ARMADA PROPERTIES SIGNS TENANCY AGREEMENT WITH HENGYI INDUSTRIES

Tuesday, 8 September 2020

Armada Properties Sdn Bhd (“Armada”), a subsidiary of Darussalam Assets Sdn Bhd (“DA”), held a ceremony today to officiate the Handover of Keys for Tanjong Batu Apartments to Hengyi Industries Sdn Bhd (“Hengyi”).

The event was witnessed by YM Dato Seri Paduka Awg Haji Ahmaddin bin Haji Abdul Rahman, Deputy Minister of Finance and Economy (Fiscal) and Chairman of Armada’s Board of Directors. The event was also attended by YM Dato Seri Paduka Awg Haji Marzuke bin Haji Mohsin, Deputy Minister of Development and Deputy Chairman of Armada’s Board of Directors, YM Awang Haji Khairuddin bin Haji Abdul Hamid, Permanent Secretary (Investment) of Ministry of Finance and Economy and Chief Executive Officer of DA, senior representative of Hengyi and Armada.

The event saw the signing of an agreement for the tenancy of the Tanjong Batu Apartments, followed by the handing over of a ceremonial key presented by YM Desmond Lim, the Chief Executive Officer of Armada, to YM Chen Lian Cai, the Chief Executive Officer of Hengyi.

The Tanjong Batu Apartments is a pilot project by Armada to refurbish old apartments into modern homes to support His Majesty’s Government in its effort to maximise the use of existing assets as part of achieving sustainable development. Located at Jalan Tanjong Batu in Muara, the refurbishment was customized to Hengyi’s requirements and was completed in four months. The development features forty-eight two-bedroom apartments in fully gated compound, with amenities such as a badminton court, common room, gym and cafeteria. This also includes facilities management services such as security, janitorial services and pest control to ensure the safety and comfort of Hengyi’s staff.

The refurbishment are initiatives that support Armada’s mission of contributing to economic development and nation building through real estate assets and services.

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