Daiman unit wins bid to buy land

PETALING JAYA: Daiman Development Bhd's unit Daiman Properties Sdn Bhd has succeeded in its bid to buy the Menara Landmark in Johor for RM55mil.

It told Bursa Malaysia yesterday that Daiman Properties had put in the bid to acquire the property in a public auction at a reserve price of RM55mil. The acquisition would be financed from its own funds.

The group said the building had 171,097 sq ft of retail complex, 163,339 sq ft of office tower, a car park area for 673 cars and 471 bays for motorcycles (estimated built-up area of 290,170 sq ft).

By The Star