Zainora has been with CIDB for 26 years and has held various positions, including senior general manager of the technology development sector, CIDB Kuala Lumpur director, and general manager of the business environment and international divisions.
These plots form part of the Nusa Cemerlang Industrial Park, a light and medium industrial development undertaken by Crescendo, covering a total area of 800,413.
OSK Amanjaya Sdn Bhd, a wholly owned subsidiary of OSK Property, is buying the land, located north of Sungai Petani, from Central Kedah Properties Sdn Bhd.
In a bourse filing on Friday, the group said the proceeds raised from the MTN issuance shall be used to refinance MNH Global’s existing financing.
The luxury residences, a joint venture between Eastern & Oriental Bhd and Japanese property developer Mitsui Fudosan, will see the launch of 297 residential units first.
After acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million.
In recent years, the Penang Turf Club has signalled its intent to sell its land, potentially fetching up to RM6 billion.
Pavilion REIT said the acquisitions align with its commitment to deliver premium offerings while capitalising on synergistic opportunities with Pavilion KL mall.
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