Putra Place finally sold for RM514m
The auction, held yesterday, is believed to be the largest public auction in Malaysia.
Sources said OSK Trustee may have bought the property on behalf of one of the real estate investment trusts (REIT).
Among OSK's clients, speculation is that Sunway REIT is the buyer. Sunway REIT's chief executive officer Datuk Jeffrey Ng Tiong Lip did not answer calls from Business Times.
This move is not surprising as Sunway REIT manages malls, hotels and offices. Putra Place encompasses The Mall shopping complex, the Legend Hotel and an office tower.