“The building sits on a 2.3 acre (9,482 square meter) piece of land in prime location along Jalan Tun Razak.”
Fitters Diversified to redevelop Plaza Pekeliling into SOHO
Fitters Diversified Bhd will undertake the redevelopment of Plaza Pekeliling along Jalan Tun Razak into a small office-home office concept building.
It said on Wednesday its unit Fitters Building Services Sdn Bhd had signed a sales and purchase agreement with GCP Tower Sdn Bhd to purchase the existing building with 70 parcels of office lots and 363 units of car park bays for RM28.28mil.
The building sits on a 2.3 acre (9,482 square meter) piece of land in prime location along Jalan Tun Razak.
Fitters Diversified managing director Datuk Richard Wong said as a niche developer, the company was pleased to have the opportunity to develop another project in a strategic location.
“Our experience in developing Zetapark City at Setapak comes in handy in this new development, which we hope to create SOHO products for the value discerning consumers,” he said.
The purchase consideration of RM28.28mil will be funded by internally generated funds and/or bank borrowings.
The company said the proposed acquisition would not need the shareholders’ approval.
“However Fitters Building will need to procure the approval of the Economic Planning Unit of the Prime Minister’s Department for the acquisition of the property,” it said.
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