PETALING JAYA: Naza TTDI Sdn Bhd and EXSIM Development Sdn Bhd are in a tie-up to develop a plot of land worth RM800mil at KL Metropolis in Kuala Lumpur.
In a statement yesterday, Naza TTDI said the joint development agreement will see Ivory Interpoint Sdn Bhd, a subsidiary of EXSIM, being granted the rights on the 1.86-acre land to develop MET 6, a premium serviced apartment project complete with a retail podium.
In the same statement, Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin said KL Metropolis is slated to become a well balanced development for luxury living.
“With EXSIM’s impressive track record and a vision that complements ours, we are positive that upon its completion KL Metropolis will become a coveted address for many city dwellers due to its futuristic and socially convenient living space.”
EXSIM managing director Lim Aik Hoe said MET 6 would be a masterpiece that will blend in perfectly into the entire concept of KL Metropolis.
“We are honoured to be part of the development team in KL Metropolis, partnering with the pioneers, especially so with Naza TTDI, ” he said. This is the fourth joint venture development in KL Metropolis, with the previous three being Hap Seng for KL Midtown, Triterra for The MET and Nusmetro for Arte MK.
KL Metropolis, a prime master plan development project under Naza TTDI, is a 75.5-acre mixed-use development with a gross development value of RM20bil and strategically located just 15 minutes away from the KL city centre.