Artist impression of the CentralPlaza@i-City shopping mall at i-City, Selangor
KUALA LUMPUR: Work on I-Bhd
’s joint-venture project, the CentralPlaza@i-City shopping mall at i-City, Selangor has started with a completion date in 13 months.
I-Bhd said its JV company Central Plaza i-City Real Estate Sdn Bhd is undertaking the project valued at RM72.80mil.
The mall, with a gross development value of RM850mil, is expected to be open by August 2018.
I-Bhd said Thailand’s leading retail property developer Central Pattana Pcl holds a 60% stake in the project while I-Bhd has a 40% share.
Last Friday, Pintaras Jaya Bhd’s unit Pintaras Geotechnics Sdn Bhd was awarded the contract for the piling and basement structural works..
I-Bhd, which is the master developer of i-City, also said it will launch two property projects early this year and they are the Hyde Towers @i-City and 8Kia Peng @KLCC.
In February 2016, i-City will unveil the Hyde Tower, a residential tower with uninterrrputed views over the CentralPlaza@i-City Shopping Mall, which will offer flexible city living in a safe and secure environment.
Hyde is a 43-storey tower block with units ranging from 465 sq to 769 sq ft. Boasting one and two bedrooms as well as a choice of standard and duplex layouts, Hyde is the only tower on this parcel to offer dual-key units.
Residents of Hyde Tower have direct access to the CentralPlaza@i-City shopping mall via a passenger linked bridge.
I-Bhd added the direct flyover from the Federal Highway was completed and the light rail transit (LRT) to i-City was slated to be completed in 2020.
“This RM9bil freehold ultrapolis development with a mix of residential, commercial and recreation is also set to be a successful Transit Oriented Development (TOD) in providing convenience, affordability and active lifestyles to the community in and around i-City,” it said.
