KLCC Stapled Group inks JV for first TOD

KUALA LUMPUR (April 12): KLCCP Stapled Group (KLCCP), which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (REIT), said KLCC Holdings Sdn Bhd — its parent company — had formed a joint venture with a third party to develop its first transport oriented development (TOD).

KLCCP Group chief executive officer Datuk Hashim Wahir expected the development will be completed in 2022, and that it will deliver significant contribution to KLCC REIT once it is completed.

The project will be a mixed development, comprising retail as well as office space and hotel. It is an expansionary programme for Suria KLCC, as the group will build a bridge linking Bukit Bintang and KLCC.

"We will have a seamless experience between [an] MRT 2 station to KLCC," he said. The MRT 2 station is believed to be located at Jalan Binjai.

However, he declined to comment on the value of the development. — theedgemarkets.com

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