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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Temasek looks to purchase stake in Johor Development

Posted on 12 July 2012

Singapore’s Temasek Holdings is in discussions to purchase a stake in a major project in Malaysia’s southern state of Johor. The 4 billion ringgit (US$ 1.26 billion) project is a residential and commercial waterfront development project that overlooks the Straits of Johor. Lido Boulevard is located in zone A of Iskandar Malaysia and is in close proximity to Johor Bahru’s Central Business District.
The Lido Boulevard project is a joint venture between Central Malaysian Properties Sdn Bhd (CMP) and State Secretary Johor Inc. State Secretary Johor Inc. is the holding company of the Johor state government………………………………………..Full Article: Source


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