Menara MIDF sold to Singapore-based group — sources

Menara MIDF sold to Singapore-based group — sources
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KUALA LUMPUR (Dec 13): Permodalan Nasional Bhd (PNB) has sold Menara MIDF in Jalan Raja Chulan to Singapore-based JD Hospitality Sdn Bhd, The Edge Malaysia weekly reported in its latest issue.

The weekly said sources told it that the deal “was done at RM140 million or RM875 psf (per square foot)” and “took more than 18 months to complete from the time the building was first put up for sale”.

The only tenant of the 21-storey building currently is PNB's wholly-owned subsidiary Malaysian Industrial Development Finance Bhd which will later relocate to PNB 118 ... (click on link for full story on edgeprop.my).