Real Estate Management and Development
Company Overview of Tan & Tan Developments Berhad
Tan & Tan Developments Berhad, a property development company, develops condominiums, landed properties and gated communities, and commercial and residential buildings. The company was founded in 1971 and is based in Kuala Lumpur, Malaysia. As of December 31, 2003, Tan & Tan Developments Berhad operates as a subsidiary of IGB Corp. Bhd.
Suite 5.02, Level 5
The Gardens South Tower
Mid Valley City
Lingkaran Syed Putra
Kuala Lumpur, 59200
Founded in 1971
Key Executives for Tan & Tan Developments Berhad
Chief Executive Officer and Executive Director
Compensation as of Fiscal Year 2015.
Tan & Tan Developments Berhad Key Developments
Tan & Tan Developments Berhad Signs Joint Venture Agreement with MJR Investment Pte Ltd
Sep 30 14
Tan & Tan Developments Berhad signed a joint venture agreement with MJR Investment Pte Ltd. which will allow the parties to co-operate and collaborate to jointly develop a piece of land in KLCC, Kuala Lumpur. The agreement was signed by Tan Boon Lee, Chief Executive Officer of Tan & Tan, Teh Boon Ghee, Executive Director of Tan & Tan, Katsuaki Mori, Senior Executive Office of MJR, and Shojiro Kojima, Managing Director of Mitsubishi Estate Asia. The agreement sees the company's enter into a joint venture through an equity participation in Cipta Klasik (M) Sdn Bhd a single purpose vehicle set up for the purposes of this development, with Tan & Tan owning a 70% stake in the company and MJRI owning the remaining 30%. The planned development has a Gross Development Value of MYR 650 million. As part of the agreement, the company has also been appointed as the project manager, marketing consultant, and sales administration manager in relation to this project and will leverage its vast experience in property development and knowledge of the Malaysian property landscape to see through to completion its development. The agreement also marks a significant step for the Mitsubishi Estate Group as it is the company's first foray into Malaysia as part of its longer term plan to accelerate its growth in Asia's fast growing markets through strengthening its international business network and jointly developing projects with local partners.
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