Friday, March 13, 2009

Hua Yang sells land to Tesco for RM3.2m

PROPERTY developer Hua Yang Bhd has sold a piece of land in Bandar Universiti Seri Iskandar, Perak to British retailer Tesco Stores (Malaysia) Sdn Bhd for RM3.2 million.

The deal was done by Hua Yang's wholly-owned subsidiary Agro-Mod Industries Sdn Bhd.

The land measures 215,186.4 sq ft, Hua Yang said in a statement.

The 838-acre Bandar Universiti Seri Iskandar township was first developed in 1999 with a gross development value of RM616 million, to cater to the growing university student population of Perak.

By Business Times

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