KUALA LUMPUR: Tracking solutions provider and property developer Grand-Flo Bhd is aiming to raise the revenue contribution from its property development segment to 50 per cent this year from 20 per cent in 2014. Group President/Group Managing Director Derrick Tan said the company has two ongoing projects targeted for completion in 2017 “ Vortex Business Park and The Glades in Penang “ with a gross development value of RM220 million and RM63 million, respectively. œWe have seen a positive take-up rate of 70 per cent for the first phase of Vortex, a commercial and industrial development, he told reporters after the companys annual general meeting here today. œWe hope to have 50:50 ratio contribution from our tracking solutions and property segments, Tan said.
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