VINCI wins a further high-rise building construction contract in Malaysia

7 January 2015 - 5:45 pm - New contracts - Malaysia

- 125,000 m² of housing and retail development with a value of €70 million
- Second contract on the island of Borneo for VINCI Construction Grands Projets

The Malaysian property developer Jesselton Group has awarded to VINCI Construction Grands Projets the construction of a 125,000 m2 mixed-use development on the Kota Kinabalu seafront in northern Borneo.

The project covers a 7-storey podium over two underground levels that will house a 20,000 m2 shopping centre and more than 900 parking spaces, as well as a complex made up of three 20-storey residential towers with a total of 333 apartments. The value of the contract, which does not include the foundations and underground levels, is €70 million. Handover is scheduled in July 2016.

This further success confirms VINCI Construction Grands Projets as an operator in Malaysia, where local developers appreciate the quality of the structures it has completed and is currently building. VINCI Construction Grands Projets is currently carrying out the Menara Hap Seng tower project in Kota Kinabalu under a design-build contract and is also operating in Kuala Lumpur with the current Berjaya Central Park residential and office complex, having previously handed over the Berjaya Time Square shopping centre in 2003.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.