MALACCA: The iconic tourist state is set to witness another skyscraper gilding the city view when an the RM256.5mil multi-storey mixed development by the Hatten Group is completed by the end of 2017.
Named as Imperio@Hatten City, the project consists of six levels of commercial retailers known as the Imperio Mall, and another 949 condominium units known as the Imperio Residence.
Besides, it also provides seven levels of parking space.
The project was developed by Fuyuu Ventures Sdn Bhd, a subsidiary of Hatten Group Sdn Bhd and funded by the Malaysia Building Society Berhad (MBSB) via an Islamic financial facility.
Hatten Group managing director Colin Tan said the Imperio projects were actually the Phase 2 portion of the huge Hatten City project, valued at over RM2bil.
“Malacca is historic state with many tourism products to offer with increasing tourist arrivals every year.
“We are tapping into the shopping industry here by providing greater options in medium and high-end shopping experience to the shoppers, be they locals or visitors,” he said after a signing ceremony at Hatten Hotel here on Wednesday.
The signing ceremony was attended by MBSB president and CEO Datuk Ahmad Zaini Othman, its chairman Tan Sri Abdul Halim Ali, Hatten Group CEO Edwin Tan and its executive chairman Datuk Wira Eric Tan, and witnessed by Governor Tun Mohd Khalil Yaakob.
Tan said that the Imperio Mall would feature Japanese and Korean products-based shopping in its top two levels while another four levels would highlight other medium to high-end retailers and brands from worldwide.
As for the serviced apartment units at Imperio Residence, they are sold at an indicative price of between RM800 and RM1,000 psf, with state-of-the-art facilities including sports and spa facilities, such as a sky gym overlooking the pool fronting the sea on one end and the city on the other.
Rising to a height of 33 stories, Tan noted that the entire Imperio@Hatten City project was unique in terms of functionality and aesthetics.
“The Imperio site is a long rectangular shape with the retail podium forming the lower ground levels. The residential blocks are made up of U-shaped cascading stepped towers from the 14th floor onwards.
“The stepped towers feature a vertical jogging path made up of external staircases that rise from level 13 to level 33, providing a 360 degree panoramic view of the city’s coast.”
Ahmad Zaini said that MBSB would finance the construction and development works including other development related considerations, such as for the purpose of site clearing, earthworks, piling and infrastructure.
An end-financing facility of up to RM50mil would be extended to the property buyers, he added.