SUNWAY CITY KUALA LUMPUR: Sunway REIT Management Sdn Bhd, the manager of Sunway Real Estate Investment Trust (Sunway REIT), has announced that it has awarded a RM255mil contract to Awangsa PMC Sdn Bhd (APMC) for the redevelopment of Sunway Pier at Port Klang, Selangor.
The scope of the contract includes all main building works, piling and substructure work, structural repairs to the existing jetty and all related mechanical, electrical and plumbing work. Physical construction has started and is anticipated to take 28 months, with targeted completion in early 2027. The new building will feature a gross floor area (GFA) of approximately 500,000 sq ft and a net lettable area (NLA) of around 300,000 sq ft, along with more than 600 parking bays.
Commenting on Sunway Pier, Sunway REIT Management chief executive officer Clement Chen said: “We are thrilled to finally launch the development of Sunway Pier with the award of construction works to APMC. Upon completion, we envision Sunway Pier as a premier seafront development for the Klang Valley, featuring an international jetty, seafood market, diverse F&B offerings, and proposed duty-free shops. We also expect it to attract both domestic and international visitors, including cruise passengers and crew stopping at the Pulau Indah Cruise Terminal and Westport.
“APMC is a seasoned contractor that recently completed the refurbishment of Sunway Pyramid Oasis for Sunway REIT, which was delivered on time and within budget. For Sunway Pier, APMC has similarly employed their strong engineering expertise to provide effective construction alternatives to improve efficiencies and reduce costs, securing this contract through an open tender exercise. We trust APMC will deliver this project by the first half of 2027."
Situated near the Port Klang KTM station and at the western end of the Federal Highway, Sunway Pier is easily accessible by public transport and is within a 50-minute drive from KLCC. With an estimated development cost of RM400mil, Sunway Pier is expected to transform Port Klang into a vibrant destination for leisure and shopping. It will be Sunway REIT’s first greenfield development.
In addition to Sunway Pier, Sunway REIT is also undertaking asset enhancement initiatives at Sunway Pyramid Oasis, scheduled to reopen in November 2024 for RM190mil, and refurbishing the old wing of Sunway Carnival Mall at a total cost of RM360mil, with expected completion by June 2025.
Chen concludes, “Upon completion of these refurbishments, Sunway Pier, and the acquisitions of Sunway 163 Mall and Sunway Kluang Mall, Sunway REIT will have a significantly strengthened retail portfolio and an even more formidable retail presence across the west coast of Peninsular Malaysia.”
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