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Perennial and IJM unveil $1.5 bil integrated waterfront development in Penang

Property

Perennial and IJM unveil $1.5 bil integrated waterfront development in Penang

PC Lee Published on Tue, May 09, 2017 / 5:48 PM GMT+8

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SINGAPORE (May 9): IJM Perennial Development, a joint venture between IJM Corporation and Perennial Real Estate Holdings officially unveiled The Light City, an integrated mixed-use waterfront development located in Gelugor on the eastern coast of Penang, Malaysia.

The total gross development value of the project is expected to exceed RM4.5 billion ($1.5 billion). Construction at the 32.76 acre freehold site is starting soon with 2021 being the expected completion date.

Positioned as Penang’s premier integrated waterfront precinct, The Light City will have a total gross floor area (GFA) of 4.1 million sf, and comprise a retail mall, Penang’s largest convention centre, Penang Waterfront Convention Centre (PWCC), two luxury hotels to be operated by renowned hotel brands, a high quality office tower, as well as two premium residential projects, named as The Mezzo and The Essence.

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Perennial and IJM unveil $1.5 bil integrated waterfront development in Penang

Property

Perennial and IJM unveil $1.5 bil integrated waterfront development in Penang

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Perennial and IJM unveil $1.5 bil integrated waterfront development in Penang

Property

Perennial and IJM unveil $1.5 bil integrated waterfront development in Penang

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