IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corporation Berhad, has secured two major contracts in Malaysia – an RM89.8 million contract for the construction of infrastructure building and public realms works at Tun Razak Exchange (TRX) in Kuala Lumpur, and another contract worth RM237.8 million for the construction of Mezzo residential tower at The Light City in Gelugor, Penang.
“IJM Construction continues to build on its strong track record and reputation to deliver projects which have covered both the building and civil works sectors in landmark developments like TRX and The Light City. These contracts reflect the quality and diversity of our work in building iconic projects that transform city landscapes,” said Liew Hau Seng, CEO and managing director of IJM Corporation Berhad.
The first contract, awarded by TRX City Sdn Bhd - the master developer of TRX project - is to undertake civil & structural and architectural works; mechanical and electrical services; both hardscape and softscape works; signages and wayfinding; as well as amenities in the international financial district. Work is expected to start immediately, with completion in 14 months. This contract is in addition to IJM Construction’s current projects in TRX, which include HSBC Malaysia and Affin Bank’s new headquarters as well as TRX Residences.
The second contract for The Light City’s Mezzo residential tower includes the construction of a 34-storey, 456-unit high-end luxury condominium. IJM Construction has received the letter of acceptance (LOA) from Jaringan Simfoni Sdn Bhd, a wholly owned subsidiary of The Light City’s developer, IJM Perennial Development Sdn Bhd - a joint venture between IJM and Perennial Holdings Pte Ltd, a Singapore-based integrated real estate and healthcare company. Construction work is scheduled to commence in June this year, with completion slated for November 2024.
The Mezzo contract win will add to IJM Construction’s growing footprint of projects in Penang. In March 2020, the company was awarded a RM140 million contract for the construction of a 24-storey hotel with a 10-storey podium for commercial lots and carpark in Butterworth. Later in August, the company secured a RM864.7 million contract for the construction and development of The Waterfront Shoppes, an 11-storey retail mall, and the Penang Waterfront Convention Centre, followed by a RM314.8 million contract for the construction of a 34-storey hotel and office tower in November at The Light City. The Mezzo marks IJM Construction’s third project at The Light City.
“Mezzo is the first residential component to be launched at The Light City. The landmark development is currently one of our biggest projects and a core focus for IJM as we look to apply the synergy we have as part of the wider IJM group,” said Mr Liew.