Hatten Land has signed a memorandum of understanding (MOU) with The Medici-Watermark (TMW) to manage the former’s three shopping malls located in Malacca, Malaysia.
TMW is an indirect 60%-owned subsidiary of Hatten Land. According to Hatten Land, TMW aims at creating new real estate value propositions “by merging physical property assets with the digital economy”.
The malls which will be managed by TMW are Elements Mall, Imperio Mall and Vedro by the River.
See also: Hatten Land shares draw SGX query on 62.9% surge
According to Hatten Land, TMW has launched Enterprise 1,000 initiative under its co-working space PRIME 53 to facilitate the collaboration and cooperation of 1,000 enterprises in Singapore and Malaysia.
“Businesses in every industry are transforming with digital technology to create new revenue streams and better engage customers. Backed by industry veterans, TMW has a tremendous opportunity ahead to empower business enterprises in Singapore and Malaysia to harness new opportunities as they transform and grow their business within our ecosystem,” says Dato’ Colin Tan, executive chairman and managing director of Hatten Land.
Shares in Hatten Land closed flat at 2.6 cents on June 21.
Photo: Hatten land
