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Pavilion’s Desmond Lim eyes Subang Skypark, say sources



By EDGEPROP.MY
Mon, 19 Feb 2018
12:43 pm

PETALING JAYA (Feb 19): Property magnate Tan Sri Desmond Lim is allegedly planning to buy a 60% stake in Subang Skypark Sdn Bhd from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with intentions to redevelop the land surrounding Sultan Abdul Aziz Shah Airport in Subang, where the company has a long sub-lease concession agreement with Malaysia Airports Holdings Bhd (MAHB) to operate its city airport terminal and integrated commercial and business aviation hub, reported The Edge weekly.

While the size of the landbank surrounding the airport is unknown, MAHB’s annual report states it has a 60-year right of occupation that expires in 2066, and the airport rests on 1,122 acres.
https://www.edgeprop.my/content/1285453/pavilion’s-desmond-lim-eyes-subang-skypark-say-sources
 
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