The 36-month job is targeted to start on April 23 this year, to be completed by April 22, 2021.
The development is a new residential enclave covering a commercial and five residential projects on a 30.56-acre land in Nilai.
Will continue to strengthen the REIT’s performance by improving customers’ and shoppers’ experience in both Mid Valley Megamall and The Gardens Mall.
On the REIT's prospect, manager Sunway REIT Management Sdn Bhd said it is committed to distribute 100% of its distributable net income for FY18.
"The divestment plan will enable Enra to monetise its investment in LZSB..."
“The property development and property investment business segment reported lower revenue due to lower occupancy rates and lower jetty income."
The property development and the property investment and management segments contributed 10% and 7% respectively to the group's revenue.