OCR makes first industrial development venture

PETALING JAYA: OCR Group Bhd proposed its first venture into industrial development through the acquisition of a 50% equity interest in OCR Selayang for approximately RM14.1mil to be satisfied by the issuance of 105 million consideration shares.

The integrated property developer said OCR Selayang holds three pieces of freehold industrial lands totalling 600,000 square feet in Selayang, Selangor, of which two pieces will be subdivided into five saleable industrial detached plots.