Tropicana Corp books RM145m gain from Bukit Bintang land sale

 

KUALA LUMPUR: Tropicana Corp has booked a RM145mil gain from the sale of 1.3 hectares of land in Bukit Bintang here.

The property developer said on Thursday it was selling the piece of land to a joint venture company Offshore Triangle for RM448mil.

Tropicana Corp holds a 30% stake in the JV while HK listed Agile Property Holdings has the 70% stake.

The land would be used for mixed development targeted for completion in the first half of 2015.

By THE STAR


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