Gadang faces RM19 mil hit from termination of joint development in Cyberjaya
The termination is in respect of the undeveloped phases of the project, Gadang said in a bourse filing on Friday.
The termination is in respect of the undeveloped phases of the project, Gadang said in a bourse filing on Friday.
The latest expansion adds 450 cabinets to the KL1 facility, bringing its total capacity to 900 cabinets once operational, with a power load of 2.
“This initiative will not only accelerate Cyberjaya’s transformation into a world-class tech and innovation ecosystem but also solidify Malaysia’s position as a key player in the global digital economy.
Binastra said this contract represents its first accomplishment for the new financial year ending Jan 31, 2026 (FY2026).
Seven floors of the property, totalling 35,904 square feet, are rented to Commerce Dot Com Sdn Bhd while the remaining floor, encompassing 4,471 square feet, serves as an office for Awantec and its units.
The land, owned by Compugates’ 70%-owned subsidiary Compugates Development and Mining Sdn Bhd (CDMSB), has a market value of RM134.
The purchaser, 4X Software Sdn Bhd, was unable to fulfill the stipulated condition precedent within the agreed timeline, which ended on Dec 26, 2024, according to AmanahRaya Kenedix REIT Manager Sdn Bhd, the REIT’s manager.
DONE DEAL: Terrace house, Taman Puncak Jalil, Seri Kembangan, Selangor DONE DEAL: Semidee house, Taman United, Kuala Lumpur Cyberjaya may be famous for its startups and university campuses, but it is much more vibrant than one might initially assume.
Keppel DC REIT’s subsidiary Basis Bay Capital Management entered into a sale and purchase agreement on Dec 31, 2024 with Basis Bay Services MSC, an unrelated third party that is also the current master lessee and facility manager of the property.
As of the end of September, the group had an outstanding order book of RM2.