TSR unit inks deal with US-based Globe Venture
PORT DICKSON: TSR Capital Bhd’s wholly-owned subsidiary, TSR Ocean Park Sdn Bhd, has teamed up with United Statesbased Globe Venture Holdings Inc to develop a 24.2ha waterfront, here, with a gross development value of RM2.3 billion.
TSR Ocean Park Sdn Bhd director Ng Kim Keong said the project would consist of residential buildings, luxury hotels and water chalets, convention centre and commercial projects that focuses on tourism and services industry.
“This partnership is part of TSR’s initiative to rejuvenate Port Dickson into a world-class tourism destination and become a prominent holiday retreat hub,” Ng told NST Business on Saturday.
TSR is the master developer of the PD Waterfront, an esplanade development covering eight phases at the first mile of Jalan Pantai from the town centre facing the sea off Pulau Arang.
The partnership with Globe Venture is the next phase for the PD Waterfront that was launched in 2010 and is part of TSR as well as Negri Sembilan efforts to turn