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Friday, October 23, 2009

CIMB-Mapletree buys Patimas Computers HQ

CIMB-MAPLETREE Management Sdn Bhd (CMM) has bought Patimas Computers Bhd’s headquarters in Bukit Jalil, Selangor, for RM60 million.

Patimas will continue to lease and utilise the building as its headquarters over a period of 12 years, with an option for an extension.

The property, located within Technology Park Malaysia, comprises a two-storey purposed-built Grade A office building with a gross area of 138,000 sq ft.

This purchase is the fourth commercial property to be acquired by CMREF 1 Sdn Bhd – a Malaysian-focused private closed-end real estate fund that is managed by CMM, a joint-venture between CIMB Group and Mapletree Investments Pte Ltd of Singapore.

By Business Times

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