KUALA LUMPUR, 30 March: Sunsuria Berhad and Savanna Landscaping founder Gan Teck Boon have entered into a joint-venture (JV) agreement to operate and manage the landscape and nursery functions of Sunsuria’s group of businesses.
Under the JV agreement, Sunsuria’s subsidiaries – Sunsuria Arena Sdn Bhd and Sunsuria Gateway Sdn Bhd – together with Gan, will establish a JV company, Sunsuria Landscape & Nursery Sdn Bhd, to undertake the relevant landscaping work for all properties developed by Sunsuria.
Sunsuria will be investing RM100 million into the total landscaping budget for its landmark township Sunsuria City, which covers individual plot landscape work and township streetscape.
“This investment demonstrates our commitment to the ‘Smart, Livable and Sustainable’ proposition for Sunsuria City, which is a low-carbon and green township,” says Sunsuria Berhad’s Executive Chairman Datuk Ter Leong Yap.
Sunsuria Berhad’s Chief Executive Officer Koong Wai Seng says that JV leverages Gan’s more than two decades of experience in the landscaping business, and allows Sunsuria to internalise the group’s landscaping function to provide a seamless green experience across all property developments.
“Moving forward, we will eventually set up our own plant nursery within Sunsuria City as a long-term, sustainable means of growing and maturing our own greenery. With Gan’s experience, the JV will achieve operational efficiencies and economies of scale from the potential size of landscaping works. This will enhance our margins in the long run,” says Koong.