Bandar Raya expands land bank

Posted on | January 14, 2008

By THE STAR

Bandar Raya Developments Bhd (BRDB) has expanded its land bank in the Klang Valley with the acquisition of 10.1ha of freehold land fronting the Federal Highway in Subang Jaya.

In a statement, BRDB said the RM125.86mil purchase signalled a more aggressive approach by the group to acquire land for development in prime areas.

Chief executive officer Datuk Jagan Sabapathy said the company planned integrated development comprising retail, street retail, designer suites, office suites and apartment blocks.

“The project is expected a total gross development value in excess of RM1.5bil,” he said.

You might also like

Risk profile change for Bandar Raya Developments By THE STAR PETALING JAYA: The proposed sale of Bandar Raya Developments Bhd's (BRDB) investment properties...

Bandar Raya takes over By BUSINESS TIMESBANDAR Raya Developments Bhd (BRDB) will replace Dubai’s Limitless Holdings Pte Ltd...

Bandar Raya chairman offers to buy 3 properties from group By BUSINESS TIMES KUALA LUMPUR: Datuk Mohamed Moiz Jabir Mohamed Ali Moiz, chairman of Bandar Raya...

Bandar Raya accepts offerBandar Raya accepts offer By BUSINESS TIMES Upon completion of the RM914 million deal, BRDB is also proposing to pay RM390.12...