Aseana Properties, the London-listed developer which is backed by Malaysian construction group Ireka, has bought a plot of land in Kuala Lumpur for £29m through a joint venture with Malaysian Corporation Berhad.
The land has an estimated development value of around $180m (£90.4m).
Retail property lobby group Revo has called for a drastic cut in the level of business rates as part of its first stage response to the HM Treasury consultation on business rates reform in England.
Bond Wolfe raised £18.7m at its September live-streamed auction, selling 196 of the 207 lots in the catalogue and achieving a 95% success rate.
The property industry has made an 11th-hour appeal to the government to slash business rates, arguing that the current level of taxation is unsustainable.
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