KUALA LUMPUR (April 10): Master developer Ekovest Bhd gained 2.21% this morning on news that the company has acquired two parcels of land in Setapak last Friday for its mix commercial development project EkoQuay.
At 10.04am, Ekovest rose 3 sen to RM1.39, with 1.09 million shares traded.
The company said the plots, with a total cost of RM26.77 million, will make up a 2.75-acre land needed to develop EkoQuay, which will commence construction in 2018.
The acquisition is expected to be financed via internally generated funds and borrowings in the proportion of 30% to 70% respectively, it added. — theedgemarkets.com
For more stories, download TheEdgeProperty.com pullout here for free.
TOP PICKS BY EDGEPROP
Nilai Utama Enterprise Park
Nilai, Negeri Sembilan
Bayan Lepas Industrial Park
Bayan Lepas, Penang
Taming Jaya Industrial Park
Balakong, Selangor
Cipta Industrial Park @ Serenia City
Sepang, Selangor
Pinggiran Bayu, Seremban, Negeri Sembilan
Seremban, Negeri Sembilan