KUALA LUMPUR: UEM Sunrise Bhd’s recent land acquisition in Cheras will increase the developer’s presence in the Klang Valley and sits well with its strategy to expand its exposure in the central region.
The group’s subsidiary, UEM Land Bhd, had entered into a sale and purchase agreement with Accolade Land Sdn Bhd to acquire a parcel of freehold land measuring 6.86 acres in Cheras for a purchase consideration of RM197mil.
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