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Aspen unit to acquire 3 industrial plots in Selangor for $62.4 mil

Property

Aspen unit to acquire 3 industrial plots in Selangor for $62.4 mil

Stanislaus Jude Chan Published on Thu, Nov 30, 2017 / 3:28 PM GMT+8

A-

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SINGAPORE (Nov 30): Aspen Group’s associated company Global Vision Logistics (GVL) has entered into a sale and purchase agreement to acquire three plots of leasehold industrial land for a total of RM 190 million ($62.4 million).

Aspen’s wholly-owned subsidiary, Aspen Vision Properties, owns a 30% stake in GVL.

Located in Shah Alam, Selangor, the three plots span a total of 287,153 sqm, which is ready for immediate development.

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