IGB REIT to acquire Mid Valley Southkey Mall in Johor for RM2.65 bil
The five-storey mall, with over 1.
The five-storey mall, with over 1.
MTrustee Bhd, acting on behalf of Hektar REIT, has entered into an agreement with Wan Realty Sdn Bhd and Darul Modal Sdn Bhd for the acquisition, valued at RM26 million, according to a bourse filing on Tuesday.
Officer-in-charge and chief financial officer Hafizuddin Sulaiman said its plans with Logos to develop an up to 360 megawatt data centre in Gerbang Nusajaya fell through due to changes in Logos’ ownership and business direction.
Officer-in-charge and chief financial officer Hafizuddin Sulaiman: “We had anticipated the potential impact and have already accounted for SST implications in our ongoing construction contracts.
Taman Midah, Kuala Lumpur factory sold for RM5.
The project, located at Lot 104295, Jalan Tiara in Taman Mutiara Bukit Jalil, was awarded by Sunway Flora Sdn Bhd.
The latest move is part of the group’s ongoing efforts to maximise the value of its land bank as well as to facilitate the development of the Port Dickson Free Zone (PDFZ).
Biswas said Tuesday’s Court of Appeal decision does not follow the 2009 High Court decision that was upheld by the Court of Appeal and Federal Court—namely that the company "retains beneficial ownership of the land".