L&P Global to sell Kulim industrial property for RM13.9 mil
The property, comprising a double-storey factory and single-storey office, is being sold by its wholly owned subsidiary Berjayapak Sdn Bhd to General Point Asset Sdn Bhd.
The property, comprising a double-storey factory and single-storey office, is being sold by its wholly owned subsidiary Berjayapak Sdn Bhd to General Point Asset Sdn Bhd.
The property developer has agreed to become an anchor investor in TrustCapital Australian Office Fund No 3.
The pharmaceutical group said the purchases will be funded by proceeds raised through its regularisation plan, which is part of the group’s strategy to strengthen its logistics infrastructure and expand distribution capacity across the east coast of Peninsular Malaysia as well as Sabah and Sarawak.
Bukit Damansara, Kuala Lumpur bungalow sold for RM4.
IJM said the contract was awarded by Pearl Computing Malaysia Sdn Bhd, a subsidiary of Raiden APAC Pte Ltd, to its wholly-owned unit IJM Construction Sdn Bhd.
Deputy Housing and Local Government Minister Datuk Aiman Athirah Sabu said the move aims to strengthen the ministry’s ability to act against irresponsible developers while ensuring the protection and welfare of homebuyers affected by abandoned projects.
The two leasehold parcels have a combined area of approximately 17,013 sq m and include two factory buildings which are fully occupied.
Elmina Business Park, Selangor factory rented for RM36k | DONE DEAL Jaya One, Selangor office rented for RM5.
Situated along Jalan Besar in Simpang Renggam, the land is strategically located near the North-South Expressway and surrounded by established residential, commercial and industrial zones.
Commercial activity has become a focal point of Sri Petaling’s transformation—prime stretches are now commanding some of the highest commercial values in the area, while tenants unable to keep up with rising rental rates have sought second-tier premises as alternatives.