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MBSB to buy office building for RM239m

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KUALA LUMPUR: Malaysia Building Society Bhd, via its wholly-owned unit Ambang Hartamas Sdn Bhd, plans to buy a proposed office building to be developed for RM239.24 million cash.

The company has entered into a conditional sale and purchase agreement with PJ Sentral Development Sdn Bhd for the proposed acquisition of between 27 to 30 floors of strata office space of a proposed Grade A office building to be developed and identified as Tower 3.

The office building is expected to be used as the group’s new headquarters.

The Tower 3 forms part of the first phase of a proposed mixed development project identified as PJ Sentral Garden City.

By Business Times Online

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20121212235853/Article/