PETALING JAYA: Nexgram Holdings Bhd has obtained the development order from the Sepang Municipal Council for the RM1.15bil “Angkasa Icon City” project in Cyberjaya, according to a filing with Bursa Malaysia.

Nexgram’s subsidiaries – Nexgram Land Sdn Bhd and Nextnation Datacity Sdn Bhd – had entered into an off-take-cum-sale and purchase agreement with MyAngkasa Bina Sdn Bhd last December.

The agreement would see Nexgram Land undertaking the mixed commercial development project on freehold land held by Nextnation Datacity, measuring 2.39ha.

The Cyberjaya project would be developed by Nextnation Datacity in three phases; with the first phase comprising office and commercial lots, the second phase consisting of shop offices/virtual offices, and the final phase comprising of service suites.

The development would be sold by Nexgram Land and Nextnation Datacity to MyAngkasa Bina, a subsidiary of Angkatan Koperasi Kebangsaan Malaysia Bhd, for RM1.15bil.