SGSH to dispose carpark block for RM13m

PETALING JAYA: KPJ Healthcare Bhd’s 60%-owned subsidiary Selangor Specialist Hospital Sdn Bhd (SGSH) has proposed to dispose of its five-storey carpark block together with a half basement level and an open roof level (building only) in Shah Alam to Amanahraya Trustees Bhd, trustee for Al-’Aqar Healthcare REIT, for RM13 million.
SGSH has entered into a sale and purchase agreement (SPA) with the REIT Trustee for the proposed disposal.
The REIT Trustee is the registered owner of the leasehold land in Section 20, Shah Alam, together with a six-storey hospital building KPJ Selangor Specialist Hospital erected there, which is operated by SGSH.
KPJ said the REIT Trustee gave SGSH the rights to develop and construct the property and a new consultant block on the vacant part of the land, which were completed in 2012 and 2016, respectively.
“The proposed acquisition will only consist of the property (the car park). The new consultant block is proposed to be injected into Al-’Aqar at a future date to be agreed by both parties,” said KPJ.
As a condition to the exercise, SGSH will enter into a lease agreement with the REIT Trustee on behalf of Al-’Aqar, and Damansara REIT Managers Sdn Bhd, being the manager of Al-’Aqar, on the completion date of the SPA.
KPJ closed unchanged at 91 sen, with some 1.9 million shares traded.