Gamuda acquires land adjacent to Gamuda Gardens in RM360mil deal

KUALA LUMPUR: Gamuda Bhd via its wholly owned subsidiary Gamuda Land Sdn Bhd inked a deal with Kundang Properties Sdn Bhd to acquire eight parcels of freehold land measuring about 532 acres next to its Gamuda Gardens development in Gombak, Selangor, for RM360mil.

The group said the land is slated to be the site of a mixed-development project with a gross development value of about RM3.3bil, scheduled for launch in 2026.