PETALING JAYA: UOA Development Bhd
has entered into three conditional sale and purchase agreements with RHB Trustees Bhd for the sale of three properties in Selangor totalling RM200mil.
In a filing with Bursa Malaysia, UOA Development said the properties are UOA Business Park Tower 2A (for a consideration of RM55.7mil), UOA Business Park Tower 2B (RM54.8mil) and the UOA Business Park (UBP) Car Park (RM89.5mil).
“The conditional sales entail the sale of two blocks of 13-storey boutique offices known as Tower 2A and Tower 2B together with 3,101 car park bays located within six levels of car park.”
“The proceeds from Tower 2A Sale and Tower 2B sale will be utilised towards development of a commercial building on the piece of land adjacent to UBP, reduction of debts and working capital.”
Barring any unforeseen circumstances, UOA Development said the conditional sales are expected to be completed in the fourth quarter of 2025.
