The project, located on a 40.5-hectare site, is being developed by privately-held Millenium Land Sdn Bhd, which shares similar directors as Tanco Bhd.
The group yesterday signed an agreement with international hotel chain, Hilton Worldwide, to manage Hilton Garden Inn Hotel that will target the mid-market business and leisure travellers.
Millennia City, which is set to be the commercial heartbeat of Puchong, will comprise M Square, a 380,000 sq ft self-enclosed six-storey shopping mall that is linked to the 255-room Hilton Garden Inn and a 2.1 million sq ft Street Mall comprising 13 blocks of six-storey retail and office units.
The development will start by the third quarter this year and is targeted for completion by 2013. The company also plans to build high-rise apartment, targeting the high income group.
"From our research, we found that Puchong is currently one of the fastest growing districts in Malaysia in terms of growth especially in three key area - population, monthly household income and commercialisation," said executive director Benjamin Tan in Kuala Lumpur.
Also present at the signing ceremony were tourism minister Datuk Seri Ng Yen Yen and Hilton Worldwide senior vice president Middle East and Asia Pacific Andrew Clough.
The primary catchment in Puchong reaches an estimated 420,000 people while its secondary catchment area, some 10 minutes away, reaches some 1.2 million people.
"As such, we believe that the development of Millennia City will be a highly significant project as we foresee it to be a major cornerstone of a modern, trendy and touristy Puchong," said Tan.
By Business Times
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