OCR Group inks JV agreement for residential development in Rawang
OCR said that under the joint-venture (JV) agreement, the landowner, Lecca Properties (M) Sdn Bhd, stands to gain RM45 million for partnering with the developer.
OCR said that under the joint-venture (JV) agreement, the landowner, Lecca Properties (M) Sdn Bhd, stands to gain RM45 million for partnering with the developer.
M Azura will be accessible via Jalan Genting Kelang, the Middle Ring Road 2, Duke Expressway and Jalan Tun Razak.
DONE DEAL: Office, Megan Avenue 1, Jalan Tun Razak, Kuala Lumpur DONE DEAL: Serviced residence, Tropicana The Residences, Jalan Ampang, Kuala Lumpur Southeast of KLCC, in between Ampang and Kajang, is Cheras.
eolane chose Kulim Hi-Tech Park in Kedah because “the state has the right infrastructure, talent, and capabilities to meet the demands of the manufacturing industry,” said chief executive officer Olivier Clement.
The contract period is 42 months from May 2, according to Crest Builder in a filing with Bursa Malaysia on Tuesday.
The builder-cum-property developer said the EPU had on Monday rejected its proposed acquisition as it did not meet the 30% Bumiputera equity ownership requirement.
In the KL fringe market, there was also slight improvement in vacancy rate, decreasing from 7.
Under the agreement, Huawei will serve as the technology advisor, while JJ-LAPP will be the authorised value-added partner to promote and sell the smart PV solutions across residential as well as commercial and industrial (C&I) sectors.
The proposed IC Design Park, poised to begin operations by July 2024, has already secured the commitment of four partner companies, including ARM Ltd, Phison Malaysia, SkyeChip Sdn Bhd and Shenzhen Semiconductor Industry Association.
Pekan Sentral is the commercial component of Pekan Nenas Industrial Park, an on-going project developed by Paragon Bizhub — the wholly owned subsidiary of Paragon Globe.