Kerjaya Prospek bags RM338.8 mil construction job in Mont’Kiara

KUALA LUMPUR (July 27): Kerjaya Prospek Group Bhd has clinched a RM338.8 million contract from the joint venture of Nusmetro Property Sdn Bhd and Naza TTDI Sdn Bhd (Nusmetro-Naza TTDI JV) for main building works for a proposed mixed development project in Mont’Kiara here.

In a filing with Bursa Malaysia today, Kerjaya Prospek said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award from Nusmetro Property for the proposed job.

This confirmed a report by theedgemarkets.com earlier today, which stated that the Nusmetro-Naza TTDI JV was set to award Kerjaya Prospek with a contract worth over RM300 million to build the Arte Mont’Kiara serviced apartments.

Kerjaya Prospek said construction works are scheduled to commence in September, with completion in October 2019. The main building works comprise inter-alia simplex and duplex serviced suites and serviced residences housed within three towers that range from 58-66 storey and a nine-storey podium of car park.

"The contract will further increase and enhance the existing order book of the company and its group of companies," it added.

In a separate statement, Kerjaya Prospek said Arte Mont’Kiara is a mixed-development JV project between Nusmetro and Naza TTDI, with a gross development value of RM1.2 billion. The French-retro themed project is located within Naza TTDI's Kuala Lumpur Metropolis development, which is envisioned to be an international trade and exhibition city.

With the latest win, Kerjaya Prospek has secured RM1.43 billion year-to-date, surpassing its internal orderbook replenishment target of RM600 million for 2016.

This follows a RM213.75 million contruction contract it won from Yong Tai Bhd last week. The contract was for the construction of main building works of a proposed mixed development project, known as "The Apple" in Melaka.

In May, BCB Bhd had also appointed Kerjaya Prospek to undertake main building works for Phase 1 of Elysia Park Residence project in Iskandar Malaysia, Johor, valued at RM312.85 million.

Shares in Kerjaya Prospek closed down one sen or 0.41% in the morning session today at RM2.42, giving it a market value of RM1.23 billion, with 136,700 shares exchanging hands. — theedgemarkets.com

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