KUALA LUMPUR (March 28): Syarikat Prasarana Negara Bhd has picked a local developer as its partner to develop a high rise mixed use real estate project over the existing Dang Wangi light rapid transit (LRT) station.
Prasarana managing director Datuk Shahril Mokhtar said on Wednesday the plans were to develop a project comprising office and residential PROPERTIES [] with an estimated gross development value of RM200 million.
Shahril was speaking after SPNB inked a memorandum of understanding with the Malaysian Anti-Corruption Commission.
Shahril did not disclose the name of the partner but said an announcement would be made soon following the close of a recent tender exercise to seek proposals.
The Dang Wangi station will be Prasarana's first real estate development site to unlock value from its land and help diversify its revenue stream.
Prasarana managing director Datuk Shahril Mokhtar said on Wednesday the plans were to develop a project comprising office and residential PROPERTIES [] with an estimated gross development value of RM200 million.
Shahril was speaking after SPNB inked a memorandum of understanding with the Malaysian Anti-Corruption Commission.
Shahril did not disclose the name of the partner but said an announcement would be made soon following the close of a recent tender exercise to seek proposals.
The Dang Wangi station will be Prasarana's first real estate development site to unlock value from its land and help diversify its revenue stream.
