MRCB wins deal to buy German Embassy land

MRCB group managing director Tan Sri Mohamad Salim Fateh Din and German ambassador Holger Michael shaking hands after the land deal signing ceremony in Kuala Lumpur.

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) has won the tender for 1.87 acres belonging to the German Embassy along Jalan Kia Peng in the heart of Kuala Lumpur.

The company, which had participated in the tender called by the vendor on Jan 26, said in a statement yesterday that it had paid RM259.16mil, or RM3,188 per sq ft, for the land.