KUALA LUMPUR (April 30): The Employees Provident Fund's (EPF) wholly-owned subsidiary Kwasa Land Sdn Bhd has appointed Adenan Md Yusof as managing director (MD) effective Monday (May 3, 2021) to contribute towards the development of the EPF's estimated 920ha (about 2,300 acres) Kwasa Damansara township in Selangor.

In a statement today, Kwasa Land said the company has been mandated as the strategic master developer of Kwasa Damansara and that Adenan is expected to contribute towards Kwasa Damansara's efforts in becoming a leading township.

"Adenan brings more than 30 years of corporate experience and expertise, having headed key portfolios in both the government and private sectors, with a focus on real estate investments and financial services. Adenan will take on the role held by Mohamad Hafiz Kassim who remains on the board of Kwasa Land in his role as head of EPF's real estate investment department.

"Previously, Adenan was the group managing director of Amanah Raya Bhd. Prior to that, he was the chief operating officer at AmanahRaya-REIT Managers Sdn Bhd from 2010 to 2015 where he was instrumental in driving consistent incremental growth and stable, sustainable returns for the fund.

"He was also the vice chairman of the Malaysian REIT Managers Association and a member of its regulatory committee," Kwasa Land said.

Kwasa Land chairman Datuk Mohammed Azlan Hashim said in the statement that Adenan brings a great mix of real estate development and management as well as commercial management experience and knowledge to propel Kwasa Damansara to become a green, connected and inclusive township. 

On Mohamad Hafiz, Mohammed Azlan said that as the former remains on the board of Kwasa Land, the company will continue to gain from his leadership skills, energy, and commitment.

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