PE Land Sdn Bhd, a pioneer developer in Bandar Cassia, is set to transform the Batu Kawan skyline with its first Grade A and green office tower in the northern region.
Called the Capstone Corporate Suites, this project will offer first-of-its-kind commercial offices and retail units to local and multinational companies seeking a unique and sustainable work environment in Batu Kawan.
Chief Minister Chow Kon Yeow commended PE Land for playing a key role in Batu Kawan’s journey towards becoming a self-sustaining ecosystem, solidifying its position as a destination not only for living and leisure but also for pioneering businesses, attracting investments and fostering economic vibrancy.
“Given our robust manufacturing capabilities, numerous companies are drawn to Penang for establishing their corporate services. This includes the exploration of venues for conducting global business inspections remotely.
“So, the demand for office towers in the state is unsurprising, and in fact, the Penang Development Corporation (PDC) have two similar projects in the pipeline in Bayan Lepas.
“As for this project in Batu Kawan, we are happy with PE Land’s commitment to ensure this initiative becomes a reality, especially considering the growing number of multinational companies here.
“These corporate suites are also capable of supporting other services, such as procurement and accounting-related works by businesses,” Chow said in his speech before officiating the ground-breaking ceremony of the Capstone Corporate Suites project in Batu Kawan today.
The 36-storey tower, which is strategically located adjacent to the Design Village Mall, is estimated to have a development value of RM500 million.
Expected to be completed in 2027, the tower will comprise 17 retail lots ranging from 2,110sq ft to 7,623sq ft, and 395 office spaces ranging from 1,179sq ft to 3,859sq ft.
The development will also include 1,740 covered parking lots with an additional 1,600 lots available next door at Design Village.
The Capstone Corporate Suites, upon completion, will stand as PE Land’s third venture in the area, following two notable projects: the acclaimed 24-acre outlet mall, the Design Village Mall, and the upcoming Anggun Residences, expected to be finished soon.
Meanwhile, PE Holdings Sdn Bhd chief executive officer Joanna Ling expressed her delight and was proud that PE Land has witnessed the transformation of Batu Kawan, from its humble beginnings to the vibrant township it is today.
“The evolution has been inspiring, and we are eager to continue contributing to Penang’s growth story.
“Our commitment to giving back to this community has only strengthened over the years,” Joanna said in her speech.
Among others present during the event were state Local Government, Town and Country Planning Committee chairman Jason H’ng Mooi Lye, Pansar Berhad managing director Datuk Jason Tai, PE Holdings Group managing director James Ling, PE Holdings Group deputy managing director Ronald Ling and Pansar Berhad chief operating officer David Tai.
PE Land is part of Pansar Group, a 60-year-old family-owned conglomerate based in Sarawak with branches and offices in Malaysia, Brunei and Singapore.
Story by Kevin Vimal
Pix by Muhamad Amir Irsyad Omar
Video Noor Siti Nabilah Noorazis