#New* MRCB undertakes RM2b mixed development

KUALA LUMPUR : Malaysian Resources Corp Bhd (MRCB) is undertaking a RM2.14 billion mixed development within the Kuala Lumpur Sentral enclave. The project known as the "Lot G Integrated Development" on a 29ha (72 acre) site, comprises a retail mall and  hotel, besides three office towers.
 
As part of the initiative, MRCB and Pelaburan Hartanah Bhd (PHB) have formed a 51:4 joint venture to undertake the development of the mall and an associated office tower.

 "We hope this will be the continuation of a long partnership between MRCB and PHB on future projects too," MRCB chairman Tan Sri Azlan Zainol said on Aug 11 at the launch of the retail and the associated office tower portion.

 Construction of Lot G with an intended gross floor area of 2.6 million sq ft, began four months ago and is due for completion by 2012.