Author name: admin

PETALING JAYA, Brite-Tech Bhd (BTech) has announced plans to diversify its core operations to include property investment, marking a strategic move to broaden its income sources and strengthen long-term growth prospects. In a filing with Bursa Malaysia, the group said its existing businesses are primarily focused on environmental products and services, system equipment, ancillary products, and investment holding. Currently, most of its revenue is derived from its environmental products and services segment. While continuing to improve the performance of its core business, BTech said it aims to expand its revenue base by exploring alternative income streams. The company noted that income from property rentals — currently classified under its investment holding division — has been increasing, prompting the group to reorganise its operations. “The group plans to carve out its property rental activities into a dedicated business segment, namely property investment, to enable more focused management and growth,” BTech said. The company added that its entry into the property investment business will allow it to generate returns through rental income and potential gains from the resale of investment properties. BTech views the move as a way to ensure stable recurring income while balancing its exposure to cyclical market conditions in its existing environmental services operations.

KUALA LUMPUR, Gamuda Land, the property development arm of Gamuda Bhd (KL), has acquired a site at 14 Marshgate Lane in Stratford, London, for the development of a purpose-built student accommodation (PBSA) project with an estimated gross development value (GDV) of RM600 million. In a statement released on Friday, the company said the 321-bed project will mark Gamuda Land’s first fully owned, self-developed, and self-managed PBSA venture in the United Kingdom. Scheduled for completion in the 2028/29 academic year, the development will be strategically located near University College London’s (UCL) East campus and the London College of Fashion — two institutions with a combined student population exceeding 10,000. It will also be situated close to Westfield Stratford, London’s largest retail destination. The acquisition price for the land was not disclosed. The Marshgate Lane project forms part of Gamuda Land’s broader plan to deliver up to 3,000 student beds across key UK cities within the next five years. With this latest addition, the company’s PBSA portfolio in the UK now comprises 1,232 beds across three sites. Other ongoing projects include Press House in Woolwich, London — a 419-bed joint venture with Q Investment Partners slated for completion in 2027 — and City Wharf in Glasgow, a 492-bed development in collaboration with Dandara Living expected to be completed by 2026. Gamuda Land chief executive officer Chu Wai Lune said the latest acquisition reinforces the company’s long-term strategy to diversify its overseas portfolio and expand its recurring income base through counter-cyclical asset classes. “PBSA remains a resilient investment segment underpinned by strong, steady demand from both domestic and international students,” Chu said. “This segment helps balance our residential and commercial portfolios while providing sustainable long-term returns.” Including the Marshgate Lane project, Gamuda Land’s UK development pipeline stands at approximately £1.5 billion (RM8.4 billion). This includes the £1.2 billion redevelopment of 75 London Wall in partnership with Castleforge, as well as the West Hampstead Central build-to-sell residential project.

KUALA LUMPUR, BWYS Group Bhd, a leading manufacturer of sheet metal products and scaffolding systems, has announced the acquisition of a parcel of freehold industrial land in Kuala Langat, Selangor, for RM94.5 million as part of its long-term expansion strategy. In a bourse filing on Tuesday, BWYS said its wholly owned subsidiary, BW Scaffold Industries Sdn Bhd, entered into a sale and purchase agreement (SPA) with Compass IP Sdn Bhd for the acquisition of a 28.92-acre tract of land located within the Compass @ Kota Seri Langat industrial and logistics hub in Mukim Tanjung Dua Belas, Banting. The hub is strategically situated about 60km southwest of Kuala Lumpur and 37km northwest of Klang. The company said the land purchase would support BW Scaffold’s future operational growth, as it offers a significantly larger area than its current site. “Following our recent joint venture with Runwin International (HK) Holding Group Co Ltd to set up a state-of-the-art colour-coated steel coil production line, this new acquisition marks another step forward in strengthening our production capabilities,” said managing director Kang Beng Hai. “The Banting site will allow us to consolidate our manufacturing and warehousing activities within a modern, integrated industrial hub.” BWYS plans to construct a new manufacturing complex on the land, featuring factory buildings, warehouses, and centralised labour quarters. The new facility will boost the group’s operational capacity and efficiency, supporting its businesses in scaffolding rental and supply, as well as sheet metal product manufacturing, including polyurethane foam sandwich panels, roofing sheets, and roof trusses. Construction of the new plant is expected to begin in the second quarter of 2026. According to BWYS, the move will also generate long-term cost savings by removing the need to pay annual factory rental fees, currently amounting to about RM2.66 million. The acquisition will be financed through a mix of internal funds and borrowings, including RM20 million from proceeds of its Bukit Changgang land disposal. In August, BWYS sold the Bukit Changgang property — comprising factory and office buildings — to Yusin Machinery (Malaysia) Sdn Bhd for RM67 million. Shares of BWYS closed unchanged at 23.5 sen on Wednesday, valuing the group at RM240.93 million.