PETALING JAYA: In a strategic move to push forward and expand its foothold across Malaysia, property developer Tropicana Corporation Bhd (Tropicana) is primed to take on more joint venture projects.
With over 40 years of experience, Tropicana is keen to explore opportunities with landowners looking to unlock their landbank in a strategic move to push forward and expand the group’s foothold across Malaysia.
To date, Tropicana has completed many successful projects across Malaysia and unlocked more than 1,500 acres of landbank.
“For 25 years, we have witnessed and celebrated many milestones and achievements with our valued partners. Together, we have successfully developed luxurious residences, commercial lots, mixed townships, shopping malls, five-star hotels, and international schools.
“We are humbled and very grateful for their confidence, trust, and support in us. Backed by my capable management team and committed workforce, I believe we are ready to take a big step forward and welcome more partners to join our Smart Partnership Programme,” said founder and group executive vice-chairman Tan Sri Tan Chee Sing.
The Tropicana Smart Partnership Programme began in 1996 when the developer entered into a strategic partnership with Selangor State Development Corporation (PKNS) to develop a 165.3ha township at Tropicana Indah Resort Homes.
In 2010, the group partnered with Iskandar Waterfront Sdn Bhd to build a 15.1ha mixed development known as Tropicana Danga Bay in Johor.
Tropicana was then invited to form alliances with other reputable local and international firms such as Ivory Properties Group, Marriott International, HK-listed Agile Property Holdings Ltd, GEMS Education, MBI Incorporated, Tenby Schools, and Temokin Development Sdn Bhd.
Thus far, the group has joined forces with 11 corporations, completed over 45 successful joint venture projects.
“We are also the proud owner of over 2,100 acres of strategic landbank worth over RM77 billion GDV across Malaysia, namely in Klang Valley, Genting Highlands, Langkawi, and Johor.
“To boost our business resilience and scale up our expansion plan, we invite landowners to join us, leverage on our expertise and unlock their landbank or we welcome corporations to partner with us to jointly develop our strategic landbank,” Tan added.