AG – TRI Pinnacle @ Mount Erskine – Penang Island - Project Profile

Synopsis


"AG TRI Pinnacle @ Mount Erskine Penang Island - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "AG TRI Pinnacle @ Mount Erskine Penang Island - Project Profile" is part of Timetrics database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary


ASPEN Group Holdings Sdn Bhd (AG) is undertaking the construction of a residential complex in Tanjung Tokong, Penang Island, Malaysia.

The project involves the construction of three high-rise buildings of 30, 32 and 31-stories each in Blocks A, B and C comprising 1,249 units on a 4ha of land.

Block A will feature 390-low medium apartments, and Block B and C include 518 and 341 affordable units, respectively.

The project will include the construction of a 12-story car park and retail facilities, a basketball court, gymnasium, BBQ pits and childrens playground, and the installation of elevators, safety and security systems.

On June 2, 2014, Malaysia Building Society Bhd (MBSB) has provided a US$29.9 million Islamic loan facility to Aspen.

Malaysia Building Society Berhad has been appointed as the financial adviser, C&A Model Maker Sdn Bhd as an architect and TNH Constructions as the construction contractor.

Construction is underway and is expected to be completed in the fourth quarter of 2018.

Scope


The TRI Pinnacle @ Mount Erskine project involves the construction of three high-rise buildings with 1,249 apartments on a 4ha of land in Penang Island, Malaysia.

The US$125 million project includes the following:

1. Construction of a 30-story Block A

2. Construction of a 32 -story Block B

3. Construction of a 31-story Block C

4. Construction of four retail units

5. Construction of parking facility

6. Construction of related infrastructure facilities

7.Installation of elevators

8. Installation of safety and security systems

Reasons To Buy


Gain insight into the project.

Monitor the latest project developments.

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1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix


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