Thursday, September 26, 2013

IJM Land - strong earning from London properties



Stronger pound and rising property prices reasons to invest in London properties

It is mulling over offers from British investors to develop land in London to tap the booming UK property market.

IJM Land is now the second biggest Malaysian investor in London after the SP Setia Bhd-Sime Darby Bhd joint venture, which launched the RM40 billion Battersea Power station project early 2013.

 IJM Land’s maiden project is called Royal Mint Gardens in Central London which is worth £200 million.

IJM Land holds a 51 per cent stake in the mixed development, while the rest is held by UK investors.

Work on Royal Mint Gardens is expected to begin in early 2014 and slated to complete in 2017.

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