Kerjaya Prospek’s unit wins RM442m contract

By NUR HAZIQAH A MALEK /

Kerjaya Prospek Group Bhd’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, bagged a contract worth RM442 million from Aspen Vision City Sdn Bhd (AV City) for the main building works of the Vertu Resort project in Penang.

In an exchange filing yesterday, the company said Vertu Resort is a joint venture (JV) project deve- loped by Aspen (Group) Holdings Ltd (Aspen Group) together with IKEA South- East Asia.

The JV is Kerjaya Prospek’s first project with Aspen Group.

“This is our first project with Aspen Group and I would like to thank them for giving us the opportunity to be part of such an iconic project in Penang,” Kerjaya Prospek executive chairman Datuk Tee Eng Ho said.

Vertu Resort comprises five condominium blocks, ranging from 20 to 36 storeys, consisting of 1,246 units where it will also host resort- style facilities and amenities across 200,000 sq ft of space.

The construction works are targeted for completion by Nov 4, 2020, and expected to take about 38 months from the date of commencement which is Sept 4, 2017.

The JV is the Kerjaya Prospek’s sixth contract award for the year, bringing the total contract wins year-to-date to RM868 million.

Its current outstanding orderbook stands at RM2.9 billion.