Anzo to build e-com­merce hub along Fed­eral High­way

New Straits Times - - Business -

KUALA LUMPUR: Anzo Hold­ings Bhd will build an e-com­merce hub with four sig­na­ture of­fice tow­ers and a car show­room cen­tre in Pe­tal­ing Jaya, Se­lan­gor, with a con­tract value of RM150 mil­lion.

Its wholly-owned unit Har­vest Court Prop­er­ties Sdn Bhd has en­tered into a col­lab­o­ra­tion agree­ment with Cap­ti­vate Max Sdn Bhd (CMSB) to de­velop 1.16ha fronting the Fed­eral High­way.

This con­firms a news re­port by NST Busi­ness yes­ter­day that Anzo was ex­pected to ink an agree­ment soon to de­velop land along the Fed­eral High­way.

In a fil­ing with Bursa Malaysia yes­ter­day, Anzo said Har­vest Court would build the prop­er­ties for CMSB, be­ing the land owner.

The es­ti­mated gross de­vel­op­ment value for the whole pro­ject is RM420 mil­lion.

It is un­der­stood that the land is lo­cated near Avon Cos­met­ics and Hong Leong As­sur­ance on Jalan 51a/219, which is also home to sev­eral car show­room cen­tres.

Anzo said upon the ex­e­cu­tion of the agree­ment, Har­vest Court would com­mence its due dili­gence in re­la­tion to the land.

Anzo man­ag­ing di­rec­tor Datuk Ed­die Chai, when con­tacted, said the pro­ject could take about three years.

He added that Har­vest Court was tar­get­ing to start con­struc­tion in the first half of next year.

Ac­cord­ing to Chai, the es­ti­mated gross floor area for the four tow­ers com­bined would be 500,000 sq ft.

The net floor area is 350,000 sq ft.

“We are beef­ing up the con­struc­tion busi­ness for Anzo. We see that the Malaysian con­struc­tion mar­ket was im­prov­ing and we would con­tinue to bid for new jobs,” he said. Sharen Kaur

An artist’s im­pres­sion of Anzo Hold­ings Bhd’s e-com­merce hub. The com­pany will build four sig­na­ture of­fice tow­ers and a car show­room cen­tre in Pe­tal­ing Jaya.

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