In January 2018, MTD Capital was appointed by the Philippines Bases Conversion and Development Authority (BCDA) to undertake the National Government Administrative Centre (NGAC) – Phase 1A and Phase 1B, in Clark City (former US air base). Phase 1A involves the construction of sports facilities (20,000 seater athletic stadium, 2,000 seater aquatic centre and housing for 1,000 athletes), government office, government housing, river park and commercial spaces has a total project costs estimated at USD245 million. Philippines will play host to the South East Asian Games in December 2019.
In India, the Group undertook the design and construction of an elevated viaduct and stations for the Delhi Metro Project. In Abu Dhabi, the Group supplied reinforced concrete tunnel linings for the Dubai Metro project; and precast segmental box girders totalling 15km for the six storey Jamarat Bridge Project in Mina, Saudi Arabia.
The Group also supplied reinforced concrete tunnel linings for the Mass Rapid Transit (MRT) project in Singapore.
Metacorp’s first overseas property development project was the 28 twin key apartments in Blue Horizon Resort in Airlie Beach in Whitsundays, Queensland, Australia, which was completed in 2007. In 2011, it completed its first boutique residential development in Wreckyn Street, North Melbourne, Victoria, comprising 37 apartments & 5 home offices. This was followed by 88 Dow Street in Port Melbourne with 39 apartments completed in 2013, and 6 Murphy Street in South Yarra, Victoria, Australia comprising 59 apartments and one retail completed in 2015.
The latest offering is Rockley Gardens on 339 Toorak Road, South Yarra, comprising 49 apartments and one retail with a gross realisation value of AUD63 million. With Rockley Gardens acting as the backdrop to Rockley Apartments, the park becomes an extension of the property, a true rarity in today’s built up urban environment. Connected to the unrivalled and highly covetable suburb of Toorak, it enjoys the local village context of independent eateries, boutiques and parks with the Yarra River just a stone throw away, and the Royal Botanical Gardens just beyond.
From 2012 to 2014, the Group acquired a portfolio of 56 residential properties in Los Angeles and San Diego, California in the USA, with market valuation of USD64 million.
The Group marked its re-entry into the London real estate market when MTD Capital submitted a bid for the One Crown Place site, London EC2 in April 2013. Competing against several big UK developers over three rounds of bidding, the Group was selected as the preferred bidder by Sun Street Properties Ltd, a subsidiary of UBS in May. The purchase was completed in June.
Located in one of London’s fast growing market areas, the Group’s vision for this strategic and landmark property was for a mixed use scheme, even though the site came with full planning consent for a grade A office scheme.