Mulpha buys land in Australia to develop residential project
The group intends to develop the property into 63 residential land lots with a projected gross development value of A$150 million.
The group intends to develop the property into 63 residential land lots with a projected gross development value of A$150 million.
The River of Life programme, which aims to rehabilitate and beautify the Klang and Gombak rivers in the Klang Valley, has three main components namely clean up, beautification and landscaping.
This acquisition brings CLMT’s portfolio to 11 properties, increasing the proportion of logistics and industrial assets to 6% from 3% of its total portfolio under management.
The industrial park is estimated to have a gross development value (GDV) of between RM321 million and RM397 million, according to Citaglobal.
As of Nov 5, the company's issued share capital stood at RM961.
“It was also RM179 million higher than a previously cancelled direct deal.
According to CapitaLand Malaysia Trust, Yong has more than 28 years of experience in banking including project financing, consultancy and real estate industry including fund management for real estate.
According to SFI, the land acquisitions by the Sabah government and its conduct post-acquisitions are contrary to public purpose.