DRealty in MoU to develop land with Country Garden

New landmark: Country Garden has three major projects in Malaysia including in Danga Bay that was launched in 2013.

PETALING JAYA: Construction and property development company Damansara Realty Bhd (DRealty) has entered into a non-binding memorandum of understanding (MoU) with Country Garden Real Estate Sdn Bhd, a unit of Guangzhou-based Country Garden Holdings Co Ltd, to jointly develop a portion of land in Tebrau, Johor Baru.

The venture will be undertaken via a special-purpose vehicle company incorporated under Malaysian laws.