Abu Dhabi-based Tasweek Real Estate Marketing and Development is buying a minority interest in property developer Superboom Projects Sdn Bhd- Superboom is developing the RM250 million high-end condominium project named The Haven Lakeside Residences in Ipoh, Perak- The deal was signed last weekend- Superboom chief executive officer Peter Chan declined to specify the stake size nor the amount paid by Tasweek- "This is a strategic alliance between us and Tasweek to take on more projects in Malaysia- They were very impressed with our development and have decided to invest in Malaysia," said Chan- He added that the group will provide funds for the project and market the units in the Middle East- The deal comes just a week after Superboom appointed Best Western International Inc, one of the world's largest hotel chains, to manage, market and lease the units internationally- Set for completion in 2013, The Haven will see its three 26-storey towers with 165 units each becoming the tallest buildings in Perak- China's Beijing Construction & Engineering and Bina Puri Holdings Bhd have been given a contract worth RM109 million to construct the buildings- According to Chan, 85 per cent of Block A and 60 per cent of Block C have been sold to property investors in Malaysia, Singapore, Hong Kong, India, Europe and the Middle East in the last nine months- Block B was launched last weekend and he expects half of the building to be sold within three to six months- Buyers are attracted to The Haven as it overlooks a 1-6ha private natural lake with running water, a 14-storey high monolithic limestone rock formation, and the existing 280 million-year-old limestone hills- The Haven is aimed to be among the first developments to embark on all feasible avenues of harvesting nature's renewable and sustainable resources such as wind, water, bio-gas and pro-active mechanical resources to power and maintain common areas-  ...

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