PPB unit wins KL Eco City job

By BUSINESS TIMES

RM626M PROJECT: Group build boutique and strata offices increasing its outstanding order book to RM2.5b

PUTRAJAYA Perdana Bhd (PPB), which plans to re-list this year, has won a RM626 million contract to build boutique and strata offices at KL Eco City.

This brings the total value of the contracts secured by the construction, property development and concession business group, this year to RM1.8 billion.

About two months ago, PPB won a RM358 million contract from Perdana ParkCity to build mixed commercial properties in Desa ParkCity, Kuala Lumpur.

The other contracts include Tasek Central Shopping Mall in Johor Baru, and the raw water supply project for Petronas in Pengerang, Johor.

Executive chairman Datuk Rosman Abdullah said, the RM626 million contract is the biggest this year for PPB and it increases the group’s outstanding order book to RM2.5 billion.

The contract was awarded by KL Eco City Sdn Bhd to PPB’s wholly-owned unit, Putra Perdana Construction Sdn Bhd, he said in a statement yesterday.

PPB’s outfit is expected to construct three office towers comprising 15, 16, and 17 floors each, and a block of four-storey business space on a two-storey podium car park.

It will also be responsible for the main building works of strata offices and five-storey car park area podium and two-storey basement car park area.

KL Eco City, which has a gross development value of over RM6 billion, is an integrated urban city development located on a 10ha site across Mid Valley City.