KUALA LUMPUR: Paramount Corporation Bhd is looking to expand its collaboration with Japan’s Mitsui Fudosan Co Ltd beyond The Ashbourne, with both parties expected to jointly identify land suitable for future developments.
Deputy group CEO Beh Chun Chong said the joint venture agreement for The Ashbourne included a provision for the partners to explore another project together, reflecting Paramount’s intention to use the collaboration as a model for future developments.
“Yes, the answer is definitely yes. In our joint venture agreement with Mitsui, we have a clause that within the life of the project, we will jointly identify land that is suitable for another project together,” he said in an interview with SunBiz.
