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Thursday, March 8, 2012

OSK unit buying land for RM45.4mil

KUALA LUMPUR: OSK Property Holdings Bhd, via its wholly-owned subsidiary, Potensi Rajawali Sdn Bhd, has proposed to buy two parcels of industrial land totalling 13.73 acres from Perniagaan Sri Mujur Maju Sdn Bhd for RM45.4mil.

According to the company's filing with Bursa Malaysia yesterday, the Shah Alam land was in an established industrial area occupied by large warehouses and factories known as Taman Perindustrian Subang Utama.

“The land has been approved with development order for 16 units of semi-detached factories with land sizes and built up ranging from 17,900 sq ft to 50,800 sq ft and 14,896 sq ft to 60,076 sq ft respectively. Based on preliminary plans and subject to approval from the relevant authorities, OSK Property proposes to revise and enhance the development plan by offering smaller industrial units to increase affordability and saleability,” it said.

By The Star

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