KUALA LUMPUR (March 29): UNITED MALAYAN LAND BHD [] (UMLand) is in talks with Iskandar Investment Bhd over the former’s proposed investment in Medini, Iskandar Malaysia.
UM Land said on Thursday it had entered into a collaboration agreement with Iskandar Investment to negotiate its proposed investment.
Medini is within the Nusajaya development zone, one of the five flagship development of Iskandar Malaysia, the country's engine of growth in the southern region.
Medini, which covers 2,230 acres, is one of Nusajaya’s eight catalyst developments in addition to Johor State New Administration Centre, Puteri Harbour, Southern Industrial and Logistic Cluster, Afiat Healthpark, EduCity, International Destination Resort and Nusajaya Residences.
Iskandar Investment president and CEO Datuk Syed Mohamed Syed Ibrahim said Medini Iskandar was set to be Nusajaya’s central business district.
“The proposed investment by UMLand, which is one of the renowned property developers in the local real estate industry, does not only reflect the attractiveness of Medini as an investment hot spot but will add a new dimension to the vibrancy of the lifestyle development,” he said.
UM Land said on Thursday it had entered into a collaboration agreement with Iskandar Investment to negotiate its proposed investment.
Medini is within the Nusajaya development zone, one of the five flagship development of Iskandar Malaysia, the country's engine of growth in the southern region.
Medini, which covers 2,230 acres, is one of Nusajaya’s eight catalyst developments in addition to Johor State New Administration Centre, Puteri Harbour, Southern Industrial and Logistic Cluster, Afiat Healthpark, EduCity, International Destination Resort and Nusajaya Residences.
Iskandar Investment president and CEO Datuk Syed Mohamed Syed Ibrahim said Medini Iskandar was set to be Nusajaya’s central business district.
“The proposed investment by UMLand, which is one of the renowned property developers in the local real estate industry, does not only reflect the attractiveness of Medini as an investment hot spot but will add a new dimension to the vibrancy of the lifestyle development,” he said.
