Trinity Group Sdn Bhd has entered into a joint venture agreement with Team Builder Ventures Sdn Bhd to build a mixed-development on a 3.71-acre leasehold parcel in Seri Kembangan.
Team Builder Ventures managing director Tham Sun Weng and Trinity managing director Dato’ Neoh Soo Keat inked the agreement today, Trinity announced in a statement.
The project, named Zeva, will come up in Bandar Putra Permai and feature properties at entry-level prices, said the group.
"With a prime slot of land in Seri Kembangan, we searched for a joint-venture partner to unlock the full investment potential and value that this land had to offer. Trinity Group with its reputation and track record of outstanding value-added developments was the most fitting choice for us. This partnership enables us to tap into Trinity Groups' strengths in research and development and technical expertise to deliver high-quality and value-added offerings," said Tham.
Team Builder Ventures, a subsidiary of property investment and development company Nagariang Development Sdn Bhd, is the landowner.
"The challenge for 2012 remains for developers to innovate, add value and differentiate themselves in an increasingly competitive property market. We at Trinity Group recognise that we must be more resourceful and creative than ever before. This partnership reflects our readiness to collaborate with other players to bring products and services that are the best in its class to our buyers," said Neoh.
"Forging a mutually-beneficial partnership enables us to deliver the best possible offering to our valued customers in a timely and cost-effective manner without compromising on quality," he added.