Sarawak-based PE Land Sdn Bhd is launching its third project in Penang with the launch of Capstone Corporate Suites in Batu Kawan.
After successfully completing two significant projects in this northern region, including the 24-acres award-winning outlet mall, Design Village Penang, Capstone Corporate Suites is set to be the first Grade A, Green Office Tower in Batu Kawan, offering the first-of-its-kind commercial offices and retail units to local and multinational companies seeking a unique and
sustainable workspace environment in the Northern region
The development is located adjacent to Design Village, the largest outlet mall in Malaysia, and esteemed Anggun Residences, as well as a 32-acre Linear Park. It occupies a land area of 2.4 acres of the total 40 acres land area owned by PE Land. The Gross Development Value for this project is estimated to be RM 500million, with the project expected to reach completion in 2027. The tower will comprise of 17 retail lots ranging from 2,110 sq ft to 7,623 sq ft and 395 office spaces ranging from
1,179 sq ft to 3,859 sq ft. That is designed to be flexible. The development will include 1,740 covered parking lots with additional 1600 carpark lots available next door in Design Village.
“We see great potential in Bandar Cassia, Batu Kawan since we started with our maiden project here a decade ago. We believe Design Village Outlet Mall has also been a big contributing factor in transforming this township into one of the most vibrant in Batu Kawan today and in contributing to Penang’s growth story. We are also pleased that our project, Anggun Residences achieved 95% take up rate since its launch in 2021,” said Joanna Ling, CEO of PE Holdings Sdn Bhd.
