Petaling Jaya Section 13 Dutch Lady Disposed its Land

Dutch Lady Industries Berhad has disposed 3 parcels of leasehold industrial land erected with buildings located at Seksyen 13, Petaling Jaya for a consideration of RM200M (RM462 psf) on 10 March 2021.

The 3 parcels of land identfied as Lot 78 (3.33 acres),79 (1.70 acres)  & 48 (4.90 acres), Section 13, Petaling Jaya, totaling about 9.93 acres with an unexpired term of 38-years interested erected with buildings. The lands habe been re-zoned for mixed commercial development designated for service apartments, purpose-built offices, hotels and other commercial developments.

The use of the gross cash proceeds of RM200 million will be reviewed and determined by the board by the end 2021, and may be utilised to finance the construction of its manufacturing facilities in Bandar Enstek.

DLMI has completed the purchase of three parcels of freehold industrial land in Bandar Baru Enstek, Negri Sembilan, for RM56.79 million cash.

The company will, from 2021, begin constructing manufacturing and warehousing facilities, support facilities and office facilities. It is planned for construction of the new facilities to be completed in three years.