Pursuant to the Joint Venture, the Proprietor has agreed to grant TSSB the development rights to develop the Lands in consideration for the payment of the sum of RM334.54 million which shall be paid progressively for a period of 72 months from the date of the joint venture agreement. The Lands are strategically located, given its vicinity to the Kuala Lumpur-Kuala Selangor Expressway (LATAR) and Bandar Tasik Puteri in the north, Jalan Sungai Buloh and Guthrie Corridor Expressway in the east, Jalan Bukit Cherakah and Kampung Bukit Kapar in the south and the West Coast Expressway in the west. The transaction was announced by TCB in Bursa Malaysia, HERE The transaction was also featured in:

1. The Edge Markets, HERE
2. The Star, HERE and
3. The Malay Mail, HERE

For more insight into this area of law, please contact our Partners in the Corporate Real Estate Practice Group: Leong May Ling Ainal Marlinda Md Said