New high for Dagang NeXchange Bhd
KUALA LUMPUR: Nexgram Holdings Bhd
's joint development project, Angkasa Icon City in Sepang will have a gross development value (GDV) of RM1.15bil.
In a reply to a query from Bursa Malaysia Securities, it said on Wednesday based on the estimation and valuation by the consultatnts, the estimated development cost is between RM600mil and RM650mil.
To recap, its unit Nexgram Land Sdn. Bhd had on May19 inked a joint development agreement with ChinaAsian Capital Holding Ltd to undertake a joint development for a mixed commercial development provisionally known as “Angkasa Icon City”. The land is owned by its unit Nextnation Datacity Sdn. Bhd.
The project will comprise of one block of hotel, one block of small office, virtual office and one block of service suite apartments.
Nexgram said work on the project would depend on the date of approval of the building plans. The proposed completion date is 60 months from the approve development order and building planbs and an extension of 12 months.
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