PETALING JAYA (May 12): Apex Equity Holdings Bhd has completed the RM50 million acquisition of a boutique office building in Bangsar South City, Kuala Lumpur, with all conditions precedent fulfilled and the balance of the purchase price released to the vendor today.
KIP REIT owns 10 retail malls and four industrial assets worth RM1.
The company said the MOU would remain valid for a period of 12 months.
The building, which is currently vacant, will serve as the office for Apex Group and its subsidiaries, the company said.
If there was any lingering doubt … it is now completely exonerated by the latest Federal Court decision, which endorsed the High Court decision and reinforced the developer's obligation to provide such utility facilities.
To showcase iconic projects which have been awarded green certification by GreenRE Sdn Bhd KUALA LUMPUR (June 14): Malaysia Property Exposition (MAPEX) 2024 will specifically feature a ‘Green Section’, which is in line with the government’s aspiration towards sustainability in the Malaysian property sector.
Apex Securities said it was optimistic about Matrix's earnings growth prospects as the group exhibits a clear growth strategy, as evident from ongoing land bank acquisition efforts to ensure sustainable development over the next two decades.
Rehda Selangor chairman Datuk Zaini Yusoff said that Mapex Selangor 2024 will bring the latest offerings of real estate opportunities in Selangor and Kuala Lumpur.
The group said its wholly owned subsidiary Xepa-Soul Pattinson (Malaysia) Sdn Bhd had entered into a sale and purchase agreement with Panasonic Appliances Refrigeration Devices Malaysia Sdn Bhd (PAPRDMY) for the proposed acquisition.
The 29-year-old property cost the group RM21.
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