MAIN Market-listed property developer Paragon Globe Bhd (PGB) (formerly Goh Ban Huat Bhd) has achieved multiple GreenRE certifications for its projects, thus further solidifying its commitment to sustainability.
The group’s wholly-owned subsidiary Paragon Platinum Sdn Bhd has obtained the Bronze Provisional GreenRE Certification for its Desa 27 Plot 3 and Plot 4 freehold industrial land project in Desa Cemerlang, Johor Bahru.
Additionally, Paragon Bizhub Sdn Bhd, another PGB subsidiary, has been accorded the Silver Provisional GreenRE Certification for its workers’ hostel in Pekan Nenas Industrial Park.
The 27-acre Desa 27 project showcases PGB’s innovative approach to sustainable industrial spaces. Featuring five plots of detached factories with a design-and-build concept, Desa 27 empowers tenants to customise their facilities while adhering to green building standards.
“These GreenRE certifications underscore our commitment to creating environmentally responsible developments that meet the needs of modern businesses,” commented PGB’s executive chairman Datuk Seri Edwin Tan Pei Seng.
“Desa 27 is a prime example of how we integrate sustainability into our projects while enhancing value for our tenants and contributing to a greener future for Malaysia.”
Beyond industrial developments, the workers’ hostel developed by Paragon Bizhub entails four blocks of five-storey buildings with 240 hostel units which could accommodate up to 3,600 workers.
This GreenRE recognition highlights PGB’s dedication to providing eco-conscious and comfortable living spaces for its workforce.
Very broadly, the GreenRE certification developed by the Real Estate and Housing Developers Association (REHDA) Malaysia is a comprehensive green building rating system that evaluates a building’s environmental performance.
It assesses key criteria such as energy efficiency, water conservation, indoor environmental quality and sustainable material usage.
By achieving these certifications, PGB demonstrates its alignment with ESG (environmental, social and governance) principles as well as its commitment to creating sustainable developments that benefit both tenants and the environment.
Indeed, the GreenRE certification is able to enhance the value of PGB’s properties by attracting environmentally conscious tenants and investors.
Moving forward, PGB is committed to integrating GreenRE principles across its portfolio of developments, including its upcoming serviced apartment projects in Johor Bahru.
“Sustainability is at the core of our business strategy,” envisages Tan. “We believe that by developing GreenRE-certified projects, we’re not only creating value for our stakeholders but also contributing to a more sustainable future for Malaysia.”
At the close of today’s (Dec 18) market trading, PGB was down 1.5 sen or 4% to 36 sen with 2.8 million shares traded, thus valuing the company at RM269 mil. – Dec 18, 2024
