Malaysian conglomerate partners with Ascott for KL serviced apartments

George Sell George Sell Uploaded 01 October 2019

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Malaysia: Naza TTDI Sdn Bhd, the property arm of Naza Group, is partnering with Ascott for a 262-unit serviced apartment building in KL Metropolis.

Somerset KL Metropolis, which has a gross development value (GDV) of RM333 million, is part of the MET 1 development in KL Metropolis. KL Metropolis is a 75.5-acre mixed-use development with a GDV of RM20 billion, comprising residences, hotels, retail, entertainment attractions and offices.

Naza TTDI group managing director SM Faliq SM Nasimuddin said: "We believe that this partnership will add value to the stakeholders of both companies, locally and internationally. We chose to work with Ascott due to the strength of their brand and services globally."

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