Kuala Lumpur, April 14 – Anzo Holdings Bhd (ANZO) yesterday announced that its wholly owned subsidiary Harvest Court Construction Sdn Bhd (HCCSB) received a Letter of Intent from KL Northgate Sdn Bhd (KLNSB) for the Paragon@KL Northgate 18-acre mixed development project in Selayang with an estimated value of RM1.2 billion.
ANZO will work with MCC Overseas (M) Sdn Bhd (“MCC”) to jointly undertake the construction of the Project.
The Project is a part of a mixed-use development with high-rise towers sitting on 18-acres of land. It is located along Jalan Kuching, and will have strong visibility and is set to become a landmark in Selayang and Northern Kuala Lumpur. It will be easily accessible via numerous key roads and highways of Jalan Kuching, Jalan Rawang, and Middle Ring Road 2 (MMR2). The Gross Development Value of the project is RM3.6 billion, with a total Gross Floor Area of 3.9million sq. ft.
The proposed components of the mixed development include a 5-storey shopping mall with Gross Floor Area of 1.8 mil sg ft, a 1 storey basement carpark, 4-storeys of podium carpark, 54 units of 3-1/2 & 4-1/2 storey shop offices, 1 block of 31 storey residence tower (400 units). 1 block of 27 storey hotel tower (316 rooms), 1 block of 30 storey hotel tower (500 rooms), 1 block of 37 storeys service suites (350 units), ballroom & hologram hall, cinema, ice-skating rink, virtual reality game park, indoor water theme park and hot spring recreation park; on Lot No PT 8087, 8088 and 8089 in Selayang, Daerah Gombak.
The construction and completion of the entire Project is estimated to take 6 years. Construction is scheduled to start in Q4 2017.
Commenting on the Project, Anzo Holdings Berhad, Managing Director, Datuk Eddie Chai said, “We are honoured to be invited to participate in the project in what will become an iconic development in Northern Kuala Lumpur. We are eager to begin work on this project and to be working with MCC Overseas (M) Sdn Bhd.”