Anzo Holdings partners Captive Max for commercial development in PJ

PETALING JAYA (May 29): Anzo Holdings Bhd, via its wholly-owned subsidiary Harvest Court Properties Sdn Bhd, has entered into a Collaboration Agreement with landowner Captive Max Sdn Bhd for the joint development and construction of a car showroom centre and office tower development in Petaling Jaya, Selangor.

With an estimated gross development value of RM420 million, the proposed car showroom centre and four blocks of signature office towers will sit on a 2.87-acre commercial site in Petaling Jaya along the Federal Highway, said Anzo Holdings in a statement today.

According to the developer, the project’s estimated gross floor area is 500,000 sq ft, with 70% of its net floor area to be about 350,000 sq ft. The construction cost will be about RM150 million.

Anzo Holdings managing director Datuk Eddie Chai said the developer has steadily secured notable projects in collaboration with local and international partners, and will consistently build on its core strengths as an emerging player in the construction industry.

“We would like to thank Captive Max for their trust and confidence in our capabilities to deliver the proposed car showroom centre project together, which will feature four blocks of signature office towers.

“We believe that Anzo Holdings is on the path to sustainable profitability. The company’s construction division in particular is contributing to our performance; therefore, Anzo Holdings will continue to bid for more construction contracts from the public and private sectors,” he said.

Earlier in March, the developer was appointed as the main contractor for phase 2 of the Porto De Melaka Hotel and Resort development in Malacca by Tinta Anggun Engineering Sdn Bhd where the contract is valued at RM109.3 million.