Tropicana to sell Tropicana Gardens Mall to IOI Properties for RM680mil

The centre court of Tropicana Gardens Mall

KUALA LUMPUR: Tropicana Corp Bhd has signed a sale and purchase agreement (SPA) with IOI Mall Damansara Sdn Bhd (IOI MD) for the sale of Tropicana Gardens Mall for RM680mil.

In a statement, Tropicana said its indirect 70%-owned subsidiary, Tropicana Indah Sdn Bhd (TISB) signed the SPA with IOI MD, a wholly-owned subsidiary of IOI Properties Group Bhd (IOIPG) for the disposal.