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Edo constructs Pavilion Residence for players in the creatives – Nigerian Observer

Edo constructs Pavilion Residence for players in the creatives – Nigerian Observer
nigerianobservernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nigerianobservernews.com Daily Mail and Mail on Sunday newspapers.

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Pavilion Residences 1 units go on sale

While the finishing touches are being put to the two-tower Pavilion Residences, the owner of one of these towers is getting ready to sell the luxury condo units in what is described as a “depressed market”.IMMO Pavilion, a German investment services group that acquired Tower 1 en bloc in 1H2008, believes it is the right time to sell as it sees confidence returning to the market. The towers, which have 368 condo units, sit atop a 7-storey retail podium that houses the Pavilion KL shopping mall on Jalan Bukit Bintang in Kuala Lumpur. The towers and mall are part of the 12.6-acre leasehold Pavilion Kuala Lumpur urban development project. The project has a gross development value of over RM3 billion and also features a 19-storey office tower and a 180-room boutique hotel.The owner of Tower 2 is international financier Kuwait Finance House (KFH), which previously held a 49% stake in the entire Pavilion KL development through Baitak Asia Real Estate Fund, a joint venture between KFH and ....

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Prosecutor: RM114m-worth of seized assets in 1MBD forfeiture case returned to Umno, Najib | Malaysia

Thursday, 05 Aug 2021 03:29 PM MYT
BY DANIAL DZULKIFLY
Datuk Seri Najib Razak is pictured at the Kuala Lumpur High Court May 20, 2021. ― Picture by Hari Anggara
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KUALA LUMPUR, Aug 5 ― Some RM114 million in seized cash and assets from a raid at the Pavilion residences on May 17, 2018, have reportedly been returned to former prime minister Datuk Seri Najib Razak and Umno.
Deputy Public Prosecutor Faten Hadni Khairuddin told Astro Awani that the seized assets have been returned to both aforementioned parties last June 17, based on inquiries made to the investigative officer. ....

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Govt fails to forfeit monies

KUALA LUMPUR: The government has failed in its application to forfeit RM114mil allegedly belonging to Umno and former prime minister Datuk Seri Najib Razak that was seized from premises belonging to Obyu Holdings Sdn Bhd.
This followed a decision by High Court judge Datuk Muhammad Jamil Hussin in dismissing the application by the prosecution to forfeit the money that was seized by the police at Pavilion Residences on May 17,2018.
In dismissing the application, Muhammad Jamil said the applicant had failed to prove that the money, amounting to RM114,164,393.44, was proceeds from money laundering.
However, he made no order for the money, which is with Bank Negara Malaysia, to be returned to the owners. ....

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Govt fails to forfeit RM114mil allegedly belonging to Umno, Najib

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