KUALA LUMPUR: Citaglobal Bhd
's indirect wholly-owned subsidiary Sinergi Dayang Sdn Bhd is acquiring a 6,410 sqm parcel of leasehold land in Kuala Lumpur from Bank Islam Malaysia Bhd for RM73mil.
In a bourse filing, Citaglobal said the land's strategic location, high visibility and excellent accessibility as well as strong connectivity to public transport infrastructure make it a highly desirable address in KL.
"Given the increasing scarcity of sizeable, well-positioned commercial land in the city, the board is confident that this acquisition presents a strategic opportunity for long-term value creation and growth," it added.
