Tower REIT proposes purchase of Menara Guoco for RM242.1mil


KUALA LUMPUR: Tower Real Estate Investment Trust (REIT) has entered into a conditional sale and purchase agreement with Guocoland (Malaysia) Bhd's indirect subsidiary DC Offices Sdn Bhd for the proposed acquisition of an office building for RM242.1mil cash.

The acquisition target, Menara Guoco, is a 19-storey office building that forms part of the Damansara City integrated commercial development in Damansara Heights, Kuala Lumpur.

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