Property
Crunch time for Eco World International
Joseph Wong | 04 May 2018 00:30
ALL the hard work poured into property developer Eco World International Bhd’s (EWI) United Kingdom projects is coming to fruition as the corporation makes its move to kick start its next phase with the acquisition of more land in UK.

And with the management raising its sales targets from RM2.5 bil to RM3 bil after its recent stage 1 acquisitions of its joint venture with Be Living Holdings Ltd, 2018 is gearing up to be a crucial one for the property developer.

The stage 1 acquisition, with a gross development value (GDV) of £1.1 bil (RM6 bil), adds a further six sites to its pipeline under the estimated £1.5 bil Stage 2 to widen its depth and breadth in the UK market.

The stage 1 acquisition comprises Woking; Kensal Rise and Maida Hill in Brent and Westminster; Millbrook Park in Barnet; Barking Abbey Retail Park and Barking Tesco in Barking and Dagenham; and Nantly House, Lampton, in Hounslow.

Stage 2 properties, which are all within London, are Kew Bridge and Tesco Osterley in Hounslow; Aberfeldy Village in Tower Hamlets; Bromley in Bromley; Tulse Hill in Lambeth; and Ealing in Ealing.