Oct 14, 2011
PHB in property deal with GDV of RM1bil with Gleneagles
KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB) has signed a property development deal, with a gross development value of RM1bil, with Gleneagles Hospital in Ampang.
The first phase of the development will be a RM138mil extension project for the Gleneagles Hospital.
Covering a gross floor area of 300,000 sq ft, the extension project will consist of a 10-floor healthcare facility that is due to be completed within three years.
The two-phase development will also include hotel facilities and an office building.
Gleneagles Kuala Lumpur is a subsidiary of Pantai Holdings Bhd, a member of Parkway Pantai Ltd, while PHB is a subsidiary of Yayasan Amanah Hartanah Bumiputera.
Gleneagles Hospitals regional chief executive officer Amir Firdaus Abdullah said the expansion of the hospital in Ampang would enable it to keep up with the growing demand for quality healthcare services.
“Our expansion plan includes a 100-bed capacity, 40 specialist clinics and other state-of-the-art facilities,” Amir said after the signing ceremony here yesterday.
Pantai Holdings chief executive officer (Malaysia operations) Alvin Lee Swee Hee said the expansion was part of the group’s strategic growth plan, which included the development of new hospitals in Kota Kinabalu (Sabah), Iskandar Region (Johor), Manjung (Perak) and other existing hospitals within the next three years.
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