,Nexgram signed a memorandum of understanding with the Melaka State Development Corp yesterday to acquire 10.02 hectares in Bukit Baru, which has been earmarked for the development of the Melaka Lifecare Specialist.
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KUALA LUMPUR: Nexgram Holdings Bhd’s indirect wholly-owned subsidiary, Nexgram Biomedic Sdn Bhd, plans to develop a medical complex with a gross development value of RM1.6bil in Melaka.
It signed a memorandum of understanding with the Melaka State Development Corp yesterday to acquire 10.02 hectares in Bukit Baru, which has been earmarked for the development of the Melaka Lifecare Specialist.
The mixed development project would comprise a hospital building, serviced small office-home office (SoHo) units, a wellness centre, a bioscience research centre and a three-star hotel and condotel, among others, the company said in a filing with Bursa Malaysia.
The medical complex is expected to serve the healthcare needs of the wider Asian region.
“This public-private cooperation initiative is in line with the government’s push for technology-based investments which can, in turn, raise the knowledge and digital economic capability and capacity of Malaysians, ” it said.
It said the mixed development was expected to contribute positively to Melaka’s gross domestic product, employment and social welfare within the next five to 10 years.
“Further announcement in relation to the proposed sale and purchase will be made in due course, once the details of the terms and conditions have been finalised, ” Nexgram said. — Bernama