<div class=newsTextDataWrapInner><p>KUALA LUMPUR: 1Malaysia Development Bhd’s (1MDB) wholly-owned unit, 1MDB Real Estate Sdn Bhd (1MDB RE), has signed a joint venture (JV) master framework agreement with international property group Lend Lease to develop the Lifestyle Quarter project at Tun Razak Exchange (TRX) here.</p></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, 1MDB said the agreement progresses the key terms of the JV. Both parties will finalise all other legal documentation concerning the JV over the coming months.</p></div>

<div class=newsTextDataWrapInner><p>Under the JV agreement, Lend Lease will be the majority shareholder, while 1MDB RE “will hold a significant stake”.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>1MDB expects the Lifestyle Quarter to attract up to US$1 billion (RM3.24 billion) in foreign direct investments to Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>“We are a step closer to turning our shared vision into reality. The global brand name of Lend Lease that brings along its the team’s experiences for projects of similar magnitude is invaluable to the TRX development,” said 1MDB RE chief executive officer Datuk Azmar Talib.</p></div>

<div class=newsTextDataWrapInner><p>The 17-acre (6.87ha) mixed-use development will comprise a hotel, three residential towers and a new retail mall connected to TRX’s central park.</p></div>

<div class=newsTextDataWrapInner><p><br />
This article first appeared in <em>The Edge Financial Daily</em>, on October 10, 2014.</p></div>


KUALA LUMPUR: 1Malaysia Development Bhd’s (1MDB) wholly-owned unit, 1MDB Real Estate Sdn Bhd (1MDB RE), has signed a joint venture (JV) master framework agreement with international property group Lend Lease to develop the Lifestyle Quarter project at Tun Razak Exchange (TRX) here.

In a...

1MDB RE signs JV deal with Lend Lease

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AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.

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<p>AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.</p>


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<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>


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<p>Luxchem Corp Bhd’s net profit for the first quarter ended March 31, 2024 (1QFY2024) surged over 54% to RM11.56 million or 1.08 sen per share from RM7.5 million or 0.7 sen per share a year earlier on the back of stronger earnings from both its trading and manufacturing segments.</p>

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<p>JRG Minerals Sdn Bhd is collaborating with Shandong Huaxin Industry Co Ltd for a development project in Kuantan, Pahang, with an estimated value of RM15 billion.</p>


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<p>Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.</p>


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<p>Global semiconductor firm Nasdaq-listed TTM Technologies Inc has invested US$200 million (about RM958 million) for its first manufacturing plant in Malaysia.</p>


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<p>The Council of Palm Oil Producing Countries (CPOPC) has called on the European Union to delay the implementation of deforestation rules by at least a year for small businesses, its secretary general said on Thursday.</p>


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<p>Pantech Group Holdings Bhd is considering to list two wholly-owned subsidiaries — Pantech Stainless &amp; Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd — on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).</p>

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