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Monday, 18 August 2014

Lian Beng, Heeton, KSH to co-develop Brisbane asset


LIAN Beng Group, together with Heeton Holdings and KSH Holdings will, through their respective subsidiaries, co-develop a A$150 million (S$173.87 million) mixed-use site in Brisbane, Australia.

The three companies on Monday identified two components to the joint venture:

The first involves a residential development joint venture with Australian counterpart Marvel Investments Pty Ltd, which will hold an effective interest of 67 per cent; the rest is held by Heeton, Lian Beng, and KSH consortium with effective interests of 18.15 per cent, 9.90 per cent, and 4.95 per cent respectively.

The second is a hotel development joint venture with Heeton and Lian Beng holding effective interest of 70 per cent and 30 per cent respectively.



2 comments:

  1. Must venture abroad to survive.

    And it is even smarter to bring others with you; joint forces then have better and greater chance to survive and achieving success.

    ReplyDelete
    Replies
    1. Probably the meat is too large for one party to eat alone. LOL!

      Delete

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