Teladan, Melaka Corp to build German tech park in Malacca

Malacca-based property developer Teladan Group Bhd through its wholly owned subsidiary Riverwell Resources Sdn Bhd has signed a memorandum of understanding (MoU) with Melaka Corporation (MCorp), a Malacca state government development agency, to develop a 341.2-acre German technology park at Ayer Panas, Jasin District, Malacca.

The project aims to attract German investment into Malacca and strengthen Malaysia-Germany economic ties. It encompasses various industrial developments including industrial bungalow lots, semidetached factories, shop offices, and centralised labour quarters.

Under the MoU, both parties will collaborate on feasibility studies and development planning of the project. The agreement seeks to leverage on the construction expertise of Teladan and its landbank located along Jalan Gapam. At the same time, Mcorp will lead the development and sales of the project.

This project builds on the robust trade relations between Malaysia and Germany, which have flourished significantly over the past decade. Germany has remained Malaysia’s top trading partner in the European Union, while Malaysia is now Germany’s largest trading partner in Southeast Asia.

Malacca chief minister Datuk Seri Utama Ab Rauf Yusof said the project aligns with the government’s economic growth initiatives by promoting industrial advancement and attracting high-tech industries to Malacca.

Meanwhile, Teladan managing director Richard Teo Lay Ban said that with a proven track record of developing over RM2.9 billion in combined gross development value (GDV) across residential, commercial, and industrial projects, they are confident in their contribution to this project’s success.