Thursday 29 March 2012

Crest Builder –Detik Utuh JV to undertake RM220 million mixed development

KUALA LUMPUR (March 29) : CREST BUILDER HOLDINGS BHD [] and joint venture partner Detik Utuh Sdn Bhd will undertake a RM220 million mixed development in collaboration with landowner Syarikat Prasarana Negara Bhd.

In a statement to the exchange on Thursday, Crest Builder said the project will be undertaken on a 2.72 acre (1.1 ha) tract near the Dang Wangi light rail transit station here.

“The proposed development is a mixed commercial development which comprises a retail mall, upscale premium serviced residential suites, hotel and offices,” Crest Builder said.

Crest Builder and Detik Utuh have received the letter of acceptance for the project from Prasarana on Thursday.



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