KUALA LUMPUR: Fiamma Holdings Bhd
announced that it had paid RM109.64 million as land premium for a 0.76 hectares (ha) plot of land along Jalan Yap Kwan Seng, Kuala Lumpur, on behalf of its unit Sinaran Urusjuta, which is principally involved in the business of real estate activities.
In a filing with Bursa Malaysia today, Fiamma said that the Federal Territories Director of Lands and Mines Office (land office) had granted alienation land approval following the land premium’s payment.
It said that a mixed development, comprising 20 per cent residential and 80 per cent commercial units, is being planned for the land.
"The land is strategically located in Kuala Lumpur’s dynamic, high-rise city centre with upscale office buildings, fashion malls, luxury hotels, and various amenities and with expansive views from the futuristic Petronas Twin Towers.
"The land is also synergistically located near its existing 0.56 ha land in Jalan Yap Kwan Seng,” it added. - Bernama
