PETALING JAYA, 28 April 2021 – Leading builder, IJM Construction Sdn Bhd (“IJM Construction”), a wholly owned subsidiary of IJM Corporation Berhad (“IJM”) has secured two contracts – an RM89.8 million contract for the construction of infrastructure building and public realms works at Tun Razak Exchange (TRX), Kuala Lumpur, and another contract worth RM237.8 million for the construction of Mezzo residential tower at The Light City, 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 Mr Liew Hau Seng, CEO & Managing Director, IJM Corporation Berhad.

The first contract, awarded by TRX City Sdn Bhd, the master developer of TRX, in March is to undertake civil and 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 and be completed in 14 months. The project adds to IJM Construction’s current work 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 received the letter of acceptance (LOA) this month 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 and is expected to be completed within 42 months in November 2024.

The Mezzo contract win will add to IJM Construction’s growing footprint of projects in Penang. In March last year, IJM Construction 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.

In August last year, 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.

Commenting on The Light City, Mr Liew said: “Mezzo is the first residential component to be launched in 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.”

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About Mezzo and The Light City

Mezzo, the first residential component to be launched in The Light City, is part of a luxury twin residential tower project which offer a prestigious waterfront address. The 34-storey residential tower comprises 456 condominium units with a built-up size of 1,033 square feet for two-bedroom and 1,292 square feet for three-bedroom units.  Amenities include a swimming pool, aqua gym, jacuzzi, yoga pavilion, steam room, games room, fitness station, function room pool and more.

The Light City, which forms Phase 2 of The Light Waterfront Penang, spans across 32.76 acres is positioned as Penang’s premier integrated mixed-used waterfront precinct. Envisioned as a one-of-a-kind waterfront commercial city, The Light City features a dynamic combination of seamlessly integrated components, such as an international convention centre – Penang Waterfront Convention Centre (PWCC); The Waterfront Shoppes retail mall; hotel and office towers; and Mezzo and Essence luxurious high-rise residences. The Light City’s mixed development project spans across 4.1 million square feet with an estimated total gross development value of RM4.5 billion.

Situated adjacent to the Tun Dr Lim Chong Eu Expressway, it is easily accessible by both residents and travellers. The Penang Bridge, International Airport and Ferry Terminal are within a 10km radius, and the proposed The Light LRT Station of the Bayan Lepas LRT Line will be part of the development.

Mezzo, the first and a key residential component of The Light City with stunning views of the Penang Straits, had its soft launch in February this year.

About IJM Corporation Berhad

IJM Corporation Berhad (“IJM”), formed in 1983, is today one of Malaysia’s leading construction groups and is listed on Bursa Malaysia. Its business activities encompass construction, property development, manufacturing and quarrying, infrastructure concessions and plantations.

Headquartered in Selangor, its operations are located in 8 countries, with primary focus in Malaysia, India and Indonesia. The Group presently has a market capitalisation of around RM5.9 billion and as of December 2020, the Group employed around 4,100 employees and had total assets of RM23.9 billion.

The Group’s belief in a shared destiny with its employees remains pivotal to its growing success while its reputation for professionalism, performance and good governance is acknowledged by customers and investors alike from its numerous corporate and industry accolades. IJM is committed to ethical business conduct and subscribes to the principles of good corporate citizenship for sustainable growth and development.

For more information, visit www.ijm.com/">http://www.ijm.com/">www.ijm.com