E&O ties up with Japan's Mitsui Fudosan for the third time

Eastern & Oriental Bhd (E&O) recently announced that the company is entering into a joint venture with Japan’s Mitsui Fudosan Co Ltd (Mitsui).

According to a Bursa Malaysia filing on March 20, E&O’s indirect wholly-owned subsidiary Samudra Pelangi Sdn Bhd and Mitsui’s indirect wholly-owned subsidiary Mitsui Fudosan Asia Pte Ltd entered into a shareholders' agreement to jointly develop a luxury highrise project in the heart of Kuala Lumpur city.

E&O's Samudra will hold 51% stake in the joint venture while the remainder will be held by Mitsui. This joint venture marks E&O and Mitsui's third alliance, or their second in terms of residential development. Mitsui is one of Japan's largest property company by operating revenue.

Both parties will develop a 298-unit serviced apartment project on a 5,812 sq m freehold land through landowner Patsawan Properties Sdn Bhd (Patsawan), which in turn is a wholly-owned subsidiary of Samudra.

The land is strategically located at the intersection of Jalan Kia Peng and Jalan Conlay where a double-storey colonial mansion is now seated. The project is within an exclusive residential enclave among diplomatic corps, and the city’s business, retail and cultural districts.

As of end March 2015, Patsawan has already obtained the development order approval for the project from KL City Hall. The development plan consists of two blocks of 30 and 40-storey luxury service apartments.

In 2011, a marketing collaboration was signed for selling E&O's properties to Mitsui’s high-net-worth clientele in Japan. The tie-up led to a 2013 partnership in which the two companies jointly developed the 38-storey, 256-unit The Mews Serviced Residences in Kuala Lumpur City Centre, which has received extremely positive response since its launch.

Japanese buyers was said to have become the second largest segment in E&O's foreign buyer profile.

Rate this item
(2 votes)


  • YapparovaBrefe
    YapparovaBrefe Monday, 13 November 2017 20:06 Comment Link

    best viagra in bangladesh

    http://viagraonline100mgs.com/ - generic viagra online

    generic viagra online

    free viagra newsletter

  • AlfonsoSub
    AlfonsoSub Monday, 13 November 2017 19:03 Comment Link

    buy viagra original
    viagra on line no prec
    viagra online shops im test
    viagra coupons
    ordering viagra from canada

  • JeffreyPaype
    JeffreyPaype Monday, 13 November 2017 17:03 Comment Link

    sildenafil viagra 100mg
    best price for viagra
    viagra cheap online order
    viagra coupons 75 off
    long will viagra pill last

  • JohnnyMub
    JohnnyMub Monday, 13 November 2017 03:00 Comment Link

    descargar bloques de autocad 3d
    auto cad
    download hatch patterns for autocad 2017
    autocad lt
    autocad lt 2011 sp1 download

  • DanilaBrefe
    DanilaBrefe Monday, 13 November 2017 02:02 Comment Link

    mdma and cialis 5mg

    buy cialis online

    buy cialis online

    cialis generico da 20 m

  • MichaelRaw
    MichaelRaw Sunday, 12 November 2017 13:49 Comment Link

    autodesk autocad download
    autocad 2016
    autocad 06 download
    autocad download
    download software autocad 2014 full version

  • Charles
    Charles Sunday, 12 November 2017 09:40 Comment Link

    download autocad software 2017
    autocad 2016
    autocad steel detailing software

  • Michaelamody
    Michaelamody Saturday, 11 November 2017 20:49 Comment Link

    autocad 2017 prices
    autodesk autocad
    autocad 2012 and autocad lt 2012 bible download
    download autocad
    download autocad civil 3d 2017

  • Jeremyram
    Jeremyram Saturday, 11 November 2017 18:46 Comment Link

    getting started in autocad
    autocad lt
    autocad student desk
    autocad lt
    a practical guide to autocad civil 3d 2012 download

  • Michaelamody
    Michaelamody Saturday, 11 November 2017 15:49 Comment Link

    autocad design center download
    autocad 2016
    autocad 10 product key
    autocad download
    descargar autocad 2000


Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.


At PTLM, everything we do is with integrity, commitment and innovation as to facilitate information dissemination so that you could make well-informed decision.


Subscribe With Us

Invalid Input

Most Popular

Recent News

Our Gallery