L&G plans joint development


L&G said SVSB, PVSB and PSSB would hold 30%, 30% and 40% equity interest in Pacific Parkland, respectively. (File pic L&G's logo)

KUALA LUMPUR: Land & General Bhd (L&G) is planning a joint property development project with an estimated gross development value of RM733.5mil on 3.47ha in Ulu Langat, Selangor.

Its unit, Success View Sdn Bhd (SVSB), yesterday inked a joint venture and shareholders’ agreement with two parties –Positive Valley Sdn Bhd (PVSB) and Pacific Skyland Sdn Bhd (PSSB) – to acquire and develop the land via Pacific Parkland Sdn Bhd as the joint-venture company.

L&G said SVSB, PVSB and PSSB would hold 30%, 30% and 40% equity interest in Pacific Parkland, respectively. — Bernama

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