Tropicana sells Johor land to Japanese data centre player for RM383m
Tropicana said the original cost of investment in the land stood at approximately RM143.
Tropicana said the original cost of investment in the land stood at approximately RM143.
This was, however, just a little over half of the RM102.
In terms of prospects, the company said it is finalising plans to introduce its first sea-facing residential apartment project on the Andaman Island in Penang and is aiming for that to be launched towards the end of the year.
Gemala Residences also achieved a Quality System in Construction (QLASSIC) score of 80%.
The leasehold land, expiring in October 2112, includes a single-storey hypermarket, basement car park and office, totalling 60,895 sq feet of lettable area.
Yong Tai contends that the claims by Kerjaya Prospek are without merit, arguing that Kerjaya Prospek breached fundamental terms of the contract by failing to complete the work on time and not adhering to the specified scope of work.
In its 15th instalment this year, the BRC awards ceremony honouring Corporate Malaysia’s best performing and top responsible organisations aims to spur Malaysian companies to be even better at what they do — not just financially, but also as corporate citizens.
In June, Sunsuria completed its acquisition of an additional 33% stake in Bangsar Hill Park Development Sdn Bhd, which owns and develops the Bangsar Hill Park project.
In April this year, Battersea Power Station completed a sale contract for 50 Electric Boulevard in Phase 3B, including a rental guarantee for the first five years of the contract period from April 2024 to March 2029.
Sime Darby Property group managing director Datuk Seri Azmir Merican: “We can't provide specific numbers of how the Google data centre will impact our earnings, but it represents an exciting opportunity for us.