SUTL unit partners UEM Sunrise to build Puteri Harbour marinas
Total investment cost is around S$66.6m in cash and in kind, with SUTL's commitment at about S$40m
Singapore
ELECTRONICS distributor-turned-marina developer SUTL Enterprise on Monday said its unit has agreed to set up, fund and run a joint venture firm with Khazanah's UEM Sunrise to develop the existing marinas in Puteri Harbour of Iskandar Puteri in Malaysia.
The project will comprise three marinas at Puteri Harbour, including the development of two new private marinas and the expansion of the existing public marina.
The total investment cost is around S$6…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery