Berjaya Land Bhd (BLand) has announced that it will be acquiring a freehold vacant land in Johor from MOL.com Bhd for RM10.5 million. The acquisition will increase the company's landbank amid the robust property market in the southern part of Peninsular Malaysia.

The deal is between its business unit, Berjaya Land Development Bhd, and LKH Wires & Cable Sdn Bhd, which in turn is wholly-owned by MOL.com.