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KUALA LUMPUR (March 5): Naza TTDI Sdn Bhd is partnering Exsim Development Sdn Bhd to develop MET 6, the latest component of the KL Metropolis development at Dutamas, Kuala Lumpur.
With an estimated gross development value of RM800 million, MET 6 comprises a premium serviced apartment with a retail podium.
Under the joint development agreement, Ivory Interpoint Sdn Bhd (a subsidiary of Exsim) will be granted the rights to the 1.86-acre plot to develop MET 6, Naza TTDI announced in a statement following a signing ceremony between TTDI KL Metropolis Sdn Bhd (a wholly owned subsidiary of Naza TTDI) and Exsim today.
Present at the ceremony were Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin, Exsim managing director Lim Aik Hoe and Exsim deputy managing director Lim Aik Kiat.
This is Naza TTDI’s fourth joint venture development in KL Metropolis, with the previous three with Hap Seng for KL Midtown, Triterra for The MET and Nusmetro for Arte MK.
KL Metropolis is a 75.5-acre, mixed-development master plan development project with a GDV of RM20 billion.
The development combines residences, hotels, retail, entertainment attractions and offices with the Malaysia International Trade and Exhibition Centre (MITEC) serving as its nucleus.
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