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Old October 21st, 2013, 06:55 PM   #1
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JOHOR BAHRU | Southkey City | 150m+ | 40 fl x 4 | 30 fl x 8 | App

Project Name: SOUTHKEY CITY
Location: Iskandar Johor
Floors: 40 fl x 4 | 30 fl x 8
Developer: IGB/ Melia
Categories: Mixed-Use
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Originally Posted by davidwsk View Post
Next generation of Midvalley Megamall only at Southkey!


http://youtu.be/-CmD3lRCsO0


https://www.facebook.com/SouthkeyProperties
http://www.southkey.com.my/

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Old October 21st, 2013, 06:57 PM   #2
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Mid-Valley Southkey Megamall in Iskandar to be completed in 2016

Bernama | Updated: October 21, 2013



KUALA LUMPUR: Construction of the RM6 billion integrated Mid-Valley Southkey Megamall in Iskandar, Johor, which began today, is expected to be completed late 2016.

The commencement of construction works ceremony for the megamall was launched by Southkey Megamall Sdn Bhd a 70:30 joint-venture between IGB Corp Bhd and Selia Pantai Sdn Bhd.

The project, which is also Johors single biggest integrated retail and commercial development, is sprawled over 14.57 hectares of land within the Southkey new township.
..

The integrated development will comprise eight 30-storey tower blocks featuring three hotels Cititel Johor Bahru with 675 rooms, Boulevard Hotel (450 rooms) and The Gardens Hotel (450 rooms).

There will also be four office blocks and one serviced apartment with 180 units.
Read more at: http://english.astroawani.com/news/s...-2016-24320?cp
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Old October 22nd, 2013, 04:00 AM   #3
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Published: Tuesday October 22, 2013 MYT 12:00:00 AM
Updated: Tuesday October 22, 2013 MYT 8:45:23 AM

RM6bil Mid Valley Southkey taking shape in JB

by desiree tresa gasper



The RM6bil project(pic) named Mid Valley Southkey Megamall will be about 30% smaller than the Megamall in Kuala Lumpur but will feature a similar design. IGB Corp Bhd group managing director Robert C.M. Tan said.

JOHOR BARU: Shopoholics in the Southern region will be thrilled as a new mall similar to Mid Valley Megamall in Kuala Lumpur will be set up here.

The RM6bil project named Mid Valley Southkey Megamall will be about 30% smaller than the megamall in Kuala Lumpur but will feature a similar design.

IGB Corp Bhd group managing director Robert C.M. Tan said that the project was a joint venture between IGB and Johor based Selia Pantai Sdn Bhd who had a 30% stake in the project.

“The first phase of the mall has officially started today and we expect the building to be completed by end of 2016.

“While the new mall may be slightly smaller than the original Mid Valley Megamall, it will have many enhanced features,” he said adding that a lot of improvements had been incorporated based on mistakes made in the construction of the first mall.

Tan said that Mid Valley Southkey Megamall would be built within the Southkey township area and would be built on 36 acres.

“Once completed, the mall will be largest shopping mall in Johor,” he said adding that the integrated development will include eight 30-storey tower blocks, four office blocks and one serviced apartment with 180 units.
http://www.thestar.com.my/Business/B...ape-in-JB.aspx

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Old January 27th, 2014, 04:51 PM   #4
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Next generation of Midvalley Megamall only at Southkey!


http://youtu.be/-CmD3lRCsO0

Last edited by davidwsk; April 12th, 2015 at 09:35 AM.
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Old January 27th, 2014, 04:52 PM   #5
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..

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Old April 12th, 2015, 09:32 AM   #6
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..

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Old April 12th, 2015, 09:36 AM   #7
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April 2015




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Old May 30th, 2015, 07:22 AM   #8
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Originally Posted by FayedLee View Post
..

Last edited by davidwsk; December 24th, 2015 at 05:35 AM.
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Old December 24th, 2015, 05:34 AM   #9
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Southkey Mosaic

..
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Old November 5th, 2016, 04:49 PM   #10
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U/C
Progress

Source:https://www.facebook.com/SouthernCorridorMalaysia/

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Old November 5th, 2016, 04:50 PM   #11
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IGB raising RM1bil to part finance one of Johor's biggest malls
Friday, 28 October 2016



KUALA LUMPUR: IGB Corp Bhd is raising RM1bil to part finance one of Johor’s biggest retail malls in a move to replicate its Mid Valley Megamall success.

IGB Corp Bhd group managing director Datuk Seri Robert Tan said: “We cannot promise that it will be as successful as the Mid Valley Megamall.... it may be 70% as successful.”

The 32.5-acre joint venture development, to be undertaken by JV company Southkey Megamall Sdn Bhd, will be a blend of Mid Valley Megamall and The Gardens, Tan told a press conference to announce the proposed RM1bil financing via a medium term notes (MTN) programme.

IGB Corp Bhd is principally an investment holding and property development company engaged in property investment and management, retail, hotel operations and construction. It also has the IGB REIT, a retail real estate investment trust. The group’s largest project is the 50-acre Mid Valley Megamall/Gardens mall, which it had injected into the REIT. It also had interest in Australia and the UK.

Southkey City Sdn Bhd is a property development company affiliated to SELIA Group which has a flagship development in Iskandar Region A Johor Baru which spans over 330 acres.

It would take seven to 10 years for the Southkey mall to mature and they would then consider whether to inject it into the IGB Reit, he said.

“We will see how the mall is,” he said.

Tan said they had taken into consideration the demographics and population on a three, five and 10km radius.

“So it is something similar to the Klang Valley. Within a 5km radius, we have five million people. We don’t need five million people, but we need 1% of that, which is 50,000 people, but we need the spending power, not just the numbers.

“It will not be a Bangsar crowd in Johor. It will be more like a Cheras crowd so we will appeal to the mid-range crowd,” he said.

He declined to reveal the cost of funding, other than saying that they have concluded a win-win situation. The MTN programme is its latest step to realise the Southkey mall as one of Johor’s largest integrated retail and commercial developments.

IGB Corp Bhd recently sold its Renaissance Kuala Lumpur Hotel for RM765mil, making a gain of RM85mil net of tax in the next financial year, with the intention to use the proceeds for working capital and to support its development in the Southkey mall project.

The project has a total of 6,000 parking bays. It will have six retail floors, four office blocks with a net lettable area of about one million sq ft which it is targeting companies from Singapore to take up as a backroom office with a targeted rental of between RM5 and RM5.50 per sq ft.

The Southkey project will also have three hotels offering a range of three-, four- and five- star service and some serviced apartments.
http://www.thestar.com.my/business/b...ce-johor-mall/
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Old January 18th, 2017, 07:48 AM   #12
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U/C now
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