BOUTIQUE property developer Rivertree Group (Rivertree) recently launched its maiden industrial project called “Esteem Business Park” with a gross development value (GDV) of RM180 mil in Klang.
Esteem Business Park is an award-winning project that has won multiple awards namely “The Star Property Awards 2022” with Excellence Award for the Business Estate Award Category and “International Property Award for the Year 2022-23” – Best in Asia Pacific under the Commercial & Manufacturing Development Category.
Besides, Rivertree is also the first Malaysian company to have won at the regionals since the International Property Awards London started 30 years ago.
“The launch of Esteem Business Park represents another milestone for the Group as this is our maiden industrial project,” commented Rivertree Group managing director Datuk Simon David Leong.
“Although Rivertree is quite new in the property development sector having started development only in 2015, we have a proven track record of commercial and residential property projects in Klang Valley with strong take-up rates and positive feedback.”
Esteem Business Park is located at the heart of the Taman Perindustrian Meru Selatan industrial hub and near established townships. The strategic location offers ready connectivity to major expressway, several transport links and multimodal distribution networks across land, air and sea.
The project with a land size of 10.03 acres is developed as a medium industrial development comprising 39 industrial units which will be developed over two phases. All units have innovative flexi-space with super-sized jumbo factory space and comes with a goods hoist for easy transfer of goods.
According to Leong, industrial development has gained more momentum as businesses adapt to the risks of supply chain disruptions following the COVID-19 pandemic over the last two years while customers are in need of more warehousing space than ever.
“Esteem Business Park’s unique factory design and layout was born after much discussion and engagement with industrial operators and end users,” he shared.
“According to the local authorities, our design is the first of its kind in Klang and possibly Selangor. That is why we decided to give it a suitable unique name, ie ‘super-sized jumbo factory’ for its sheer size in its class.”
Leong added that the modern design with full height glazed windows and large screens offers natural lighting, good ventilation, flexibility and practicality to customers by maximising utilisation of business space.
“Together with our strategic location, we ensure that the industrial park will boost speed, easy integration of business processes and increase efficiency for our customers,” he projected.
Furthermore, the industrial development will be developed in two phases where the soft launch of its Phase 1 was done in June last year and is targeted to be completed by 2025 while Phase 2 is targeted to be completed in 2026.
Elsewhere, Rivertree also incorporated eco-smart solutions into its Esteem Business Park to push forward its sustainability goals.
“Businesses are becoming more aware of the importance of ESG (environment, social and environment) compliance and going green, which is why we are incorporating some of these unique features into our industrial property development,” noted Leong.
The features include EV (electric vehicle)-charger stations, large-glazed windows for good ventilation, rainwater harvest system ready, water-saving faucets, flushes and fittings in the toilet and sink areas, and solar panel to generate recurring income for customers who opt to rent out their roofs, etc. — Feb 16, 2023
