The Bukit Bintang City Centre (BBCC) project along Jalan Hang Tuah/Jalan Pudu in Kuala Lumpur is gaining traction as a visionary, cutting-edge integrated development.
BBCC Development Sdn Bhd, the project's owner, has given a contract worth RM135.4 million to Kerjaya Prospek Group Berhad's 49 per cent-owned subsidiary, Kerjaya Bina BMK Sdn Bhd (KBB).
Kerjaya Prospek announced yesterday (Feb 2) in a stock exchange filing that KBB has accepted a letter of award (LoA) from BBCC Development for the design and construction of a 31-storey service apartment tower, basement, and podium, which includes seven levels for parking, main lobby, and a multi-purpose hall.
The project is scheduled to begin on March 1, 2023, and will take 36 months to complete.
"The new contract awarded serves as a testament to our proven track record and ability to consistently secure and deliver contracts from our clients despite the challenging macro environment," said Kerjaya Prospek group chief executive officer and executive director Tee Eng Tiong.
Tee said that the LoA from BBCC Development is the company's first deal of the year.
He said that the company's order book has been increased to RM4.3 billion, offering profitability visibility for the next five years.
BBCC is a joint-venture project between UDA Holdings Berhad, Eco World Development Group Berhad, and the Employees Provident Fund Board.
The 7.85ha, located at the site of the former Pudu Prison has a gross development value of RM8.7 billion.
Since its inception in 2016, BBCC has achieved numerous firsts, including the first joint venture with Mitsui Fudosan (Asia) Malaysia Sdn Bhd to develop The Mitsui Shopping Park Lalaport, as well as the creation of the Malaysia Grand Bazaar, Zepp KL Concert Hall, and numerous other amenities that will transform inner-city living, working, retail, and entertainment in the heart of Kuala Lumpur.