Patimas will continue to lease and utilise the building as its headquarters over a period of 12 years, with an option for an extension.
The property, located within Technology Park Malaysia, comprises a two-storey purposed-built Grade A office building with a gross area of 138,000 sq ft.
This purchase is the fourth commercial property to be acquired by CMREF 1 Sdn Bhd – a Malaysian-focused private closed-end real estate fund that is managed by CMM, a joint-venture between CIMB Group and Mapletree Investments Pte Ltd of Singapore.
By Business Times
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