L&G Group to jointly develop Ampang freehold land
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L&G Group to jointly develop Ampang freehold land
Property developer enters joint venture agreement to develop serviced residences
Nov 04, 2009
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Synergy Score Sdn Bhd, a wholly-owned subsidiary of L&G Berhad has entered into a joint venture agreement with Forward Splendour Sdn Bhd to jointly govern a joint venture company, Elite Forward Sdn Bhd, to develop 10,546.774 sq m of freehold land.
The said land located in Ampang, Kuala Lumpur is to be acquired from Sazean Holdings Sdn Bhd for a total cash consideration of RM55 million. The new joint venture company has plans to develop high end serviced apartments on the freehold land.
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Related Categories: Daily Property News and Updates
Tags: L&G Berhad
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