KUALA LUMPUR: Sime Darby Bhd and UEM Sunrise Bhd expect to kick-start the RM1.6 billion integrated development, called Radia, in Bukit Jelutong, Shah Alam, in the fourth quarter of the year.
Radia is the result of a landmark 50:50 joint venture (JV) between Sime Darby Property and Sunrise Bhd, a unit of UEM Sunrise. The development will be managed by Sime Darby Sunrise Development Sdn Bhd.
The joint venture was signed in April 2010.
According to UEM Sunrise managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim, the project will cover a gross floor area of 2.7 million sq ft and will be developed in five phases.
"The construction is expected to be completed in 2018," he said.
Speaking at a press conference here last week, Wan Abdullah said the company expects strong take-ups for the property.
He, however, did not reveal the price range of the properties within the development.
Also present was Sime Darby Property managing director Datuk Abd Wahab Maskan.
Designed by French architecture firm J+H Boiffils and inspired by a fusion of Mediterranean and Asian themes, Radia comprises 640 units of serviced apartments, 238 units of office space (400,000 sq ft) and 182 units of retail space (880,000 sq ft).
Upon completion, it is expected to host 25,000 residents and workers.
Access to major urban centres such as Shah Alam, Klang and Kuala Lumpur will be through highways like the New Klang Valley Expressway, Guthrie Corridor Expressway, Federal Highway and the North-South Expressway Central.
Radia will provide shopping convenience and easy access to services for more than 100,000 residents as well as the working population in Bukit Jelutong.
Meanwhile, Abd Wahab said the development will leverage on Sime Darby and Sunrise's expertise to bring further strategic value to their business owners, customers and investors.
Business Times, 17 Sept 2013
The joint venture was signed in April 2010.
According to UEM Sunrise managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim, the project will cover a gross floor area of 2.7 million sq ft and will be developed in five phases.
"The construction is expected to be completed in 2018," he said.
He, however, did not reveal the price range of the properties within the development.
Also present was Sime Darby Property managing director Datuk Abd Wahab Maskan.
Designed by French architecture firm J+H Boiffils and inspired by a fusion of Mediterranean and Asian themes, Radia comprises 640 units of serviced apartments, 238 units of office space (400,000 sq ft) and 182 units of retail space (880,000 sq ft).
Upon completion, it is expected to host 25,000 residents and workers.
Access to major urban centres such as Shah Alam, Klang and Kuala Lumpur will be through highways like the New Klang Valley Expressway, Guthrie Corridor Expressway, Federal Highway and the North-South Expressway Central.
Radia will provide shopping convenience and easy access to services for more than 100,000 residents as well as the working population in Bukit Jelutong.
Meanwhile, Abd Wahab said the development will leverage on Sime Darby and Sunrise's expertise to bring further strategic value to their business owners, customers and investors.
Business Times, 17 Sept 2013
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