KUALA LUMPUR, May 27 — Property developer Nexgram Holdings Berhad is eyeing the possibility of purchasing the last available acres of land in 1Malaysia Development Berhad’s (1MDB) Tun Razak Exchange (TRX) development, a report said.
English daily The Star quoted Nexgram’s executive director Alan How Han Lum as expressing the firm’s interest in acquiring the remaining land although he added that the deal was still under discussion.
“Our managers and agents are in talks with 1MDB and have voiced our interest to participate in the development of the project.
“We will know not too long from now. Meanwhile, we are doing our internal analysis,” he was quoted saying yesterday.
How also reportedly said the company was interested in the business venture as it believes there is still good potential in TRX despite 1MDB being debt-ridden.
The TRX, planned as a 70-acre financial centre within the capital, is one of two high-profile property projects in 1MDB’s portfolio.
Previously, 1MDB came under fire for their land deal with public funds like pilgrimage fund Lembaga Tabung Haji and Kumpulan Wang Amanah Pencen among others.
