TSR unit inks deal with US-based Globe Ven­ture

New Straits Times - - Business -

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

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