PUTRAJAYA: Sunway Real Estate Investment Trust (Sunreit) has been declared the rightful owner of Putra Place by the Court of Appeal, allowing it to take possession of the property.
Following the decision, it is understood that Sunreit intends to take possession of the property today.
The auction of Putra Place - which houses The Mall, an office complex and the Legend Hotel - had been in dispute since OSK Trustee Bhd was declared the winner of the bid on March 30 this year at RM513.95 million.
Commerce International Merchant Bankers Bhd had put the property up for auction to recover loans given to owner Metroplex Holdings Sdn Bhd. But Metroplex claimed that …