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It represents the coming of the Bukit Kiara Group and United Arab Emirates’ Al Batha Group as a new joint-venture entity known as Al Batha Bukit Kiara Holdings.

All systems go... L-R: BKP's Group Managing Director NK Tong, Al Batha Vice Chairman Sheikh Salem, BKP's Group Chairman Dato' Alan Tong and Al Batha Group Managing Director Rainer Joechen give their unified approval to the formation of Al Batha Bukit Kiara Holdings.

The dawn of this property entity will see the Holdings embarking on boutique development in prestigious landmarks such as Mont’Kiara, Kuala Lumpur City Centre (KLCC) and Jalan Ampang’s Ambassadors Row.

The exclusive Ambangan* project will be built at the prestigious Ambassador's Row in Jalan Ampang. The proposed VERVE® Suites KLCC* will be one of the developments undertaken by the new identity.

As part of their vision to develop boutique family and community living, the Holdings will offer new solutions to enhance the home ownership experience where exquisite residences are passionately matched by innovative lifestyle. With the diversified business strength and reputation of Al Batha, UAE’s residents will now be able to relate better to a Malaysian property developer.

This will pave the way for the Holdings to set up a marketing and service centre in UAE. Bukit Kiara Group Managing Director NK Tong said the Holdings would have an equity ratio of 40-60 with Al Batha Group taking the 40% and the rest by Bukit Kiara Group.

Three developments will come under the wings of the newly formed joint-venture entity. Four-tower VERVE® Suites Mont’Kiara, the proposed VERVE® Suites KLCC* along Jalan Tun Razak and an up-and–coming low rise luxury apartment block known as the Ambangan* along Jalan Madge, also in KL.

*Project names subject to authorities's approval

 

 

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