1MBD Real Estate seeks partners to participate in 468-acre project in Kuala Lumpur.
Kuala Lumpur, 22 June 2015:Further to an announcement by 1MDB's President and Group Executive Director on 12 June 2015, 1MDB Real Estate Sdn Bhd (1MDB RE)announced todaythe Request For Proposal (RFP) process for its Bandar Malaysia development is now underway.
This follows the presentation of a rationalization plan for 1MDB to Cabinet on 29 May 2015, and the company is pleased to have begun making progress towards its implementation.
Commencing with a request for Expressions of Interest (EOI) via advertisements in local newspapers this week, 1MDB RE - as the project’s master developer - has announced that it is seeking development partners to participate in the 486-acre project in Sungai Besi, Kuala Lumpur.
The closing date for submission of expressions of interest is 10 July 2015, with CH Williams Talhar & Wong acting as the real estate advisor and managing the exercise.
Bandar Malaysia will be a mixed-use urban development that is expected to serve as a catalyst for the transformation of Greater Kuala Lumpur. Strategically located within seven kilometres of Kuala Lumpur City Centre (KLCC), the development will serve as Kuala Lumpur’s gateway for the high speed rail-line to Singapore and become a central transport hub in the city via MRT lines 2 and 3, KTM Komuter, ERL, and future access to 12 major highways.