Wednesday, 17 January 2024 - AmBank Group has granted RM158,500,000 financing facilities to Lembaran Beruntung Sdn Bhd (a member of EXSIM) (“EXSIM”) to part finance the development costs for its latest project, Branniganz Suites @ Bukit Bintang, located at Kuala Lumpur. The 50-storey high rise tower comprising 269 units of serviced apartments (HDA units), 490 units of office suites (non-HDA units), and 3 retail lots is situated within close proximity to prime areas in KL's Golden Triangle.
As part of the bank’s support towards financing sustainable real estate developments, particularly in prime urban areas, this marks the 14th project in which the bank has financed for EXSIM, the first being in 2008. As to date, EXSIM has launched 38 developments with a GDV close to RM16 billion.
“We are very pleased to continue supporting EXSIM, one of our long-standing customers in AmBank, in their growth and sustainability journey. With their reputable track record in property development over the years, it is an honour to be entrusted with providing our financial support towards EXSIM’s continued expansion in creating sustainable and inclusive developments that uplifts the urban landscape of Kuala Lumpur,” said Jamie Ling, Group Chief Executive Officer, AmBank Group.
Christopher Yap, Managing Director, Business Banking, AmBank Group said, “We are honoured to continue our support towards building sustainable development projects with EXSIM. As this is their latest project located in the heart of the city, we can expect that prospects will be positive for Branniganz Suites @ Bukit Bintang. We hope to continue to expand opportunities in the coming years and working together with clients who share a common goal with us in building a greener economy. At AmBank Group, we take immense pride in supporting our clients’ sustainable initiatives with financing, and through this we look forward to continued success together in shaping a more sustainable future.”
Lim Aik Hoe, Managing Director, EXSIM said “EXSIM is overwhelmed with the tremendous support received from AmBank over the years and is pleased to continue exploring more sustainable developments with AmBank’s continued financing facilities. With the same goal in mind, EXSIM undoubtedly believes that committing and integrating Environmental, Social and Governance related matters will definitely lead to building a sustainable future.”
