Mitsui takes part in Bukit Bintang City Centre

Mitsui Fudosan (Asia) Malaysia Sdn Bhd and BBCC Development Sdn Bhd have formed a JV to buy a RM242mil serviced residence block in the Bukit Bintang City Centre (BBCC) development. Eco World Development Group Bhd is the joint-developer of the BBCC

PETALING JAYA: Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM) and BBCC Development Sdn Bhd (BBCCD) have formed a joint venture (JV) to purchase a serviced residence block in the Bukit Bintang City Centre (BBCC) development for RM242mil.

Eco World Development Group Bhd, which is jointly developing the BBCC development, said MFAM and BBCCD would hold a 51% and 49% stake respectively in the JV company, which will manage and operate the property including the granting of tenancies of units.