KUALA LUMPUR: Radium Development Bhd
through its indirect wholly-owned subsidiary Radium J Velodrome Sdn Bhd, has entered into a conditional sale and purchase agreement to acquire three parcels of contiguous leasehold land in Cheras for RM458 million.
In a statement today, Radium said the 5.26 hectares (ha) acquisition is a key step in its expansion strategy, significantly boosting its landbank in Kuala Lumpur by over 60 per cent, from 8.40 ha to approximately 13.75 ha.
