CCM completes deal for 5 Texas land parcels

CONSTRUCTION firm CCM Group has completed the acquisition of five out of seven parcels in a 55-hectare development in Texas, in the United States.

In a statement yesterday, the Catalist-listed company said that it was confident of securing the remaining two land parcels, which are the smallest of the seven.

Only then would CCM go ahead to seek bank financing for the entire project and begin an engineering study to sub-divide the land into 545 lots, which would need approval from the local authorities.