UOA Development Bhd, through its wholly-owned unit Lencana Harapan Sdn Bhd, has proposed to sell a 13-storey boutique office building to Lembaga Tabung Haji (Malaysian Hajj pilgrims fund board) for RM102.2 million.
The one year old structure located at – Tower 6 Avenue 5, Horizon Phase 2, Bangsar South, and Kuala Lumpur – comes with a gross floor area of 146,000 sq ft and a purchase price of around RM700 psf.
“The current book value is RM75 million. The proposed disposal is expected to generate an estimated gain on disposal of approximately RM20.86 million,” said UOA, adding that Lembaga Tabung Haji has accepted the proposed sale.
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