Glomac buys land in Cyberjaya Flagship Zone

KUALA LUMPUR: Glomac Bhd subsidiary Glomac Jaya Sdn Bhd is buying a 3.29-hectare parcel of freehold land, which forms part of Cyberjaya Flagship Zone, in Sepang for RM21.24 million.

In a statement yesterday, Glomac said Glomac Jaya had signed a sale and purchase agreement on Jan 18 with the land owner, Cyberview Sdn Bhd, and the developer, Setia Haruman Sdn Bhd, for the proposed acquisition.

Glomac said it would finance the acquisition via internal funds and bank borrowings. It said the lot had immediate development potential due to its strategic location in the Cyberjaya Enterprise Zone.

“Fronting the main road, the lot shares its neighbourhood with other prestigious buildings such as HSBC, IBM, DHL, BMW, Ericsson, NTT, Fujitsu and MDeC HQ.

“It is situated within a stone’s throw away from the Multimedia University and is adjacent to Putrajaya. The surrounding area is a popular address for international IT companies and local MSC status companies,” it said.

By The EDGE MALAYSIA