KUALA LUMPUR: IGB Group Bhd’s Tan & Tan Developments Bhd is teaming up with Mitsubishi Jisho Residence (MJR) to build a block of 41-storey serviced apartment of 400 units along Jalan Stonor with a gross development value of RM617mil.
IGB said on Tuesday Tan & Tan and MJR’s unit MJR Investment Pte Ltd (MJRI) had inked a subscription and shareholders agreement where they would subscribe in the shares of a JV company to Cipta Klasik (M) Sdn Bhd.
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