1MDB Real Estate to work with group to develop Bandar Malaysia

An artist's impression of Bandar Malaysia.

KUALA LUMPUR: 1MDB Real Estate Sdn Bhd (1MDB RE)will work with one or a few consortium to develop the 486-acre Bandar Malaysia, said C.H. Williams Talhar & Wong, its transaction advisor in a press briefing. 

The property consultancy's deputy managing director Danny Yeo said 1MDB RE is open to discussion at this point in time. C.H. Williams is inviting expressions of interest from parties who will work with 1MDB on an equity basis.