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Landlords are seeing a flight to quality as multinational companies (MNCs) and local corporations take advantage of the availability of better grade office space at competitive rates and attractive tenancy terms, said Knight Frank Malaysia executive director (corporate services) Teh Young Khean.
Office Depot and Alibaba strike strategic deal to reach more US small businesses.
HANOI: President Donald Trump and North Korean leader Kim Jong-un both said they supported the opening of a US liaison office in Pyongyang at the start of their second summit in Hanoi.
PETALING JAYA: The Kuala Lumpur and Selangor office market remained subdued in the third quarter of 2018, as rental growth prospects continued to be challenging. Knight Frank Malaysia said rental growth is still slow amidst rising trade tensions.
PETALING JAYA: The vast incoming supply of office space in the Klang Valley, amid the tight leasing market, is expected to increase pressure on occupancy and rental levels.
PETALING JAYA: The oversupply situation in office space will continue to be challenging this year, exacerbated by ageing buildings, with some office blocks converted to other uses, said CBRE|WTW managing director Foo Gee Jen.
LOS ANGELES: Alibaba Group Holding Ltd’s business-to-business trading platform has forged its first US partnership with a large company as it teams up with Office Depot Inc.
HONG KONG: Gaw Capital Partners is in talks to join Henglilong Investments Ltd in its HK$15 bil (US$1.9bil) acquisition of Swire Properties Ltd’s Cityplaza Three and Cityplaza Four office buildings in Hong Kong, people with knowledge of the matter said.