Rivertree STF Synergies plans acquisition of Q Centre Management
The proposed deal covers up to 100% of the labour quarters operator, with the price subject to valuation and due diligence.
Rivertree STF Synergies Bhd has signed a heads of agreement (HOA) for a proposed purchase of up to 100% of Q Centre Management Sdn Bhd (QCMSB), according to a company statement. The property developer and construction service provider also proposes to add centralised labour quarters (CLQ) management and operations to its principal activities.
The acquisition price has yet to be set and will depend on an independent valuation and due diligence covering QCMSB and its subsidiaries. The HOA provides for exclusive negotiations between the parties, with definitive agreements to be finalised within six months.
QCMSB operates the Q Centre brand and manages more than 3,000 beds at five locations in the Klang Valley, the company said. Established in 2022, its business includes accommodation, management services and property letting. Its operational services cover facilities maintenance, tenant administration, compliance, security, housekeeping and transport coordination.
A separate HOA dated March 3, 2026, involving Catenary Capital Sdn Bhd and RSSB Builders Sdn Bhd envisages up to four Klang Valley CLQs providing 28,800 beds, with QCMSB as operator. RSSB Builders is constructing the first facility, Q Centre @ Teratai in Meru, Klang, which will have 9,000 beds.
RSSB executive director Datuk Simon David Leong said the proposed CLQ business would complement the group's construction and property development activities. He said it would allow the group to provide services spanning design and long-term operations while generating recurring income.
