Developer ropes in foreign partner for development of Damansara project

Deja vu: An aerial view of Pusat Bandar Damansara in Kuala Lumpur. Lim succeeds in getting a Canadian pension fund this time around which agrees to invest RM485mil in a JV with Pavilion Group for the Pavilion Damansara Heights project.

PETALING JAYA: In his typical style, Tan Sri Desmond Lim has once again managed to rope in a strategic foreign partner for a large-scale development in Kuala Lumpur.

The low-profile property baron, who owns the Pavilion Group of malls, has managed to partner Canada Pension Plan Investment Board (CPPIB) in a joint venture (JV) for the development of his massive project in Pusat Bandar Damansara (PBD).