Naza TTDI’s KL Metropolis Progresses with Several Joint Ventures established
February 18 2016
SHAH ALAM: Naza TTDI Sdn Bhd’s 75.5 acre development of KL Metropolis continues to gain momentum following the recent joint development agreement signed with Hap Seng Land Development Sdn Bhd to jointly develop an 8.95-acre plot within the KL Metropolis masterplan. Two earlier joint collaborations were established last year, with Nusmetro Property Sdn Bhd for the development of 3.29 acres and Keystone Impetus Sdn Bhd to develop 2.47 acres. The Nusmetro project will be a mixed development of 3 iconic towers consisting of serviced suites, serviced residences and managed residences, targeted for completion by 2019. The Keystone Impetus tie-up will establish 2 blocks of stratified office building expected for completion by 2021.
SM Faliq SM Nasimuddin, Naza TTDI’s Deputy Executive Chairman and Group Managing Director said “The three joint collaborations covering a total plot size of 15 acres will be the catalyst to further accelerate the progress of KL Metropolis in the first development phase. This is also aligned with the Prime Minister’s vision for KL Metropolis to be a world class international trade and exhibition district for Kuala Lumpur”.
He further added “We are also pleased with the development of the country’s largest exhibition space at KL Metropolis, the Malaysia International Trade and Exhibition Centre (MITEC), which is currently at 88% progress and on track for completion in June this year together with the road infrastructure”.
Naza TTDI is also planning to develop another 4.29 acres in KL Metropolis with a gross development value of RM1.2 billion comprising two commercial towers and one high-end serviced apartment block. The launch of the serviced apartments is expected at the end of the year and the overall development completion for this phase is due for completion within 5 years.
About KL Metropolis
KL Metropolis is a 75.5 acre mixed development that is envisioned to be the “International Trade and Exhibition District” for Kuala Lumpur. With the new MITEC exhibition space being the nucleus for the overall development, there will be seamless integration within every surrounding component that includes residential, commercial, retail, cultural and civic amenities, and hotels to create a new cultural and exhibition hub for Kuala Lumpur.
Sustainability and energy efficiency will be predominantly featured in this development to create a better quality of life for both working and living population of KL Metropolis. The district will also encompass a comprehensive vehicular and pedestrian traffic network along with landscape and hardscape public spaces that blends with other elements of the masterplan to create a smooth dispersion among its occupants and visitors.
About Naza TTDI
Incorporated in 1973, Naza TTDI Sdn Bhd is the property arm of the diversified Naza Corporation Holdings Sdn Bhd. As Malaysia’s largest privately-owned property developer, Naza TTDI developed the country’s first township - the award-winning Taman Tun Dr Ismail (TTDI) in Kuala Lumpur, and has completed over 15,000 residential and commercial units in premier townships in Selangor.
The company has now expanded its property portfolio to developing high-impact projects such as the iconic RM20 billion KL Metropolis in Jalan Duta and RM4 billion Platinum Park in Kuala Lumpur City Centre. Recognised for its outstanding brand, Naza TTDI has been awarded the Asia Pacific Property Award, Cityscape Asia, FIABCI, ISO Certification MS9001:2008 and QLASSIC Certification.
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