Sime Darby Property head of property 1 Zulkifli Tahmali (left) exchanging documents with E&O deputy managing director Eric Chan Kok Leong. With them are (from left) Wahab Maskan, Sime Darby president and group chief executive Tan Sri Mohd Bakke Salleh and Tham.
PETALING JAYA: Property developer Eastern & Oriental Bhd
(E&O) is acquiring 55ha of freehold land in Elmina West, part of the City of Elmina, from Sime Darby Property Bhd, the unlisted property arm of Sime Darby Bhd, in a deal worth RM239.8mil.
The deal would see E&O develop the land into a “wellness and livable city” with an estimated baseline gross development value (GDV) of RM1.5bil.
