Serba Dinamik Sdn Bhd entered into an MoA with Izin Budi Sdn Bhd to develop industrial and commercial projects on a 15.87-acre land parcel in Pengerang.
The project has a total gross development value (GDV) of RM144.48 million, on the back of gross development cost of RM126.88 million.
It is buying Pavilion Elite Mall from Urusharta (KL) Sdn Bhd, whose ultimate shareholders are Tan Sri Lim Siew Choon and Qatar Holdings LLC — both major stakeholders in PavREIT.
Looking ahead, Gadang said its construction division has an order book of RM1.5 billion, with RM136.2 million in unbilled sales for its property division.
PRG can focus its financial resources on the RM5 billion gross development value affordable housing projects it plans to undertake with Syarikat Perumahan Negara Bhd.
Amcorp Properties Bhd (AmProp) announced today that it has mutually extended validity of its 50:50 0real estate joint venture (JV) in Spain with Grosvenor Group Ltd to nine years, from five previously.
Tiger Synergy said the proposed JV allows it to expand the operation of its property segment and to complement the company’s existing business activities.