Snippets
MoU signing ceremony for The Glenz project
Focus Malaysia 02 Dec 2019 13:24

Sg. Besi Construction Sdn Bhd today officiated its Memorandum of Understanding (MoU) signed with its prospective retail tenants and business owners for its food and beverage (F&B); corporate offices, hotel, medicare, pre-school and supermarket at The Glenz - an integrated lifestyle project which represents the first transit-oriented development (TOD) in Glenmarie. 

These F&B tenants include Union Artisan Coffee; Fei Fan Hotpot; Ying Ker Luo Hakka Cuisine; Gajah Mada which serves Indonesia fare; Japanese dessert chain Fuwagori, Maruki Ramen Tokyo and Oliver Gourmet - the supermarket chain besides Q Bistro and Boozeat bar.

Meanwhile, Jungle House as well as the preschool and day-care centre, Mont Trinity, will also add value to the development. Other eye openers include the first in Malaysia WeGlam beauty hub that will occupy 10,000 sq ft of space with an event space, private studios and meeting rooms complemented by a beauty and hairdresser area as well as manicure and pedicure space; Helix Healthcare and The Glenz Business Hotel.

That’s not forgetting VMO – an exclusive event booking platform partner as well as Jiangsu Suzhong Construction Group Co., Ltd – a Chinese private international contractor which is ranked among China’s top 500 companies with a total workforce of 49,270 employees there and an annual revenue of approximately RMB 60 billion (RM35.04 billion) which are among its major tenants.

 Also among the office tenants who signed up en bloc floors include the Vestland Group, Armani Group and KPR Group. 

The F&B tenant mix will be spread across the retail space while Oliver Gourmet, a fast emerging premium brand, renowned for its fresh meats and cook-to-order menus will occupy the anchor space spanning over 12,614 sq ft on ground level. 

Being the first transit oriented development in Glenmarie, the recent winner of the Best Commercial Suites Development category at Property Insight’s Prestigious Developer Award 2019 is a freehold development spread across 2.52 acres. Strategically located adjacent to a thriving education and medical hub, the Glenz is poised to be the new iconic development to grace this sought-after prestigious commercial address in Glenmarie.

At the press conference held at Citta Mall in Ara Damansara which was also attended by the key tenants and prospective buyers, Mak Hon Weng, Chief Operating Officer of Sg. Besi Construction Sdn Bhd expressed optimism in The Glenz unlocking excellent investment and business potential for both retail tenants and purchasers.

“Today marks a significant milestone for Sg Besi Construction Sdn Bhd, an associate member of the Golden Armani Group, as we announce the MoU with 22 retailers, corporate owners and hotelier which will provide a strong tenant mix at The Glenz,  a Qlassic compliant integrated development with a Gross Development Value (GDV) of more than RM400 million. The development comprises 262 suites, 168 offices, eight units of 3-4 storey shops, a retail grocery and The Kensington Business Hotel he shared.

“The Glenz is expected to add value creation to Glenmarie with its well-planned low density profile. Being priced lower as compared with other transit oriented developments (TODs) with similar density, he says this is a golden opportunity not to be missed.

In terms of location, Glenmarie he added is a central business hub where over 80 Multinational corporations (MNCs) congregate. Furthermore, complemented by LRT connectivity, it has easy access to other commercial centres of Bandar Utama, Kelana Jaya, Subang Jaya, Shah Alam, Klang and KL Sentral. It is also conveniently linked to at least five major highways

“The Glenz is an exciting business address strategically located and intelligently built with ample parking bays. It is an integrated development that offer a conducive and convenient place for work and leisure pursuits besides being an excellent investment opportunity,” he added.



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