E&O, Mitsui Fudosan to develop luxury residences in Damansara Heights

E&O’s managing director Kok Tuck Cheong: “This is an extension of our earlier successful collaborations on The Mews & Conlay, two noteworthy luxury apartments in Kuala Lumpur City Centre.”

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) and Japan's largest property developer Mitsui Fudosan Co., Ltd are teaming up to build luxury residences in Damansara Heights here.

E&O announced to Bursa Malaysia on Tuesday its indirect unit KCB Holdings Sdn Bhd (KCBH) and Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM), which is also an indirect unit of Mitsui Fudosan would be involved in the joint venture. KCBH will hold a 51% stake in the new JV company and MFAM the remaining 49% in the JV.