PETALING JAYA: Talam Transform Bhd’s wholly-owned unit, Europlus Bhd (EB), has entered into a joint venture (JV) agreement with Janajaya Murni Sdn Bhd (JMSB) to develop terrace houses on two parcels of lands owned by EB in Serendah, Selangor.

In a filing with Bursa Malaysia, Talam said Land 1 and Land 2 measure 11.3ha and 20ha, respectively. Land 1 will have a gross development value (GDV) of RM140.70mil and Land 2, RM247.52mil.

As part of the agreement, JMSB would pay EB JV entitlements of approximately RM22.51mil for Land 1 and RM39.6mil for Land 2. — Bernama