On October 21st, Geelong announced that on August 26, 2024, the buyer (a company's indirectly wholly-owned subsidiary) entered into a letter of intent with the seller, whereby the seller agreed to sell, and the buyer agreed to purchase the property at a total price of 9,000,000 Malaysian Ringgit.
The property is located at No. 14 and No. 16, Jalan Kilang Midah Taman Midah Jalan Budiman, Kuala Lumpur (postcode: 56000) with a total land area of 25,000 square feet. The property is a warehouse and is currently fully leased out.