KUALA LUMPUR: Affin Holdings Bhd
’s banking unit, Affin Bank Bhd, will buy 1.25 acres of land in the Tun Razak Exchange (TRX) from 1Malaysia Development Bhd (1MDB) to build its new headquarters.
The price it will pay KLIFD Sdn Bhd, a subsidiary of 1MDB Real Estate Sdn Bhd (1MDB RE), is RM255mil. This works out to about RM4,699 per sq ft (psf) for the land. 1MDB RE is the master developer of TRX and a wholly owned subsidiary of 1MDB.
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