Vinci Win a Further High-rise Building Construction Contract in Malaysia

• 31 December 2015
• Local News
• 1230 Views

The Malaysian property developer Jesselton Group has awarded to VINCI Construction Grands Projets the construction of a 125,000 sqm mixed-use development on the Kota Kinabalu seafront in northern Borneo.

The project covers a 7-storey podium over two underground levels that will house a 20,000 sqm 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 US$82.4m. Handover is scheduled in July 2016, in just under a year and a half.

Announcing the project Vinci said, “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.