Solarvest buys office and retail space for RM48.73mil

KUALA LUMPUR: Solarvest Holdings Bhd has proposed to acquire a four-level office space and a rooftop retail unit with a built-up area of 39,375 sq ft for RM48.73mil cash.

In a filing with Bursa Malaysia, Solarvest said Solarvest Energy Sdn Bhd, a wholly-owned subsidiary of Atlantic Blue Sdn Bhd, which in turn is a wholly-owned subsidiary of the company entered into three separate conditional sales and purchase agreements (SPAs) with BK Alliance Sdn Bhd to acquire 4 levels of office space on Levels 26 to 29 with 200 parking bays and a rooftop retail unit on Level 31 of the Solarvest Tower in Kuala Lumpur.