Penang firm sets its sights on Klang Valley


  • News
  • Thursday, 30 Mar 2017

A view of Aspen Groups new concept gallery and office in Glenmarie, Shah Alam.

PENANG-based developer Aspen Group has set foot in Klang Valley with the opening of its Central Region Concept Gallery in Glenmarie, Shah Alam.

Group chief executive officer Datuk Murly Manokharan said there are three main reasons the company is making its presence known here.

“We have a lot of existing customers in the Klang Valley who have invested in Penang, especially in Batu Kawan where Aspen Vision City is.”

He said with the substantial commercial and retail investors hailing from the region, the gallery would be an added value to keep them notified of updates and development progresses.

Murly added that the company had also acquired parcels of land in Kajang and Subang of late, and are eyeing some parts of land within the Klang Valley.

“The gallery is basically to warm up the market here, for people to see who we are and what we can do.

“We’re hopeful that the projects here can be launched by the year end or early next year,” he said.

With the company going for an Initial Public Offering (IPO) in Singapore by the third quarter of this year, Murly said the gallery would be acting as its regional investor relations (IR) office.

“People can easily find us, and we can serve them both in Klang Valley and Penang.”

The developer invested a total of RM20mil into the building.

Along with the gallery opening, Aspen Group opened up the preview for the Vittoria Financial Centre in Aspen Vision City at Batu Kawan, Penang.

Murly said the commercial development came as an answer to office space demands in the Batu Kawan region.

With the opening of its Central Region Concept Gallery in Glenmarie, Aspen Group can reach out to Klang Valley-based customers effectively.
With the opening of its Central Region Concept Gallery in Glenmarie, Aspen Group can reach out to Klang Valley-based customers effectively.

“There are a lot of things that are happening there now; MNCs, retailers and education institutions are coming in.

“Office spaces are definitely a requirement,” he noted.

“We’re not building an office which people need now, but one they will need in the future, where technology is going to play a key role in the commercial environment.”

He added that Vittoria Financial Centre has entered into a partnership with IBM, Telekom and Schindler to create a complete technology infrastructure.

“What we do is create certainties to buyers or future tenants that the office space will be relevant when we hand it to them three years down the road,” Murly highlighted.

The development has received a fair amount of attention, with more than 5,000 interested registrants over the last six months.

Murly says the gallery in Shah Alam will enable them to serve prospective customers in Klang Valley and Penang.
Murly says the gallery in Shah Alam will enable them to serve prospective customers in Klang Valley and Penang.

The project has a total of 231 units of office suites with built-ups ranging from 610sq ft to 1,415sq ft, and shared access to services and facilities such as boardrooms, smart conference facilities, auditorium, sky gym and swimming pool.

It has a gross development value (GDV) of RM237.6mil.


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