BPMB formalises plan with Coronade Properties to fund public infrastructure work for Coronation Square

Coronade Properties chief executive officer Kok Wai Sing (left) with Coronade Properties public relations director Datin Paduka Alinah Ahmad (second from left) and BPMB coverage group head Gerald Goh (second from right) and BPMB group corporate and investment banking managing director Wee Yee Tat(right) at the signing ceremony here in Johor Baru on Dec 16.

JOHOR BARU: Bank Pembangunan Malaysia Berhad (BPMB) has formalised a RM97.63mil Term Financing-i facility with Coronade Properties Sdn Bhd (CPSB) to fund public infrastructure works for Coronation Square, an integrated mixed-use development designated by the state government as the catalyst project for the Ibrahim International Business District (IIBD).

Strategically located along Jalan Trus and Jalan Abdullah Ibrahim here, Coronation Square is designed to enhance connectivity and anchor the city’s transformation into a more walkable and economically vibrant city centre.