Naza TTDI, the master developer for KL Metropolis is getting busy in 2020. During the pandemic in March, Naza TTDI and Exsim Development Sdn Bhd announced to jointly develop MET 6 at KL Metropolis.
MET 6, with a gross development value (GDV) of RM800 million, is the latest component of Naza TTDI's RM20 billion-GDV KL Metropolis mixed development at Jalan Duta, according to The Edge, a local business daily.
KL Metropolis is a 75.5-acre upcoming neighbourhood in Mont Kiara, where the first commercial component was MITEC (Malaysia International Trade and Exhibition Centre), the largest exhibition centre in Malaysia.
Under the joint development (JV) between the two companies, EXSIM will be granted the rights on the 1.86-acre land to develop a premium service apartment complete with a retail podium.
Earlier in January 2020, Hap Seng Consolidated Bhd and Naza TTDI announced a partnership to bring in global hotel brand Hyatt Regency to KL Metropolis. According to the local business daily, the two companies formed a 70:30 joint venture (Hap Seng and TTDI KL Metropolis Sdn Bhd, a subsidiary of Naza TTDI Sdn Bhd) under the new company named KL Midtown.
KL Midtown will occupy an 8.95-acre leasehold parcel in KL Metropolis, also known as MET5, which is next to Exsim’s MET 6.
The five-star Hyatt Regency will offer a total of 450 guestrooms, as well as facilities such as a market café, Japanese restaurant, bar, Regency Club, lobby bar, outdoor swimming pool, fitness centre and 2,000 sq m of meeting space, which will include a 1,000 sq m grand ballroom. It is expected to open its doors by 2024.
In addition to Hyatt Regency, KL Midtown will also have luxury residences and a retail podium with a total gross development value of RM3.8 billion.
The news article further elaborates that the hotel will be designed by Kengo Kuma, whose well-known projects include the New National Stadium in Tokyo, Bamboo Wall House in China and LMVH Group (Louis Vuitton) Japan’s headquarters in Osaka.
Looks like KL Metropolis is getting busy in 2020 with Exsim’s MET 6 as its sole residential launch, followed by Hap Seng’s KL MidTown project.