KUALA LUMPUR: SP Setia Bhd
will build a RM750mil retail mall in Setia City, a commercial hub at flagship township Setia Alam in Shah Alam.
The developer, via subsidiary Bandar Setia Alam Sdn Bhd, yesterday entered into a 50:50 joint venture with Lend Lease Asian Retail Investment Fund 2 Ltd (ARIF) to develop the mall. ARIF is part of Lend Lease Corp Ltd, a multinational property development group.
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