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Old September 1st, 2007, 04:47 AM   #1
nazrey
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PENANG | Penang Global City Centre (PGCC) Development News

15 years to complete RM18b Penang City Centre
By DAVID TAN


BUTTERWORTH: The RM18bil Penang City Centre (PCC) project by Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd, will take 15 years to complete.

Equine holds a 25% stake in Abad Naluri, which is developing PCC on the 260-acre site where the Penang Turf Club is presently located.

The PCC is one of the projects highlighted in the Northern Corridor Economic Region (NCER) blueprint.

Equine executive chairman Datuk Patrick Lim said two award-winning architects, one each from New York and Paris, would design the project.

“Hani Rashid from Asymptote Architecture in New York will design the architecture, which includes two iconic towers, while Nasrine Seraji from Atelier Seraji in Paris will design the master plan,” he told reporters after the launch of the NCER Penang portion blueprint by Prime Minister Datuk Seri Abdullah Ahmad Badawi yesterday.

Lim said the PCC master plan would be unveiled in September while the project would be launched in eight to 12 months.

The first phase would involve the development of a 26-acre park, and road infrastructure to smoothen the traffic flow for the project, he said.

“The park will be connected to the Botanical Garden. We will use the technologies such as thermal treatment, to develop PCC into a carbon-free city,” he said.

“We want to make PCC the first such city in the world. Shanghai is planning to be carbon free, but we are ready to implement the technologies to make it happen in PCC soon.”

Lim said the PCC project would have two five-star hotels, commercial and residential properties, and a state-of-the-art cultural centre.

Lim said there were many options to fund the project, including joint ventures and issuing capital bonds.

“We are also applying for MSC status to attract information and communications technology companies to set up regional offices at the park.”

On the Penang International Equestrian Centre in Batu Kawan, Lim said Abad Naluri would start work on the centre once construction work commenced on the second Penang bridge.
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Old September 1st, 2007, 04:49 AM   #2
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The Site

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Old September 1st, 2007, 04:50 AM   #3
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The first proposal of PGCC designed by Asymptote.

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Originally Posted by patchay

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Old September 1st, 2007, 04:51 AM   #4
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Equine associate to build RM140m flyovers at PGCC
Thursday August 30, 2007
By DAVID TAN




Datuk Patrick Lim with an artist impression of the Penang Global City Centre


PENANG: Abad Naluri Sdn Bhd, an associate of Equine Capital Bhd, is spending about RM140mil to build two flyovers to connect the RM25bil Penang Global City Centre (PGCC) project with the Penang Outer Ring Road (PORR).

Equine holds a 25% stake in Abad Naluri, which is developing PGCC on the 260-site where the Penang Turf Club is now located.

Equine executive chairman Datuk Patrick Lim said the flyovers would come with underpasses.

“We are working with MHA (Malaysian Highway Authority) to determine how the flyovers, which are part of our traffic infrastructure project, could complement PORR and three other chain roads in smoothening traffic flow,” he told a media briefing.

Lim said construction work on the traffic infrastructure, which forms the first phase of PGCC, would start next year.



“The phase will take about three years to complete,” he said, adding that its cost would be disclosed later.

Lim also said Abad Naluri would commit a substantial portion of the gross development value of PGCC for the creation of a green environment.

“About 40% of the project would be green and open spaces,” he said.

Abad Naluri would build facilities in PGCC to reduce carbon monoxide, recycle heat and treat waste, he said, adding: “These facilities will be put in place as we want to make PGCC a carbon-free city.”

Lim added that PGCC would be a “city of tomorrow”.

“We will not have the biggest or tallest tower in PGCC. We want PGCC to have good values and iconic buildings that will give it a unique identity.”

Scheduled for completion in 15 years, PGCC will have two five-star hotels, commercial and residential properties, and a state-of-the-art cultural centre.

Lim said the PGCC project would be officially launched on Sept 12.
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Old September 4th, 2007, 08:21 AM   #5
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BizFocus:
Equine's ambitious plan to bring new shine to Penang

By Marina Emmanuel
September 3 2007

THE face of Penang island is set to change with the entry of property player Equine Capital Bhd.

The company, via associate Abad Naluri Sdn Bhd, wants to create a world-class and self-contained city in George Town where eco-living, architectural icons and high technology rule.

The "Penang Global City Centre" (PGCC), with an estimated gross development value (GDV) of RM25 billion, will be sited on a 104ha plot where the Penang Turf Club currently stands.

It is billed as the largest commercial development in Penang. Equine Capital holds a 25 per cent stake in Abad Naluri.

"We want to offer solutions for tomorrow's city and enhance the Penang brand name," Equine executive chairman Datuk Patrick Lim said.

"This new city centre for Penang will incorporate many technology- and ecology-based components, and will be modelled along the lines of the Kuala Lumpur City Centre."

The project will be marketed as one of the world's first zero-carbon cities where pollution will be kept to a minimum.

It will offer tax breaks to technology firms wishing to set up shop as PGCC will have Multimedia Super Corridor status, Lim added.

While Abu Dhabi in the United Arab Emirates is slated to emerge as the world's first zero-carbon city by 2009, other countries around the world which are developing similar cities include China and the US.

The eco-city development on the island is expected to include a 10.4ha public park which will be linked to the Penang Botanical Gardens and the Municipal Youth Park.

There will also be two five-star hotels, a performing arts centre, high-end retail outlets, two iconic towers, residential properties and a world-class meeting and convention centre.

Plans are also in place to promote medical tourism in the state through specialist clinics at the PGCC.


"With an estimated 2,000 tourists visiting Penang annually for elective surgery, we think we can add value to the medical tourism promotional effort by offering state-of-the-art healthcare residences for these visitors," Lim said.

Also in the pipeline are urban and international schools and a monorail service.

Abad Naluri has appointed international architects for the project.

French architect Nasrine Seraji is the overall master planner. The New York-based Asymptote Architecture will design the iconic Penang Towers, with an estimated GDV of RM8 billion, which will be a focal point of the PGCC.

The PGCC's public realm will comprise a combined 34.4ha of parkland, including a 10.4ha 1km-long linear park, and about 24ha of a hill site which cannot be developed.

Close to 40 per cent of the PGCC will be dedicated to being "green" in the form of parks and open spaces, Lim added.

Other proposed measures include devising ways to collect and reuse rainwater, the construction of a central cooling plant and a waste-management system.

Lim is also mindful of concern that the project is likely to add to the island's long-standing and worsening traffic problems.

"We are working with the Malaysian Highway Authority on how our road infrastructure will complement three chain roads and the Penang Outer Ring Road (PORR) which will cut through the PGCC," he said.

Abad Naluri will invest RM140 million to build two flyovers to mitigate traffic congestion from George Town's Jalan Scotland to the project site.

"We have also conducted traffic impact studies with a consultant, not only for this project but also for the whole island, and have alternative solutions for traffic in the event that the ring road project is delayed."

Prime Minister Datuk Seri Abdullah Ahmad Badawi is expected to launch the PGCC project on September 12, at which event he will announce special investment incentives.

The project will be carried out in phases over 15 years and will break ground in a year.

UOB Kay Hian, in an investors' report, said that plans were in place for a new integrated transport hub to be set up at the PGCC.

"The hub will host a major interchange for the Penang monorail's two lines.

"In addition, the 17km PORR will run through the new city centre, with its proposed route from the Penang International Airport to Tanjung Bungah and Batu Ferringhi," it said.
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Old September 4th, 2007, 09:32 AM   #6
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Old September 4th, 2007, 09:44 AM   #7
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guys...whats the progress of this project...i know it hasn't started....but any idea on when this masterplan is gonna commence.....
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Old September 4th, 2007, 09:54 AM   #8
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Quote:
Originally Posted by nazrey View Post
Prime Minister Datuk Seri Abdullah Ahmad Badawi is expected to launch the PGCC project on September 12, at which event he will announce special investment incentives.
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Old September 5th, 2007, 05:04 AM   #9
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Shot in the arm for PGCC
Wednesday September 5, 2007
By DAVID TAN


PENANG: Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd, is investing approximately RM40mil into the development of a 40ha Metropolitan Park in the 104ha Penang Global City Centre (PGCC) development.

Equine Capital holds a 25% stake in Abad Naluri, the developer of the RM25bil PGCC which is located at the present Penang Turf Club site.

The state government had recently approved the conversion of the 104ha PGCC land for mixed-development use.

The PGCC, patterned after the Kuala Lumpur Convention Centre, will feature two five-star hotels, a performing arts centre, high-end retail outlets, two iconic towers, residential properties and a world-class meeting and convention centre.

Equine Capital executive chairman Datuk Patrick Lim said in an earlier interview that the Metropolitan Park would be linked to the Youth Park and Botanical Garden.

“The state government will acquire some additional land to link the Metropolitan Park with the Youth Park and Botanical Garden to form one contiguous park,” he said.

“In the Metropolitan Park, we plan to put in place public recreational facilities, water features, garden pavilions and amphitheatres.

“To maintain PGCC as a carbon-free city, there will be facilities built to reduce carbon monoxide. Solar lighting will be used at night.

“With such environmentally friendly technology, the carbon footprint of our park will be minimised, all of which will contribute to our quest to build one of the first zero-carbon developments in the region,” he said.

Lim said that the development of PGCC would create some 5,000 construction jobs.

“Once completed, PGCC will potentially employ about 37,000 workers, required by corporate offices, the medical services, the retail sector, and the hotel and MICE (Meeting Incentives Convention Exhibition) industries,” he said.

According to Raine & Horne (Penang) senior partner Michael Geh, the Metropolitan Park would boost the PGCC’s land value beyond “the current peak net value of RM250 per sq ft (psf) of net for commercial development land.”

Penang’s current (peak) prices are only a quarter of those of the current prime commercial redevelopment land prices in Kuala Lumpur’s golden triangle and near the Kuala Lumpur city centre, which are over RM1,000 psf.
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Old September 5th, 2007, 02:58 PM   #10
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Really original
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Old September 12th, 2007, 07:39 AM   #11
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Unique design planned for PGCC
Wednesday September 12, 2007
By DAVID TAN


PENANG: The RM25bil Penang Global City Centre (PGCC) will feature architectural themes that synthesise local symbolism and historic forms with contemporary-style designs.

Asymptote Architecture principal Hani Rashid said he spent over a year researching Penang’s culture, history, social patterns and way of life before designing the project.

“We design the buildings to blend with the surrounding hills and greenery,” he told a media briefing yesterday.

Rashid and his team – comprising about 60 architects, engineers, and technicians from London, New York and Hong Kong – spent four years designing PGCC, which is being developed by Abad Naluri Sdn Bhd on the present 260-acre Penang Turf Club site.

Abad Naluri is an associate company of Equine Capital Bhd.

“The buildings are also designed to save power, harnessing the forces of nature, such as sunlight and wind, for natural lighting and ventilation purposes.

“They must fit into a carbon-free city scheme.

“We have six engineers from Atelier 10, a reputable environmental engineering company with offices in New York and London, working on the plans for PGCC,” Rashid said.

He said the project had caught the attention of his colleagues in the architectural circle in the US. “They are paying close attention to the project. The last time Malaysia caught their attention was the Multimedia Super Corridor,” he added.

Rashid, who has been working from an office in Kuala Lumpur on PGCC for the past two years, said he would set up an office in Penang soon to monitor the project.

Born in Cairo, Rashid holds a masters degree in architecture from Cranbrook Academy of Art in the US, and has been lecturing at the Columbia University School of Architecture and Planning since 1989.

Among the projects he is presently involved in are the World Business Centre in Busan, South Korea; the Luxury Residential Tower and Guggenheim Contemporary Art Pavillions in the United Arab Emirates and Alessi Flagship Store in New York.
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Old September 13th, 2007, 10:45 AM   #12
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PGCC boost for Penang

By ZARINAH DAUD

PENANG: Three decades after being dubbed the “silicon island”, Penang is set to move on to the world stage as a global city centre.

The RM25bil Penang Global City Centre (PGCC) masterplan, covering 104ha at site of the Penang Turf Club, was unveiled yesterday by Datuk Seri Abdullah Ahmad Badawi.

The project will comprise, among others, hotels, condominiums, commercial centres and a central park.

The Prime Minister, a Penang boy, said this would be a “meaningful” project to the state and country.


Futuristic appearance: An artist’s impression of the Penang Global City Centre.

“As Prime Minister, I know that it will contribute significantly to the national economy,” Abdullah said.

“While Kuala Lumpur has its KLCC (Kuala Lumpur City Centre), Penang will have its very own PGCC. Both make me proud.

“PGCC is a high-impact project to complement the Northern Corridor Economic Region. I know Penang will do well,” he said when unveiling the masterplan at a hotel here.

Also present were Chief Minister Tan Sri Dr Koh Tsu Koon, Equine Capital executive chairman Datuk Patrick Lim and Abad Naluri chairman Datuk Seri Kamal Hashim.

Abad Naluri, an associate company of Equine Capital Bhd, will undertake the project.

Abdullah, who is the Finance Minister, said PGCC would offer excellent facilities to foreign investors and an alternative avenue for them to set up offshore offices beyond the Klang Valley.

“This project will make the northern region viable for economic development. I hope this project will be implemented as soon as possible after getting the necessary approvals from the relevant authorities,'' he added.

Abdullah thanked the Penang Turf Club for allowing the development of PGCC.


In it goes: Abdullah inserting a crystal key to mark the launching of the Penang Global City Centre project at a hotel in Penang yesterday. With him are (from left) Kamal, Dr Koh and Lim.

“If it is not for them, this will not happen,” he remarked.

Abad Naluri bought the land for RM488mil in 2002 when the Penang Turf Club committee felt that the existing facility could no longer cope with the demands of modern-day racing.

In Butterworth later, ZULKIFLY MOHAMAD reports that Abdullah presented Ramadan aid to 22 mosque representatives at the Seberang Jaya mosque.

He also dispensed some important advice to the people: “Drive home safely for the Hari Raya break.”

Reminding everyone that the festive period was a time when many road fatalities occurred, Abdullah said he wanted to remind them of this on the first day of the fasting month itself.

“I hope parents will advise their children to drive carefully when they return home to celebrate Hari Raya.

Abdullah also called on mosque committees to organise more activities during Ramadan to foster closer relations among Muslims.
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Old September 15th, 2007, 01:12 PM   #13
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model of the PGCC

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Old September 20th, 2007, 06:31 AM   #14
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why this project underrated...?the design is much much impressive than others on this 'General Urban Development' thread...!
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Old September 20th, 2007, 07:55 AM   #15
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Looks like something out of Star Trek or Stargate
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Old September 20th, 2007, 10:03 AM   #16
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Quote:
Originally Posted by oshkoshbgood View Post
why this project underrated...?the design is much much impressive than others on this 'General Urban Development' thread...!
because people have not heard of Penang before
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THE CITY OF GEORGE TOWN, PENANG (1ST JANUARY 1957)

"the said Municipality of George Town shall on the First Day of January in the Year of our Lord one thousand nine hundred and fifty seven and forever thereafter be a city and shall be called and styled the CITY OF GEORGE TOWN instead of the Municipality of George Town and shall thenceforth have all such rank, liberties, privileges and immunities as are incident to a city." - Queen Elizabeth II
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Old September 21st, 2007, 12:58 PM   #17
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moving this thread pls!
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Old September 21st, 2007, 03:16 PM   #18
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The Site

Is that Bayan Lepas Airport ?
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Old September 21st, 2007, 05:34 PM   #19
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Is that Bayan Lepas Airport ?
No. That's the Penang Turf Club.
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Old September 23rd, 2007, 08:09 PM   #20
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Nice futuristic design!
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