Tuesday, September 7, 2010

Bina Puri to take 80% stake in RM500m Medini project

KUALA LUMPUR: BINA PURI HOLDINGS BHD [] is teaming up with Medini Land Sdn Bhd to develop 1.048 million sq ft gross floor area in Medini North, the first phase of Medini Iskandar Malaysia.

'The development will have a gross development value of approximately RM500 million upon completion of the two-phase development in Johor,' it said.

Bina Puri will have an 80% stake in the development of the project which is expected to be completed in 2012.


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