KUALA LUMPUR, 30 November 2019 – Sg. Besi Construction Sdn Bhd officiated its Memorandum of Understanding (MoU) signed with its prospective retail tenants and business owners for its food and beverage (F&B); corporate offices, hotel, medicare, pre-school and supermarket at The Glenz – an integrated lifestyle project which represents the first transit-oriented development (TOD) in Glenmarie.
Speaking at the press conference, Mak Hon Weng, Chief Operating Officer of Sg. Besi Construction Sdn Bhd expressed optimism in The Glenz unlocking excellent investment and business potential for both retail tenants and purchasers.
“Today marks a significant milestone for Sg Besi Construction Sdn Bhd, an associate member of the Golden Armani Group, as we announce the MoU with 22 retailers, corporate owners and hotelier which will provide a strong tenant mix at The Glenz, a Qlassic compliant integrated development with a Gross Development Value (GDV) of more than RM400 million. The development comprises 262 suites, 168 offices, eight units of 3-4 storey shops, a retail grocery and The Kensington Business Hotel,” he shared.
Mak said that Glenmarie is a central business hub where over 80 Multinational corporations (MNCs) congregate. Furthermore, complemented by LRT connectivity, it has easy access to other commercial centres of Bandar Utama, Kelana Jaya, Subang Jaya, Shah Alam, Klang and KL Sentral. It is also conveniently linked to at least five major highways.
Being the first transit oriented development in Glenmarie, the recent winner of the Best Commercial Suites Development category at Property Insight’s Prestigious Developer Award 2019 is a freehold development spread across 2.52 acres.
Strategically located adjacent to a thriving education and medical hub, the Glenz is poised to be the new iconic development to grace this sought-after prestigious commercial address in Glenmarie.
Meanwhile, the F&B tenants include Union Artisan Coffee; Fei Fan Hotpot; Ying Ker Luo Hakka Cuisine; Gajah Mada which serves Indonesia fare; Japanese dessert chain Fuwagori, Maruki Ramen Tokyo and Oliver Gourmet – the supermarket chain besides Q Bistro and Boozeat bar.
Their mix will be spread across the retail space while Oliver Gourmet, a fast emerging premium brand, renowned for its fresh meats and cook-to-order menus will occupy the anchor space spanning over 12,614 sq ft on ground level.
Also among the office tenants who signed up en bloc floors include the Vestland Group, Armani Group and KPR Group.