Press Coverage ARCHIVE 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 DATE EXTRACTS SOURCE 30 November 2007 Aseana Properties has made its first acquisition in Vietnam, buying a stake in a 2.1m sq ft sea-front development on China Beach in Danang. Property Week (Main) 27 November 2007 Aseana Properties has paid $18 million to take a 60 per cent stake in a project to build a luxury hotel complex on China Beach, Vietnam, estimated to have a developed value of $150 million. The Times (Main) 26 November 2007 Aseana Properties buys seafront land in Danang, Vietnam for USD150m project Aseana said it has made its first acquisition in Vietnam with the purchase of 202,800 square metres of seafront development land from The Nam Kang Company Corporation. Interactive Investor International (Web) 26 November 2007 Aseana Properties buys seafront land in Danang, Vietnam for USD150m project Aseana said it has made its first acquisition in Vietnam with the purchase of 202,800 square metres of seafront development land from The Nam Kang Company Corporation. Hemscott (Web) 26 November 2007 Aseana Properties buys seafront land in Danang, Vietnam for USD150m project Aseana said it has made its first acquisition in Vietnam with the purchase of 202,800 square metres of seafront development land from The Nam Kang Company Corporation. AFX News 12 October 2007 London-listed vehicles look to thrive in Asia London-listed property stocks are heading towards Asia. One of these is Aseana Properties, which began life with a $128 million portfolio of five Malaysian assets. The company plans to expand in future months into Vietnam, where it has drawn up another $100 million of investments. Gulf News (Main) 08 October 2007 Ho Chi Minh City awaits Aseana Properties, which won a main market listing on the London Stock Exchange in April, raising $162m, intends to expand in the coming months into Vietnam, where it has drawn up another $100m of majority investments in seven projects. Financial Times (Property) 05 October 2007 Aseana ventures into Vietnam in search of value Aseana Properties is looking to expand from Malaysia to Vietnam. It has funding in place for four schemes, the first of which forms part of a $1 billion development programme. Property Week (Main) 29 September 2007 Aseana Properties H1 pretax at USD1.81m, revenues USD10.01m Aseana Properties Ltd has said it posted a first half pretax profit of $1.81 million and revenues of $10.01 million. AFX Press (Web) 28 September 2007 Aseana Properties H1 pretax at USD1.81m, revenues USD10.01m Asian property developer, Aseana Properties Ltd, said it posted first half profits of $1.81 million. Interactive Investor International (Web) 27 September 2007 Ireka confident of doubling order book to RM1b Ireka Corporation Bhd is confident of clinching a RM500 million contract to build a luxury condominium project in Mont'Kiara by year-end that will double its order book to RM1 billion. Furthermore, the group's current financial year ending in March, 2008, will be in a positive position due to assets sale and stronger operational profits. During the year, the group disposed of the Westin Kuala Lumpur for RM455 million and saw the listing of certain property assets on the LSE Main Market through Aseana Properties Ltd. The Edge Daily (Web) 07 September 2007 In brief Aseana Properties is set to buy three sea-front plots of land in Kota Kinabalu, Malaysia for $11.67m. It is expected that Aseana will use to the land to develop luxury villas and hotel resorts. Property Week (Main) 05 September 2007 Net value: Unintended consequence AIM is proving extremely attractive to Malaysian companies with many now choosing it over the Mesdaq Market. Lai Voon Hon, CEO of property and construction group Ireka Corp Bhd says that AIM was chosen for its Aseana plc unit because of a domestic regulation that requires a property counter to have at least 1,000 acres. AIM, however, does not have this requirement. Despite originally intending to list on AIM, it eventually opted for the LSE Main Board to take advantage of the larger funds. The Edge Daily (Web) 01 September 2007 Kuala Lumpar deal Aseana Properties has splashed out $29 million on 95,131 sq ft of land in Kuala Lumpur Sentral's Log G. Niche International Property Adviser 29 August 2007 Aseana Properties to buy sea-front land in Malaysia for USD11.67m Aseana Properties Ltd has agreed to buy three contiguous plots of sea-front land from Mangrove Paradise Resort in Sabah, Malaysia for $11.67 million. Aseana has earmarked the land for luxurious resort villas, a boutique resort hotel and exclusive resort homes. Forbes.com (Web) 28 August 2007 Corporate: Three more lots to go in KL Sentral Just three more parcels of land are available for development in KL Sentral, the key project for Malaysian Resources Corp Bhd (MRCB). The three plots of land are Lot B, Lot E and Lot F and have a combined value of RM1.7 billion. MRCB has already entered into two join ventures to develop land at KL Sentral, one of which is with Aseana. MRCB has a 60% stake in this joint venture to buy a piece of land for RM99 million, on which office towers and a boutique hotel are to be built. The Edge Daily (Web) 21 August 2007 When Sunrise launched 10 Mont'Kiara (MK10) in the fourth quarter last year, it set a new benchmark for condos in Mont'Kiara's primary market at an average of RM535 psf. Following this, Maymont launched Matahari at RM750 psf while Ireka's property arm, Aseana Properties, launched Seni Mont'Kiara starting from RM650 to RM780 psf. In neighbouring Sri Hartamas, Sunway City Bhd launched Palazzio at an average of RM850 psf. The Edge Daily 17 August 2007 In the need to know - Aseana Properties The London listed property developer which is backed by Ireka, the Malaysian construction group, has bought a plot of land in Kuala Lumpur for £29million via a joint venture with Malaysian Resources Corporation Berhad. The land is expected to have a development value of about $180 million (£90.4 million). The Times 16 August 2007 Aseana and Malaysian come together in $180m project Aseana Properties has teamed up with property and construction company Malaysian Resources Corporation Berhad to develop a $180m (£90m) hotel and office scheme in Kuala Lumpar. Property Week 14 August 2007 In the need to know - Aseana Properties The London listed property developer backed by the Malaysian construction group Ireka, has won a contract to buy a 54,000-sq-ft plot of land in Kuala Lumpur to build an office tower and commercial complex The Times 02 July 2007 A sector that is full of life Some critics may say it is a dead sector, but the investment rust arena is just as full of life as the rest of the financial markets. Since the beginning of the year, there have been 17 new investment trust products bought to the market. Ten of these products were domiciled in the UK, of which 8 came to the market in April. The offshore exception was the Aseana Properties Ireka Development Trust, domiciled in Jersey and focusing on the overseas property market. Investment Adviser 22 June 2007 Asia: Luxury residential changes hands Kuala Lumpur: Aseana Properties has bought a $65.5m (£33.2m), 605-unit luxury condominium development in the Seni Mont' Kiara area of Kuala Lumpur, Malaysia. Property Week (Global Supplement) 16 June 2007 Go east young man: far far east. The UK property market might be in an uncertain frame of mind, but those trying to raise cash in London for commercial investments abroad are still feeling pretty certain. Forget Bulgaria and Kazakhstan, the new frontiers are now much further east - Vietnam to be precise. Estates Gazette 31 May 2007 Aseana Properties Completes Second Portfolio Investment Aseana Properties has completed its second acquisition since listing on the London Stock Exchange in April 2007. Aseana is investing in 'Seni Mont' Kiara'; a $65.5m upscale 605-unit luxury residential project in Malaysia. This project consists of two 46-story blocks and two 16-storey low rise blocks covering 8.83 acres of freehold land. These are valued at c$286m. The project was acquired from Legacy Essence Ltd for $65.5m cash and shares. Aseana has invested $40.9m of the $162m raised at floatation and is on track to invest the remainder of the funds by April 2008. Aseana is in detailed discussions regarding a number of potential acquisitions in both Vietnam and Malaysia. Dow Jones Newswire 18 May 2007 Aseana's Malaysian Mixed-use Space Aseana Properties unveiled its first deal today since listing on the London Stock Exchange. The Asian property developer purchased four properties, 3 in Kuala Lumpur and 1 in Sabah, Malaysia. These consisted of a mix of residential and commercial projects at various stages of development. The assets were bought from Ireka Corporation Berhad for c$63.4m (£31.7m). These projects include; the 35-storey i-Zen@Kiara condominium tower; the Tiffani condominium development; the One Mont Kiara mixed-use development; and the Sandakan Harbour Square retail and hotel project. The four properties have an estimated development value of $402m (£201m). Property Week 17 May 2007 Deal of the Week Aseana Properties has completed its first deal since its float on the London Stock Exchange. The £31.5m cash and share acquisition consisted of four residential and commercial properties in Kuala Lumpur, Malaysia, at various stages of development, purchased from Ireka Corporation Berhad. Two of these projects include; One Mont' Kiara - a mixed commercial development combining retail and office space values at £66m, and Sandakan Harbour Square - an urban redevelopment worth £68m. Aseana raised £80m from its float on the main market of the LSE in April after failing to attract investors from its earlier placing on AIM. City AM 15 May 2007 Aseana Properties has acquired four Malaysian properties from Ireka Corp Berhad for $63.4m cash and stock, offering a mix of residential and commercial projects in various stages of development. AFX News 22 April 2007 InsiderAsia's Model Portfolio In April 2007 Ireka Corp sold RM218.8 million worth of properties under development to Aseana Properties ltd, which is listed on the London Stock Exchange, for a 20% stake plus RM50 million cash. These moves have enabled Ireka to realise the value of its property assets and will result in a large jump in earnings and NTA. The Edge Daily 12 April 2007 Aseana, the Asian property developer, raised $162m from its flotation on the main market of the London Stock Exchange having failed to attract investors from its initial placing on AIM. Aseana is targeting opportunities in Malaysia and Vietnam where high demand is driven by increasing interest from overseas and a growing middle class population. City AM 7 April 2007 Asian Developer Snubs AIM for Main List Aseana Properties failed to attract high-quality investor interest from an earlier proposed AIM listing, and so listed on the main market of the London Stock Exchange this week in order to reach a greater potential pool of investors. Chief executive Voon Hon added "We have attracted a number of very large funds, which would not have invested in us on AIM". Aseana raised $162m from the flotation and will invest the proceeds over the next 12 months in a $250m portfolio of high-end residential and mixed-use projects in Malaysia and Vietnam. The Group's portfolio consists of five Malaysian properties in various stages of development, three of which are condominium towers. Further acquisitions are being negotiated in both Malaysia and Vietnam. Real estate development from the private sector has been encouraged in Vietnam due to it being successfully granted membership of the World Trade Organisation last December. The Chairman of Aseana Properties, Dato' Mohammed Azlan bin Hashim, added that factors such as the growing young, middle-class population, and increasing interest from overseas companies and investors, have created and driven exciting opportunities in the Malaysian and Vietnamese real estate markets. Estates Gazette 5 April 2007 Aseana Properties, an Asian property developer investing in Malaysia and Vietnam made its bow on the market today. After 38 deals the shares are unchanged at $1.045. Citywire 5 April 2007 Tiddler to Watch The property developer, Aseana Properties, backed by Ireka, the Malaysian construction group, debuts on the London Stock Exchange. The group has raised $153m (£77m) to invest in Vietnam and Malaysia through a share placing of $1 each. The Times 03 April 2007 Aseana, an Asian property developer in Malaysia and Vietnam, is to join the Main Market on Thursday (5th April 2007), after raising $162m (£82m) in a placing of 162m shares at 100 cents each. Aseana has allocated the proceeds for investment in upmarket residential, commercial and hospitality projects in both Malaysia and Vietnam. Aseana hopes to achieve a minimum annual return of 20% on Malaysian projects and 30% for Vietnam. Financial Times (Companies and Markets)