PGF Capital unit acquires land in technology park

Quick Summary:

Main-market listed PGF Capital Bhd’s indirect joint venture company Nexel Development KHTP Sdn Bhd has entered into a sale and purchase agreement to acquire two parcels of freehold land in Kulim Hi-Tech Park, Kedah from Kulim Technology Park Corp Sdn Bhd for RM12.7mil.

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PGF Capital said the acquisition will be for a mixed-use development with a gross development value of RM600mil on the land comprising condominium, hotel, serviced residence and several commercial elements.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: KulimHiTech MixedDevelopment PGFCapital Corporate News NexelDevelopment /Business/Business News LandAcquisition

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 138 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24337422

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