IJM Land, Singapore's Perennial Real Estate in RM3b waterfront devt in Penang


KUALA LUMPUR: IJM Land Bhd has teamed up with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop RM3 billion freehold waterfront site in Penang.

IJM Land said both entities will each have an effective 50 per cent interest in the joint-venture (JV) company, Aura Hebat Sdn Bhd. 

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