Bina Puri Holdings Completes RM73 Mln Credit Financing From MBSB Bank
KUALA LUMPUR, Oct 29 (Bernama) -- Bina Puri Holdings Bhd’s subsidiary, Sumbangan Lagenda Sdn Bhd, has completed the drawdown of its RM73 million credit financing facility from MBSB Bank Bhd.
In a statement today, the construction and property developer said that the financing facility will significantly strengthen Sumbangan Lagenda's financial position as the operator of The Main Place Mall @ USJ 21 in Subang Jaya.
Bina Puri noted that the funding will support the company in meeting working capital requirements, enhancing its offerings, attracting new tenants, and improving shopping experience at the mall.
Originally abandoned and left idle for around 16 years, The Main Place was revived by Bina Puri through Sumbangan Lagenda in an ambitious redevelopment project completed in 2014.
Since then, the mall has achieved a tenancy rate of over 90 per cent.
“The Main Place Mall is a family-oriented shopping complex that forms part of a mixed development that combines residential, leisure, retail, and food and beverage components,” Bina Puri added.
The company also shared that Spectrum International University College, a tenant at The Main Place Mall, recently expanded its space by nearly 20,000 square feet, while new tenants, including popular brands Kids Nation and Bungkus Kaw Kaw, have also opened their branches at the mall.
Overall, Bina Puri is confident that this positive momentum will support sustainable growth for The Main Place Mall.
-- BERNAMA