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Sunsuria Sells Sepang Land to Amazon Unit for RM316.84m

Guavy AI Editorial Team
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AMZN
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Sunsuria Bhd, a property developer, is selling a freehold commercial land in Sepang, Selangor to Amazon Data Services Malaysia Sdn Bhd for RM316.84 million cash.

The plot of land measures 183,973 square meters and was valued at RM307 million as of August 28 by independent valuer CBRE WTW Valuation & Advisory Sdn Bhd.

This represents a 3.2% premium over the appraised market value. Sunsuria acquired the land in June 2015 for an investment cost of RM145.97 million.

The sale is expected to yield a one-off net gain of RM50.34 million and boost Sunsuria's net assets per share to RM1.26 from RM1.20.

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