UEM Sunrise to sell land in Iskandar Puteri for RM434.3m | Malay Mail

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KUALA LUMPUR, Oct 9 ― UEM Sunrise Bhd is disposing of its 72 freehold industrial plots in Iskandar Puteri, Johor for RM434.3 million to AME Elite Consortium Bhd. In a Bursa Malaysia filing today, the property developer said this will allow the plots, measuring 68.71 hectares in Phase 3, Southern...

In a Bursa Malaysia filing today, the property developer said this will allow the plots, measuring 68.71 hectares in Phase 3, Southern Industrial and Logistics Clusters , to be monetised at a quicker rate as compared to individual plots sale. ― Picture by Hari Anggara

In a Bursa Malaysia filing today, the property developer said this will allow the plots, measuring 68.71 hectares in Phase 3, Southern Industrial and Logistics Clusters , to be monetised at a quicker rate as compared to individual plots sale. The property developer added that it would partner with AME to develop the area into an integrated industrial park development.

 

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