The development of 93 Great Titchfield Street, London (75% stake, gross development value [GDV] of £11 million [RM57.59]) is expected to be completed by September 2018
Net profit for the first half of financial year 2018 (1HFY18) rose to RM402 million…
At present, Titijaya has five ongoing projects.
Kimlun’s construction and manufacturing order backlogs are at RM2 billion and RM421 million respectively.
AEON will have to vacate the property, pay WCT damages calculated from Nov 23, 2017 to the date of vacant possession, as well as the RM10,000 legal cost.
Titijaya intends to develop a residential project with some commercial elements.
Management has advised that the 2019 maturities will be refinanced to smoothen the repayment profile.