CapitaLand Investment to advise Malaysian developer Astaka on retail strategy for RM1.2 billion Johor development
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CapitaLand Investment (CLI) will advise Malaysian developer Astaka Holdings on a RM1.2 billion mixed-use project in Johor, which includes a lifestyle mall, a five-star hotel, and residential units. The project is part of the One Bukit Senyum development, aimed at enhancing retail activity due to the Johor-Singapore Special Economic Zone. Both companies signed a retail service advisory agreement, with expectations of increased cross-border travel benefiting the project. Astaka shares remained flat, while CLI shares rose by 1.1%.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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