PETALING JAYA: IJM Land Bhd has entered into a strategic partnership with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop a 32.76-acre freehold waterfront land in Gelugor, Penang, into a large-scale integrated mixed-use development.
To be completed in phases starting from 2018, the total development cost for the project is estimated to be over RM3bil, IJM Land said in a statement.
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