From Massita Ahmad
SYDNEY, Nov 12 (Bernama) -- TH Properties Sdn Bhd, the property development arm of Malaysia's pilgrimage fund Lembaga Tabung Haji, has embarked on further developments with a Gross Development Value (GDV) exceeding A$800 million to meet the rising demand for apartments in Sydney.
It has just completed its A$220 million Bay Pavilions property development project, its first overseas project. Located at Burns Bay Road Lane Cove, the key handover ceremony is held at Lane Cove here Thursday.
Separately, TH Properties has also secured the Imperial Hurstville project located at Treacy Street, Hurstville with the ground breaking ceremony also being held today.
The Bay Pavilions project, undertaken by THP Bay Pavilions Corporation, a wholly-owned subsidiary of TH Properties, comprises 270 residential apartments.
The Imperial Hurstville development, undertaken by THP Australia Corporation, also a wholly-owned unit of TH Properties, consists of 227 residential apartments and eight units of retail shops with a GDV of about A$200 million.....