The property developer said it has entered into a sale and purchase agreement with Magna Tiara Development Sdn Bhd to acquire the building—called Southbank Block 6—measuring 4,039 sq m, at RM678.
Last Thursday (Sept 4), the trust said it was buying the property, comprising a factory, warehouse and office, with a combined gross floor area of 240,600 sq ft in the Bandar Sultan Suleiman industrial area.
The property comprises 3.
The deal comes as the company racked up more than RM252 million of cash and cash equivalents as at the end of June.
“Today we still look to Tokyo, Seoul or Singapore as references.
The property includes a factory building, and according to KPS Consortium, the acquisition is intended for investment purposes.
Rental transactions within a 1.
Developed by Tan & Tan Developments Berhad, is the final phase of shop offices in Kundang Jaya offering only 38 units of freehold, 2-storey shop offices designed for high visibility and growth in a rising catchment.
The single-storey detached warehouse comes with an annexed double-storey office, as well as a 1½-storey detached warehouse and other ancillary buildings, which were built upon a portion of leasehold land.
The five plots, measuring a total 40,340 sqm, come with a nine-year tenancy agreement that generates annual rental income of RM2.
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