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Old October 1st, 2010, 06:47 AM   #21
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PM to launch majestic Matrade project in Nov
posted Sep 23, 2010 7:08 AM by CT Print [ updated Sep 23, 2010 8:58 AM ] TnT Exclusive
http://www.tnt.net.my/project-update...deprojectinnov

News that the Naza brothers are to finalize their exit from Jetson soon (Star, Thurs 23 Sept) is poised to set the property-construction industry ablaze with excitement as expectations rise that Naza-TTDI is now able to finally set a date for the launch of the megalith and magical MATRADE project.

Sources have told us at TnT that the Prime Minister himself has consented to a date in November for the launch event of the year.

We are placing a wager that the momentous event will be held on Thursday, the 11th of November.

The MATRADE development will see the Naza-TTDI undertaking the construction, including planning and design, of an RM800 million expo centre off Jalan Duta, which will include world-class infrastructure to take in the biggest and longest exhibitions anyone dares to organize.

The project will also include construction of several mega-towers on an 63 acre land that was swapped with the government under of the largest of PFI (private financed initiative) deals.

This week's Pemandu road show confirms that part of the so-called greater KL redevelopment will include MATRADE, the US$5 billion Sungai Besi redevelopment projects, and the RM10 billion UDA-led Pudu redevelopment. This is in addition to the 1 Malaysia Financial District that is to take shape around the Jalan Imbi-Tun Razak area, which used to house colonial era government quarters. The 1MFD is to complement the Sungai Besi development, and Tnt has been made to understand that it will be the most likely project to launch as early as next year after Matrade.

These projects are the first under the government's RM1.3 trillion or US$444 billion Economic Transformation Program that will see Malaysia achieved developed status by year 2020.

Under our radar for some time now, the next Taikor (look out for our Taikor watch) and his sibling could be our own ‘boys to men’ fairy tale. Having had to take over the reigns of Naza on the premature demise of the family patron Tan Sri Nasimuddin Amin, the brothers are finally carving their own niches.

The MATRADE project is a major addition to the Naza-TTDI's on-going Platinum Park Project along one of KL’s most expensive realty, Jalan Stonor. The ground-breaking ceremony for the Platinum project was also officiated by Prime Minister Mohd Najib Tun Abdul Razak

The two Naza brothers have along the way acquired a 33% stake in Jetson (Kumpulan Jetson Berhad) in a move analysts and market observers saw as a statement of intent by the brothers to start making their mark. They had bought their shares ion Jetson from the company's co-founders - Isnin Rahim (then chairman and executive director) and brothers Teh (group managing director) and Tee Keng Kok (executive director), among others.

According to sources quoted by the Star, the Naza brothers decided to exit Jetson in view of some "unsettled financial issues" facing Jetson. It was learned that the brothers have been approached by suitors hoping to take Jetson's place. Among them are foreign players.

Meanwhile, the industry will also be celebrating UDA's 40th anniversary (next year) with a big bang. The redevelopment of the former Pudu Jail site by UDA will herald the return of the entity that was behind the development of Bukit Bintang and the sprawling Bandar Tun Hussein.

UDA was launched in 1971 by Tun Abdul Razak, and is currently under Chairman Datuk Nur Jazlan Mohamed, son of former Information Minister Tan Sri Mohamed Rahmat, a well supported man in UMNO.

The one thing that stands out in this greater Kl expansion is that it is spearheaded by young capable Malaysians, and the future it brings along with it makes it all the more interesting for us to keep watch on.
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Old December 21st, 2010, 04:50 PM   #22
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Matrade Centre + 100 Storey Tower

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Originally Posted by rizalhakim View Post
finally!!!
woo!!!!!!
look at the 100storey tower...dem hot baby!!!!

http://www.lamanpremium.com
http://www.lamanpremium.co.kr

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Old January 27th, 2011, 01:33 PM   #23
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>>
Quote:
Originally Posted by D_Y2k.2^ View Post
Taken today:

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Old February 25th, 2011, 03:39 PM   #24
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Quote:
Originally Posted by dengilo View Post



As of today
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Old March 10th, 2011, 08:29 PM   #25
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Naza TTDI targets 18 new launches this year
By Zaidi Isham Ismail Published: 2011/03/11
http://www.btimes.com.my/Current_New.../ditt/Article/

NAZA TTDI Sdn Bhd, the property development arm of Naza Group, plans to launch 18 new projects this year with a combined gross development value (GDV) of RM1.6 billion.

Naza TTDI chairman SM Nasarudin SM Nasimuddin said the launches are part of its long-term plan to become one of Malaysia's top 10 property companies in the next three years.

"We also plan to launch our projects outside of the Klang Valley and make our maiden venture overseas such as in Singapore, Vietnam, Indonesia and China," Nasarudin said at a briefing on its financial performance in 2010 and outlook this year in Shah Alam, Selangor, yesterday.

Group managing director SM Faliq SM Nasimuddin said the new projects are expected to increase Naza TTDI's net profit in 2011 by 22 per cent to RM100 million from RM82 million in 2010.

Group turnover this year is targeted to hit RM1 billion, up 57.5 per cent from RM635 million in 2010.

Faliq added that the company hopes to rake in a net profit of RM267 million and a turnover of RM2.2 billion by 2015.

"In future, we hope to form joint ventures or embark on merger and acquisition plans with companies that have strategic assets and landbanks as part of our expansion plan at home and abroad," said Nasarudin.

He said the company aims to boost its landbank to over 200ha in the next two years from 161ha currently.

The project launches this year will comprise both residential and commercial developments such as TTDI Grove in Kajang, TTDI Alam Impian in Shah Alam, TTDI Dualis in Puchong, as well as a 35-storey tower in Jalan Tun Razak, Kuala Lumpur.

The company has also formed an associate construction company, Naza TTDI Construction, as it feels it is the right time to start diversifying and entering the construction business.

Naza TTDI Construction will complement Naza TTDI's business, offering complete construction services in the fields of building, civil engineering and infrastructure works.

On its RM650 million Matrade International Exhibition Centre, Nasarudin said piling works are ongoing and it will call the media for an update in June.

He added the company has no plans to go for a listing yet but may do so in the future, should the need to raise funds arise, coupled with right stock market conditions.

Established 37 years ago, the Naza Group, which also has operations in automotive, hotels and food, has completed more than 14,000 residential and commercial units, including in Taman Tun Dr Ismail, Petaling Jaya, Section 13 Shah Alam and the Platinum Park in Kuala Lumpur City Centre.
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Old April 13th, 2011, 12:03 PM   #26
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Naza ropes in Jetson for Matrade Centre project
http://propertyforsale.my/latest/naz...centre-project



NAZA Group has drafted Kumpulan Jetson Bhd as a partner to develop the country's largest exhibition centre on 62.45 acres of prime federal land off Jalan Duta in Kuala Lumpur.

Naza, through wholly-owned TTDI KL Metropolis Sdn Bhd, and Kumpulan Jetson yesterday sealed a pact to form a 51:49 joint venture (JV) called TTDI Jetson Sdn Bhd.

Kumpulan Jetson will eventually get a RM628 million job to build the proposed Matrade Centre, which will have a one million sq ft of gross floor area.

TTDI Jetson will sign a proper development agreement with TTDI KL Metropolis once Kumpulan Jetson has obtained shareholders' nod for the proposed JV at an extraordinary general meeting to be convened soon.
TTDI Jetson will then award Kumpulan Jetson the contract to build the Matrade Centre for RM628 million, the latter said in a statement to Bursa Malaysia yesterday.

"The company will carry out the planning, design, construction and complete the Matrade Centre," Kumpulan Jetson said.

Naza Group joint executive chairman SM Nasarudin SM Nasimuddin and director SM Faliq SM Nasimuddin are major shareholders of Kumpulan Jetson, with a combined 29.79 per cent stake.

The brothers recently made an unsuccessful bid to buy the remaining Kumpulan Jetson shares not already owned by them.

TTDI KL Metropolis was previously awarded the privatisation of the 62.45-acre land by the government via a deal signed on December 21 this year.

The company will build the Matrade Centre for the government at its own cost.

In return for the exhibition centre, TTDI KL Metropolis has the exclusive rights to develop the land into a mixed project tentatively dubbed the "Naza KL Metropolis Development".

The project will boast of hotels, offices, residences and shopping malls, with a gross development value of RM15 billion over 15-20 years.

Naza and Kumpulan Jetson have estimated that they would have to fork out some RM800 million to render Matrade Centre functional plus the land premium for conversion of the 25ha into commercial status.

Given its 49 per cent shareholding in TTDI Jetson, Kumpulan Jetson said its portion would amount to at least RM392 million.

Quote:
Quote:
Naza KL Metropolis Development

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Old August 25th, 2011, 07:00 PM   #27
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Old September 2nd, 2011, 06:24 AM   #28
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Old September 21st, 2011, 06:51 AM   #29
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>>>
Quote:
Originally Posted by D_Y2k.2^ View Post
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Old September 21st, 2011, 10:22 PM   #30
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Originally Posted by Imperfect Ending View Post
awesome!
those birds were the perfect way to emphasize on how awesome this iconic building will be
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Old October 25th, 2011, 02:13 PM   #31
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Old October 26th, 2011, 11:59 AM   #32
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Source: http://www.klmetropolis.com



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Old October 26th, 2011, 12:00 PM   #33
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Old October 26th, 2011, 12:07 PM   #34
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LOCATION (old pic)
Quote:
Originally Posted by Ethaniel83 View Post






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Old October 26th, 2011, 12:12 PM   #35
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Old November 1st, 2011, 09:03 AM   #36
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KL Metropolis expected to woo RM3.5b foreign investments
Foreign companies may invest that amount to build properties, either on their own or in partnership with Naza TTDI
By Sharen KaurPublished: 2011/10/27
http://www.btimes.com.my/Current_New...#ixzz1bwf6CEsW



KUALA LUMPUR: The Naza Group's KL Metropolis project is expected to lure foreign investments of some RM3.5 billion over its 15-year development period.

Foreign companies may invest that amount to build properties, either on their own or in partnership with Naza TTDI Sdn Bhd, the property arm of Naza Group.

"While we can build the structures on our own, we want to give opportunities to others for transfer of technology and expertise," Naza TTDI group managing director SM Faliq SM Nasimuddin said af-ter the project's launch on Tuesday.

The RM15 billion project is located next to the existing Matrade building off Jalan Duta and is touted as a new business district.

It will feature 22 office and residential towers, which include a 100-storey building and three hotels, as well as the new one million sq ft Matrade centre and two retail centres with more than two million sq ft of space on 30 hectares.

Launched by Datuk Seri Mustapa Mohamed, the Minister of International Trade and Industry (Miti), the project will be developed in three phases.

Phase 1 will comprise the exhibition centre, two residential towers, two hotels, two office towers and a retail centre, worth a combined RM6 billion.

Faliq said tenders to cons-truct the buildings will be called next month. It has appointed a local contractor to do the piling work.

Naza TTDI will borrow from banks and use internal funds for the initial stages of development, after which it may raise more money from a bond sale. The company is expected to invest RM500 million on infrastructure alone.

"We aim to complete Phase 1 by 2014/2015," he said.

Naza TTDI is already in talks with several foreign investors to build the retail and com-mercial properties in a joint venture.

It is also in discussions with a few five-star international hotels and mall operators to manage some of its properties.

"We are seeking five-star hotel operators and good retail partners for the project. We want to make this a world-class business and tourist destination," Faliq said.

Naza TTDI will announce several deals before the end of this year or early next year.

Faliq said Phase 2, which will start in 2015, will have five residential towers, three office blocks, a boutique hotel, a healthcare centre and the 100-storey building, worth RM4 billion.

Phase 3, worth RM5 billion, will start in 2019, consisting of three residential towers, three office buildings and a retail centre, he added.

“We have attracted a lot of local and foreign interest for this project, repositioning Malaysia on the world map. We expect several en bloc deals coming in,” Faliq said.

KL Metropolis is designed to Malaysia’s Green Building Index requirement and is also the first registered LEED for Neighbourhood project in Malaysia.

The LEED certification is an internationally-recognised green rating system that incorporates the principles of smart growth, urbanism and green building.

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Exhibition Centre - Matrade Centre

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Last edited by nazrey; November 1st, 2011 at 09:28 AM.
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Old November 9th, 2011, 09:20 AM   #37
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Old November 13th, 2011, 10:27 AM   #38
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Old November 23rd, 2011, 11:32 AM   #39
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Nice exciting design overall.
I like it, its design reflect its time.
But will they fill it all?
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Old November 26th, 2011, 12:21 PM   #40
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