The Malaysian property developer Jesselton Group has awarded to VINCI Construction Grands Projects the construction of a 125,000 m2 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 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.