Mah Sing’s Erica @ Meridin East Phase 3 fully sold
The next phase of Meridin East, Erica West Phase 1 comprising 179 units (with a GDV of approximately RM91 million) is now open for registration of interest.
The next phase of Meridin East, Erica West Phase 1 comprising 179 units (with a GDV of approximately RM91 million) is now open for registration of interest.
Almost 40 years after Battersea Power Station’s lights were switched off, the icon is set to return and become one of London’s most exciting retail and leisure destinations.
The IPO exercise entails an offering of 254.
UMW Group said its unit UMW Development Sdn Bhd inked the deal on Tuesday.
Phase 1 occupies 11.
Its group chief executive officer Jeffrey Chew Sun Teong said that although the lingering economic uncertainties due to higher interest rate and inflation have dented buyer sentiment in general, new property launches planned for the rest of the year extend the group a stronger earnings prospect.
The JV will construct the warehouse according to the tenants’ specifications.
The fully integrated park is built for industrial and logistics operators, as well as small and medium enterprises (SMEs).
Vizione said the proposed acquisition represents an opportunity for the group to expand its property development segment by gaining access to the development rights held by Midlands City on the development land, which consists of three parcels of freehold land in Semenyih, Selangor, with a total size measuring 79,360 sq m.