SINGAPORE (June 23): Hatten Land has signed a memorandum of understanding (MOU) with The Medici-Watermark (TMW) to manage the former’s three shopping malls located in Melaka, Malaysia.

TMW is an indirect 60%-owned subsidiary of Hatten Land. According to Hatten Land, TMW aims at creating new real estate value propositions “by merging physical property assets with the digital economy”.

The malls which will be managed by TMW are Elements Mall, Imperio Mall and Vedro by the River.

According to Hatten Land, TMW has launched Enterprise 1,000 initiative under its co-working space PRIME 53 to facilitate the collaboration and cooperation of 1,000 enterprises in Singapore and Malaysia.

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