Putrajaya inks land purchase pact with Shapadu Boulevard

PUTRAJAYA: Putrajaya Holdings Sdn Bhd today signed an agreement with Shapadu Boulevard Sdn Bhd, a member of Shapadu Group of Companies, for the acquisition of Lot 2M9 in Precinct 2 here.

Putrajaya Holdings is the master developer of Putrajaya. Its shareholders include Petroliam Nasional Bhd, with majority stake, and Khazanah Nasional Bhd, the investment arm of the government.

Putrajaya Holdings chief executive officer Datuk Azlan Abdul Karim said they are delighted with Shapadu's moving its headquaters to the core Island of the administrative capital, a superior location with state-of-the-art infrastructure and facilities. 

"We believe the sale and purchase by Shapadu will attract other private sector firms to set up their offices in Putrajaya, it will also contribute in boosting commercial spaces in the administrative capital," he said in his speech before the signing ceremony between Putrajaya Holdings and Shapadu Boulevard on Friday.

Azlan signed on behalf of Putrajaya Holdings while Shapadu Boulevard was represented by Shapadu Group managing director Shafiz Shahrani.

The ceremony was witnessed by Putrajaya Holdings chairman Datuk Ishak Imam Abas.

Also present was Putrajaya Corporation (PPj) President Tan Sri Aseh Che Mat.

Azlan said the signing marks an auspicious beginning for Putrajaya Holdings and a manifestation of growing interest among property investors in the commercial and mixed development of Putrajaya.

Companies that have invested in land in Putrajaya include Lembaga Tabung Haji, Malaysian Resources Corporation Bhd and Zenith Aim Sdn Bhd, he said.

In its effort to boost the commercial development, Putrajaya Holdings welcomes and encourages other business entities to invest and seek commercial opportunities in Putrajaya, Azlan said. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

CPO futures likely to see technical correction next week
Evergrande says six execs redeemed investment products in advance
Infineon opens Austria plant early in chip capacity boost
Indonesia may reopen to tourists from some countries in October
Airbus reaches deal to restructure AirAsia jet order
Oil price falls as storm-hit US supply trickles back into market
World shares fall as markets await Fed meeting, taper timeline
Gadang’s subsidiary bags RM100mil deal
Big sales jump for EcoWorld Malaysia in Q3
The 18th entry

Stories You'll Enjoy