with co-investment backing. Targeting developments in Malaysia, Vietnam and India, the broader strategy is projected to reach a total investment value of US$2.1 billion when fully deployed.
Minor Hotels has announced plans to launch Avani Kota Kinabalu in the first quarter of 2027. The 352-key property will mark the introduction of the Avani brand to the Malaysian state of Sabah. Developed as part of The Logg Luyang project by KTI Landmark, the hotel will act as the hospitality anchor for the mixed-use scheme.
Sime Darby Property and ESR have expanded the E-Metro Logistics Park in Selangor, Malaysia, by adding over 2,200,000 square feet of warehouse space. The expansion includes the finished Metrohub 4 facility and the groundbreaking of Metrohub 3. Global beverage brand MIXUE has pre-committed to Metrohub 4, while Metrohub 3 will offer specialised storage for electric vehicle components and lithium batteries.
Frasers Hospitality has announced the soft opening of Capri by Fraser in George Town, Penang. Located at 31 Jalan Magazine near the UNESCO World Heritage Site, the 22-storey property marks the brand's debut in the region. The hotel features 248 rooms and residences, integrated heritage architecture and partnerships with local artists and food brands to establish a new social hub.
Axis Real Estate Investment Trust has signed a RM34.6 million deal to acquire a new industrial facility in Senai, Johor. The property is a build-and-lease project that will be occupied by existing tenant FCI Connectors Malaysia Sdn Bhd upon its completion in 2027. Market analysts from BIMB Research expect the acquisition to contribute an estimated RM2.49 million in annual gross rental income.
Mah Sing Group Berhad and KLK Land have confirmed a major joint venture to develop a new industrial hub in Johor, Malaysia. The partners will transform 419.15 acres of freehold land in Kulai into the MS Industrial Park @ Kulai, a project with an estimated gross development value of RM2.26 billion. Mah Sing will hold a 60% stake in the venture and lead the development, while KLK Land retains 40%.
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