YTL Live, the operating arm of YTL Corporation Bhd’s upcoming live entertainment complex in Bristol, has announced Aviva as the official naming-rights partner for its new 20,000-seat indoor arena under a long-term, multimillion-pound sponsorship agreement. In a joint statement, YTL and Aviva confirmed that the venue will be known as Aviva Arena upon its expected opening in late 2028. The arena will rank among the largest indoor venues in the UK and will be the first of its scale in the West of England. The companies estimate that approximately 1.4 million visitors will attend live music performances, sporting events and other entertainment activities at the arena each year. Construction is already underway to repurpose the historic Brabazon Hangars — the original manufacturing site of the UK’s Concorde supersonic jets — into a premier live entertainment destination. The broader development, branded as YTL Live, will place Aviva Arena within the largest of the three hangars and also feature dedicated conference and exhibition facilities. The project is projected to inject around £1 billion (RM5.26 billion) into the Bristol economy during its first decade of operations. More than 2,000 jobs are expected to be generated during the construction phase, with up to 500 permanent positions to be created once the arena becomes operational, contributing to sustained economic and social benefits in the region. Aviva Arena is set to host over 120 large-scale events annually, positioning it as a leading international destination and a “must-play” venue for global artists. YTL Corporation executive chairman Tan Sri Francis Yeoh said the collaboration with Aviva reflects shared corporate principles, particularly in community engagement, inclusion and sustainability. While highlighting YTL’s expansion into digital infrastructure — including 5G networks, artificial intelligence (AI) data centres in partnership with Nvidia, and the launch of an AI-driven digital bank — Yeoh reaffirmed the group’s long-term commitment to its core infrastructure investments. He noted that YTL’s acquisition of the former Filton airfield in 2015 marked a strategic regeneration initiative, similar to projects the group has undertaken across Asia to revitalise dormant sites into thriving communities. Yeoh also pointed out that Prime Minister Datuk Seri Anwar Ibrahim had previously unveiled YTL’s updated master plan for Brabazon New Town. The group has pledged to invest approximately £4 billion in the UK over five years, reinforcing its position as the largest Malaysian investor in the country. Demolition works have been completed, and construction — led by YTL Construction UK — is now commencing, with completion targeted for late 2028.

Atlan Holdings Bhd said its indirect subsidiary, Selasih Eksklusif Sdn Bhd, has ceased duty-free operations at Berjaya Waterfront in Johor Bahru and is terminating its tenancy agreement with the landlord. Selasih decided to close the outlet after failing to secure a renewal of its business licence from the Johor Bahru City Council despite multiple attempts. The tenancy, originally signed in March 2013 with Berjaya Waterfront Sdn Bhd (a unit of Berjaya Assets Bhd), will now be formally ended. Selasih is a subsidiary of Singapore-listed Duty Free International Ltd (DFIL), which sells alcohol, chocolates, tobacco, perfumery, and cosmetics. Atlan holds a 75.53% stake in DFIL. Selasih’s closure was first disclosed by DFIL to the Singapore Exchange, with Atlan making a corresponding announcement to Bursa Malaysia. For the financial year ended Feb 28, 2025, Selasih contributed about 38.6% of DFIL’s revenue and 4.6% of its profit after tax. Atlan said negotiations with Berjaya Waterfront for a mutually agreeable termination failed, and the landlord has not yet responded to the notice. The group noted the closure could result in a one-off exceptional net gain after tax of roughly RM17 million for DFIL, mainly from derecognising the lease, but this would be partly offset by costs related to ceasing operations, including asset write-offs, inventory markdowns, and staff retrenchments. Figures are still being reviewed. Atlan shares closed four sen lower at RM2.75 on Thursday, giving the company a market capitalisation of RM697.54 million.

FBG Holdings Bhd has secured a RM238.1 million contract to construct a 25-storey hotel above The Mall at Mid Valley Southkey in Johor Bahru. The building, Tower 6, will feature 375 rooms along with associated facilities, and is owned by IGB Bhd. The contract was awarded to FBG’s wholly owned subsidiary, FBG Builder Sdn Bhd, by MVS Southpoint Hotel Sdn Bhd. The project is scheduled to begin on March 1, 2026, and is expected to be completed by June 30, 2028. With this win, FBG’s outstanding order book rises to RM1.23 billion, providing earnings visibility through 2028. FBG group executive chairman Tan Sri Chan Kong Choy said the contract underscores the company’s technical expertise, disciplined project management, and consistent delivery of quality workmanship. “We will maintain rigorous standards, timely execution, and close collaboration with stakeholders to ensure successful outcomes. This project strengthens our presence in Johor and contributes to long-term growth,” he added. Major shareholders include Tan Sri Chan (indirect 13.93%), deputy chairman Tan Sri Kuan Peng Ching (indirect 11.94%), the late Tan Sri Ta Kin Yan (8.74%), and group executive director Tan Sri Lau Kuan Kam (1.02% direct, 5.44% indirect). FBG shares closed at 15.5 sen on Thursday, giving the group a market value of RM115 million.

An oil palm plantation along the Segamat–Kuantan Highway in Johor has been put up for sale by tender. The freehold land, owned by Chansun Estate Sdn Bhd, spans about 1,153 acres and is split by the highway. It is located დაახლოებით 22km from Segamat town and 13km from Buloh Kasap. The indicative price of the 103.6-acre tract (foreground) in Gelang Patah said to be RM158 million. Market sources indicate the plantation is priced between RM150,000 and RM180,000 per acre, translating to a total of roughly RM173 million to RM207 million. Recent land deals in the area were reportedly around RM190,000 per acre. The agricultural land consists of prime-aged oil palm trees on generally flat to gently undulating terrain. Large estate land sales of this size are uncommon in Johor, as most plantation land is held by major players such as SD Guthrie, Johor Plantations Group, Kuala Lumpur Kepong, and Genting Plantations, which rarely dispose of such assets. However, some of these groups have monetised land by converting estates into industrial parks or township developments. Separately, several common shareholders of Chansun Estate are also offering a 103.6-acre freehold development site in Gelang Patah, Iskandar Puteri, via tender. The residential-zoned land allows for a density of up to 20 units per acre and is said to carry an indicative price of about RM35 per square foot, or around RM158 million. The Gelang Patah site is located within the Johor-Singapore Special Economic Zone (JS-SEZ) and is well connected via the Second Link Expressway and JB Parkway. Property consultants note that its proximity to industrial hubs, established residential areas, EduCity and retail centres enhances its appeal, particularly for commuters working in Singapore. Both tenders are being managed by CBRE | WTW and are scheduled to close on March 18.

Johan Holdings Bhd announced that its 80%-owned unit, Lumut Park Resort Sdn Bhd, is set to sell the 150-room Orient Star Lumut hotel and three adjoining land parcels in Lumut, Perak, for RM47.43 million in cash. The sale, below the combined market value of the properties, is expected to generate a gain of RM3.88 million for Johan Holdings. Proceeds will be used for working capital and related expenses. The hotel was sold for RM32.96 million, slightly under its market value of RM33.3 million, while the three land parcels, totaling 6.69 acres, were sold at discounts ranging from 1.11% to 15.32%. The deal, signed with Golden Peak Hospitality & Consultancy Sdn Bhd and Bujang Holdings Sdn Bhd, is subject to shareholder approval at an upcoming extraordinary general meeting. Completion is expected in Q3 2026. Johan Holdings’ remaining 20% stake in Lumut Park Resort is held by Syarikat Majuperak Bhd. The company’s shares closed unchanged at 2.5 sen, giving it a market capitalisation of RM24.33 million.

Berjaya Land Bhd (BLand), controlled by Tan Sri Vincent Tan, will be renamed Berjaya Property Bhd following shareholder approval at an extraordinary general meeting on Friday. The company said the name change reflects its stronger focus on property as its core business. Property remains the group’s main platform, supporting its wider portfolio that includes hospitality, retail, transport, mobility and lifestyle ventures. The rebranding is aimed at providing clearer visibility of the group’s key value drivers, strengthening its corporate identity, and enhancing transparency for investors and stakeholders. Group CEO Syed Ali Shahul Hameed said property has long supported the company’s integrated developments, recurring income streams and long-term growth plans. BLand shares closed unchanged at 27 sen on Friday, valuing the company at about RM1.35 billion. The stock has risen 3.9% year-to-date.