The project’s primary scope involves constructing a 34-storey serviced apartment tower with 748 units, a sub-basement service plant, multi-level parking facilities, and public amenities on the 10th floor.
The 14,000 sq ft space in Johor will mirror the KL Sentral branch, which became profitable within just three months and has reached over 50% occupancy.
The development’s Phases 2 and 3 are under construction, and will feature multi-storey logistics facilities to meet rising demand.
SIDSB, which is developing a 1,300-acre mixed-use area in Pendas as part of Sunway City Iskandar Puteri (SCIP), lodged the programme with the Securities Commission of Malaysia.
The campus in Sedenak Tech Park is part of Yondr Group’s portfolio recently acquired by DigitalBridge Group Inc, which is also one of Vantage’s largest investors.
Mida said that the upgrade is expected to increase Scanfil’s production capacity by nearly 50% and supports the group’s broader Asia-Pacific operations, which also include facilities in Melbourne, Australia.
“The combination of EC8, inherently stable low-rise design and resilient utilities keeps seismic risk contained.
Gen Rise is a freehold serviced residence strategically located in the heart of Johor Bahru City Centre.
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