PETALING JAYA: Eco World International Bhd (EWI) is acquiring an 80% stake in Salcon Australia for its parcel of prime land of 2,128 sq m in South Yarra, Australia. Eco World Sydney Development Pte Ltd, a wholly owned subsidiary of EWI, will also be appointed as the development manager for the project, which will, in turn, generate a new fee-based income stream for the EWI group. The South Yarra Station is also located within ready walking distance about 300m southwest of the project land. Teow added that Melbourne is a familiar market and a preferred investment destination for many of EWI’s Malaysian and regional customers. “It was crowned the world’s most liveable city for the sixth year running, according to The Economist’s Global Liveability Survey.

Source: The Star April 10, 2017 22:52 UTC