Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Monday, November 28, 2011

techpark@enstek expects to draw more foreign biotech firms

KUALA LUMPUR: TH Properties Sdn Bhd expects more foreign biotechnology companies seeking expansion to set up shop at techpark@enstek in Sepang, Selangor.

techpark@enstek is the biotech hub at Bandar Enstek, TH Properties's ongoing 2,046ha integrated township development in Sepang.

So far, Phase 1 of techpark@enstek has attracted 21 companies with a combined investments exceeding RM1 billion.

TH Properties group managing director and chief executive officer Datuk Roszali Othman said the company expects to ink agreements with three more companies by early next year.

"They are serious in expanding their operations and are targeting our biotech hub because of the facilities we provide and its close proximity to the airport," he told Business Times in an interview recently.

Roszali said that there are more enquiries now from local and foreign parties on available land at techpark@enstek.

"We have 30ha remaining under Phase 1 and this will be fully taken up when the three companies come in. We expect to launch Phase 2, which will have 160ha of land valued at around RM400 million, a year from now," he said.

Bandar Enstek is located nearby the Sepang F1 Circuit and the Kuala Lumpur International Airport.

The township comprises four main components, namely residential, a commercial hub, institutional zones and techpark@enstek.

Since its inception in 1999, the township has attracted investments of more than RM2 billion from government bodies and the corporate sector.

"We are planning more recreational facilities at the whole of Bandar Enstek. We want to get more profits. As the township matures, we want to rake in high margins," he said.

By Business Times

No comments: