Mitsui Fudosan (Asia) Malaysia Sdn Bhd and BBCC Development Sdn Bhd have formed a JV to buy a RM242mil serviced residence block in the Bukit Bintang City Centre (BBCC) development. Eco World Development Group Bhd is the joint-developer of the BBCC
PETALING JAYA: Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM) and BBCC Development Sdn Bhd (BBCCD) have formed a joint venture (JV) to purchase a serviced residence block in the Bukit Bintang City Centre (BBCC) development for RM242mil.
Eco World Development Group Bhd
, which is jointly developing the BBCC development, said MFAM and BBCCD would hold a 51% and 49% stake respectively in the JV company, which will manage and operate the property including the granting of tenancies of units.
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