Bolton plans to sell retail assets

Property up for SALE!!

 The property developer owns the Langkawi Fair Shopping Mall, situated at the south eastern tip of Langkawi Island.
 
SUBANG JAYA: Bolton Bhd, one of the oldest property developers in the country, plans to dispose of its retail assets to focus on property development, its chief said.

The company currently owns the Langkawi Fair Shopping Mall, situated at the south eastern tip of Langkawi Island.

Sprawled on a 3.45ha site, the mall is the largest shopping centre in Langkawi and it is estimated to be worth about RM45 million.

"The mall is giving us reasonable rental yields. But at the right time, we will dispose of the asset at a good price. We are not big enough a developer to keep property investments," said Bolton executive chairman Tan Sri AzmanYahya.

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