THE former Sinalco and Kickapoo Joy Juice bottling factory site in Petaling Jaya’s Section 13 is believed to have set a new record for industrial land transactions in the area following its sale to a Penang-based property developer.
Singapore-based National Aerated Water Co (KL) Sdn Bhd has disposed of the site to GSD Land (M) Sdn Bhd for RM46 million, according to sources. The deal works out to RM514 psf a new high for industrial land transactions (now zoned for mixed commercial) in the area. Real estate agents say the deal was agreed upon prior to the Covid-19 outbreak.
The bottling plant, which ceased operations over a decade ago, sits on 2.06 acres or 89,560 sq ft of leasehold land. Called Lot 54, it was put up for sale in late 2019 with 41 years remaining on the lease, now reduced to 39 years come April.
Introduction
Hydrogen holds significant promise as an alternative low-carbon
energy source in a range of applications and sectors. Hydrogen is
light, versatile, storable, transportable, and energy dense. At BLG
we advise on the applications of hydrogen in high value sectors
such as transportation, energy and utilities, technology,
agribusiness and infrastructure. We also recognize that the
hydrogen economy will develop uniquely in each industry sector and
geographic region, with available feedstocks, energy inputs,
existing infrastructure and geology influencing each industry and
regional approach.
Blue hydrogen – hydrogen produced from natural gas,
coupled with a carbon capture and storage (CCS) system – has
an advantage in Western Canada, which boasts abundant natural gas
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Of all the questions I am asked about the administration of
estates, the one that comes up the most frequently is what is
probate? If the question is asked by an executor, the next
most frequent question is how do I know if I need
probate? Often clients in their estate planning want to know
the answer to this, too. The third most frequent question is okay, so what s involved in applying for
probate?
Unfortunately, there is a lack of educational materials
available to non-professionals to answer these questions.
STARTING Jan 18, 2021, amendments to the Second Schedule of the Land Titles (Strata) Act (LTSA) to restrict the number of owners a proxy can represent at general meetings for en bloc sales will come into force. Read more at The Business Times.
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Electronic signatures or e-signatures have been in use in Canada
for over two decades. Their use and acceptance have become more
necessary and more widely accepted because of the COVID-19
pandemic, as people have to rely on the use of e-signatures in
situations where they would have previously provided their
signatures in-person.
Currently, in Alberta most commercial agreements can be signed
electronically except where expressly excluded by the parties,
including, but not limited to: (i) sales agreements; (ii) service
agreements; (iii) user manuals; (iv) purchase orders; (v) lease