Ecofirst land bank fast expanding

Tiong:

EVEN before small property developer Ecofirst Consolidated Bhd has completed the acquisition of a 62-acre piece of land fronting the Middle Ring Road II at Ulu Kelang from Zurich Insurance (M) Bhd, it now has inked a deal to buy another 25 acres next to the 62-acre parcel.

It will be buying the 25-acre plot from large property player IGB Corp Bhd, which has a market cap of RM3.84bil. Ecofirst has a market capitalisation of a mere RM248mil.