TA Global breaks ground on RM3b Ativo Annexe in Bandar Sri Damansara

• Located on a 15-acre site, Ativo Annexe will comprise Amaya Residences (high-rise residences), The Arden (office suites) and DA Central Mall. The project will also include an international hotel and a wellness hub.

KUALA LUMPUR (Oct 10): TA Global Bhd has broken ground on the RM3 billion Ativo Annexe development, marking the next major phase of its 48-acre Damansara Avenue masterplan in Bandar Sri Damansara.

The groundbreaking ceremony was held on Friday and officiated by TA Global chief operating officer Lee Yen Foong, alongside representatives from construction partners Taghill Holdings Bhd (KL:TAGHILL) and Pesona Metro Holdings Bhd (KL:PESONA).

In a press statement, TA Global chief executive officer Tiah Joo Kim said: “Today’s groundbreaking is more than a construction milestone; it is the physical realisation of our aspiration to craft a human-centric community where the rhythm of daily life is effortless, inspiring, and deeply connected.”

Located on a 15-acre site, Ativo Annexe will comprise Amaya Residences (high-rise residences), The Arden (office suites) and DA Central Mall. The project will also include an international hotel and a wellness hub.

Amaya Residences, valued at RM1 billion, consists of two 68-storey towers offering 1,268 units. The Arden, a 38-storey Grade-A strata office tower with 455 suites, is designed for businesses of all sizes. The DA Central Mall will offer 420,000 sq ft of retail space. All three components are GreenRE-certified.

The integrated development is linked to the Sri Damansara Sentral MRT station via a dedicated bridge, supporting its aim to be a transit-oriented community.

Construction of Amaya Residences has been awarded to Taghill under a RM494 million contract.

Pesona Metro has secured the RM666 million contract to build The Arden and DA Central Mall.

The three projects are scheduled for progressive completion in 2028.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.