KUALA LUMPUR (Nov 26): Kerjaya Prospek Group Bhd's wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd accepted today two award letters for commercial real estate construction projects with a collective value of RM282.25 million to further grow its order book.

Kerjaya Prospek told Bursa Malaysia today the award letters are from property developer Nusmetro Group, which plans to undertake a project along Jalan Duta Kiara in Mont Kiara and another along Jalan Cheras here.

"Nusmetro is one of the existing customers with a sound reputation and strong portfolio. It further enlarges the group's order book and is expected to provide a steady stream of revenue for the group over the next four years," Kerjaya Prospek said.

Kerjaya Prospek said the Mont Kiara and Jalan Cheras construction contracts are valued at RM29.82 million and RM252.43 million respectively.

For the Mont Kiara contract, the group said it will undertake "construction of sub-structure works for the project, which comprises one block of fifty-one storey office building and [a] three-storey basement car park."

The Jalan Cheras project comprises two blocks of fifty-storey commercial high-rise buildings with a total of 1,319 office units to be built on top of an eight-storey car park podium. Kerjaya Prospek said it will undertake "construction of main building works for the project".

Kerjaya Prospek said the Mont Kiara project is expected to commence today and is due for completion on Sept 25, 2020.

The Jalan Cheras project is expected to commence on Feb 1, 2019 and is due for completion on March 31, 2022, the group said. — theedgemarkets.com

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