PETALING JAYA: Iskandar Investment Bhd (IIB) has entered into a collaborative agreement with MCT Consortium Bhd to discuss the latter's proposed investment in Medini Iskandar, Nusajaya.
IIB said in a statement that the agreement would be on developing small-offices-home-offices (SoHos) or studio units, a hotel and a boutique retail gallery.
Details on MCT's investment in Medini have yet to be finalised.
IIB president and chief executive officer Datuk Syed Mohamed Syed Ibrahim said MCT's presence would complement efforts in the transformation of Medini Iskandar into the central business district of Nusajaya, which lies in the heart of Iskandar Malaysia.
MCT group founder Datuk Sri Barry Goh said: “We are excited about this project. Nusajaya is not only strategically located in the heart of Iskandar Malaysia for business convenience, waterfront lifestyles and international connectivity but also stands on strong pillars of catalytic, entry-point projects such as EduCity, Medini Iskandar and Legoland Malaysia, in addition to Pinewood Iskandar Malaysia Studios and Gleneagles Medini, etc.
“These catalytic projects are themselves attractive features and offer unique value propositions for us to plan our mixed development and garner positive market response.”
By The Star
Thursday, April 26, 2012
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