Naza TTDI Sdn Bhd has teamed up with EXSIM Development Sdn Bhd to jointly develop MET 6 at KL Metropolis, which has a gross development value (GDV) of RM800 million.
MET 6 is the latest component of Naza TTDI’s RM20 billion-GDV KL Metropolis mixed development in Jalan Duta.
Under the joint development (JV) between the two companies, EXSIM will be granted the rights on the 1.86-acre land to develop a premium service apartment complete with a retail podium. The purchase consideration was not disclosed by the parties.
This is the fourth JV development in KL Metropolis for Naza TTDI, with the previous three being Hap Seng for KL Midtown, Triterra for The MET and Nusmetro for Arte MK.
KL Metropolis is a 75.5-acre mixed-use development featuring residences, hotels, retail, entertainment attractions and offices, which include the Malaysia International Trade and Exhibition Centre as its nucleus.