RQSB – Johor Bahru Mixed-Use Development – Johor - Project Profile
"RQSB – Johor Bahru Mixed-Use Development – Johor - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Rhythm Quest Sdn Bhd (RQSB), is planning to undertake the development of a commercial facility in Johor, Malaysia.
RQSB is a special purpose vehicle (SPV) formed by Wisdom 88 Sdn Bhd (WSB), a wholly owned subsidiary of Tropicana Corporation Berhad (TROP) and Danga Bay Sdn Bhd (DBSB).
The project involves the construction of commercial facilities on a 2.4ha of land It will include the construction of a hotel, an office facility, shops and cafes, entertainment zones and parking facilities; and the installation of safety and security systems.
On Feb 7, 2013 WSB entered into a Shareholders Agreement with Danga Bay Sdn Bhd to form a SPV, to undertake the development and construction of the project.
On January 7, 2014, the sale and purchase agreement for the proposed land acquisition became unconditional and completed on July 18, 2014.
The project involves the construction of commercial facilities on a 2.4ha of land in Johor Bharu, Johor, Malaysia.
The US$336 million project includes the following:
1. Construction of a hotel
2. Construction of an office facility
3. Construction of shops and cafes
4. Construction of entertainment zones
5. Construction of parking facilities
6. Installation of safety and security systems
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