New post on AMD website states that the company has reached an agreement with the trustee of the investment fund Sabana Shari'ah Compliant Industrial Real Estate Investment Trust on the sale and subsequent lease an office building in Singapore, the local unit occupied by CPU manufacturer. In this country the company came in 1984, but in 2012 the corresponding body has been redeveloped from the production to the engineering center, which employs about 500 specialists.
During the sale of the building AMD expects to gain about $ 46 million division of the company will retain activity profile, the new owner of the building has been entered into a lease for a term of ten years. Such deals allow the company to free up some money and get rid of the building maintenance , but then they turn into regular rental costs. Related Products :
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