Crescendo Corporations Berhad informed that its wholly-owned subsidiary, Panoramic Industrial Development Sdn. Bhd.
has entered into a conditional Sale and Purchase Agreement with Microsoft Payments (Malaysia) Sdn. Bhd., for the
disposal of land in Johor Bahru for approximately RM132.4 million.
The land measures 102,558.3 square meters or 1,103,927.3 sqf and has been disposed for RM120.00 per square foo. Crescenndo said the and is strategically located within a prime and mature industrial estate in Mukim of Pulai, District of Johor Bahru, and surrounded by a mixture of residential, commercial and industrial developments.
It also said the land can only be used for a medium industry area for the purposes of data centre and other uses in relation
thereto, constructed in accordance with the plans approved by the authority.
