Bandar Raya takes over

Posted on | July 9, 2010

By BUSINESS TIMES


BANDAR Raya Developments Bhd (BRDB) will replace Dubai’s Limitless Holdings Pte Ltd as UEM Land Bhd’s majority partner in the “Residential North” of the Puteri Harbour Development in Nusajaya, Johor.

BRDB will buy Limitless’ 60 per cent stake in Haute Property Sdn Bhd for RM76 million in assumed debt.

Limitless is owned by Limitless LLV, a global master developer based in Dubai.

Haute has the rights to undertake the development of 44.96 ha of land in Nusajaya.

- Johor Nusajaya Development News

You might also like

BRDB takes over as UEM partner By BLOOMBERGBandar Raya Developments Bhd, a Malaysian developer, said it will replace Dubai World’s...

Bandar Raya firm buys Limitless’ 60pc stake in builder By REUTERS PROPERTY developer Bandar Raya Developments Bhd (1473) said its subsidiary has bought 60...

Bandar Raya takes up stake in RM2.3b Johor project By BUSINESS TIMES BANDAR Raya Development Bhd (BRDB) (1473) is buying Limitless Holdings Pte Ltd's...

Dubai World property arm sells off Malaysia stake By THE STAR DUBAI, United Arab Emirates: A property arm of struggling state conglomerate Dubai World...