The project, located 500m from the SS15 LRT station, enjoys close proximity to major facilities within a 5km radius including Subang Medical Centre, the Sunway Pyramid shopping mall, Subang Parade, and NU Empire.
The prime lifestyle hub, along with its premium office and residential segments, has been viewed to further enhance the value of properties in the affluent address.
Mida said that the upgrade is expected to increase Scanfil’s production capacity by nearly 50% and supports the group’s broader Asia-Pacific operations, which also include facilities in Melbourne, Australia.
“The redemption of sukuk reflects Tropicana Corp's prudent financial management and commitment to fulfilling its obligations to investors.
Park Place was newly completed just last year.
The development will comprise two blocks—Anjung A, a 30-storey tower with 233 units, and Anjung B, a 32-storey tower with 247 units—both sitting atop an eight-level podium housing car parks (from basement level five to level two), resident facilities on the ground and third floors, and an additional sub-basement level.
With the sale, Hextar Global said the group plans to focus on operating durian collection centres instead, where various sellers can supply the fruit to the group.
The deal comes as the company racked up more than RM252 million of cash and cash equivalents as at the end of June.
This is the third collaboration between i-Bhd and Wyndham, following the success of Wyndham Suites KLCC and Wyndham Garden i-City.
This sale gives the Malaysian developer full ownership over the South Beach mixed-used development, which includes South Beach Tower, South Beach Avenue, and the JW Marriott Hotel Singapore South Beach.
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