KUALA LUMPUR: Melati Ehsan Holdings Bhd
’s wholly-owned subsidiary, Bayu Melati Sdn Bhd, has entered a joint venture agreement with PKNS Holdings Sdn Bhd to undertake a mixed commercial development with gross sales value of RM1.62bil.
The projected gross costs value of the development is about RM1.07bil but Bayu Melati may propose improvements to the building and layout plans, design and building works on the 75,473sq m freehold commercial land in Kelana Jaya, currently with a sport complex known as “Kompleks Sukan PKNS”.
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