CapitaLand Investment Limited has announced a strategic partnership with Astaka Holdings to serve as the retail adviser for a new mixed-use development project with a gross development value of RM12 billion. This collaboration marks a significant step in the development of the project, which aims to integrate residential, commercial, and retail spaces.
The partnership was unveiled on 19 August 2025, with CapitaLand leveraging its extensive expertise in retail management to enhance the project’s commercial viability. The development, spearheaded by Astaka, is set to transform the local landscape by offering a blend of living, working, and leisure spaces.
CapitaLand’s role as a retail adviser will involve providing strategic insights and guidance to optimise the retail components of the development. This collaboration is expected to attract a diverse range of tenants and enhance the overall appeal of the project. The partnership underscores CapitaLand’s commitment to expanding its influence in the region’s real estate market.
The mixed-use development is anticipated to become a landmark destination, contributing to the economic growth of the area. By combining residential, commercial, and retail elements, the project aims to create a vibrant community hub that meets the needs of modern urban living.
As the project progresses, both CapitaLand and Astaka are poised to benefit from the synergies of their collaboration, potentially setting a precedent for future developments in the region. The partnership highlights the importance of strategic alliances in driving innovation and success in the real estate sector.
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