KUALA LUMPUR, Sept 21, 2015:

1Malaysia Development Bhd (1MDB) has launched the sale tender process for its parcel in Pulau Indah.

In a statement today, 1MDB said the tender follows expressions of interest received its Pulau Indah land.

“Savills (Malaysia) has been appointed as advisor to 1MDB and has prepared a detailed Information memorandum for distribution.

“Suitably qualified potential purchasers are invited to register their expressions of interest with Savills (Malaysia) for this tender process.”

The 1MDB land parcel in Pulau Indah, Mukim Klang, Selangor, is on a single large development site, measuring approximately 318 acres.

It is adjacent to the Port Klang Free Zone (PKFZ) and other industrial developments.

The sale of Pulau Indah land is part of the rationalisation plan presented to Cabinet on May 29 this year.

“1MDB is pleased to update that the overall plan is proceeding smoothly, with shortlisted bidders currently conducting detailed due diligence on Edra Energy and Bandar Malaysia respectively.:

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