KUALA LUMPUR: UNITED MALAYAN LAND BHD []'s unit Seri Alam PROPERTIES [] Sdn Bhd is teaming up with Singapore's Raffles Campus Pte Ltd to undertake a RM35 million campus in Iskandar Malaysia.
The MoU, which was signed on Monday, April 18, is to form a joint venture company to build the Raffles International School in Bandar Seri Alam. It will be managed and operated by Raffles as its first campus in Malaysia.
The parties will acquire 15 acres of freehold land within Bandar Seri Alam and develop it into an international school to be tenanted to Raffles''on a long term lease.
'The cost of developing the bare campus and land purchase are estimated to be in the region of RM35 million. The development of the campus will span into two or three phases over a four to five year period, with its projected first student intake by end of 2013,' it said.
The MoU, which was signed on Monday, April 18, is to form a joint venture company to build the Raffles International School in Bandar Seri Alam. It will be managed and operated by Raffles as its first campus in Malaysia.
The parties will acquire 15 acres of freehold land within Bandar Seri Alam and develop it into an international school to be tenanted to Raffles''on a long term lease.
'The cost of developing the bare campus and land purchase are estimated to be in the region of RM35 million. The development of the campus will span into two or three phases over a four to five year period, with its projected first student intake by end of 2013,' it said.
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