Malaysia Pacific to sell part of Wisma MPL

PETALING JAYA: Malaysia Pacific Corp Bhd (MPC) has signed a memorandum of understanding (MoU) to dispose of part of Wisma MPL, which it owns, to Singapore property investment company Terra Pontus Ptd Ltd, for RM250 million.
The property is a 23-storey office complex, comprising a 19-storey office tower over a four-storey retail podium block, together with a two-level basement car park. MPC has sold some of the units in Wisma MPL and it does not form part of the MoU.
A due diligence exercise has been conducted by Terra Pontus, and a binding sale and purchase agreement between the two parties is to be signed within two months.