PRZOOM - /newswire/ -
Rueil-Malmaison, Hauts-de-Seine, France, 2015/01/07 - The Malaysian property developer Jesselton Group has awarded to VINCI Construction Grands Projets the construction of a 125,000 m2 mixed-use development on the Kota Kinabalu seafront in northern Borneo.
• 125,000 m2 of housing and retail development with a value of €70 million;
• Second contract on the island of Borneo for VINCI Construction Grands Projets.
The project covers a 7-storey podium over two underground levels that will house a 20,000 m2 shopping centre and more than 900 parking spaces, as well as a complex made up of three 20-storey residential towers with a total of 333 apartments. The value of the contract, which does not include the foundations and underground levels, is €70 million. Handover is scheduled in July 2016.
This further success confirms VINCI Construction Grands Projets as an operator in Malaysia, where local developers appreciate the quality of the structures it has completed and is currently building. VINCI Construction Grands Projets is currently carrying out the Menara Hap Seng tower project in Kota Kinabalu under a design-build contract and is also operating in Kuala Lumpur with the current Berjaya Central Park residential and office complex, having previously handed over the Berjaya Time Square shopping centre in 2003.
VINCI (vinci.com) is a global player in concessions and construction, employing close to 191,000 people in some 100 countries and generating 2013 revenue of €40.3 billion. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities.
VINCI’s goal is to build long-term value in this way for its customers, shareholders, partners and employees, and for society at large.