Interest
in the 220-acre COMPASS @ Kota Seri Langat (COMPASS) Green industrial park
development is gaining traction since its conceptualisation in 2020 as the Project
Development Managers, AREA Management Sdn Bhd organise an official launch
scheduled for January 2022.
The 220-acre master planned green industrial park offers
a unique proposal by having two concepts within the development as well as
supplying a one stop technical and services solution for businesses planning to
move into the park. The two concepts comprise a 161.22-acre site; the COMPASS Industrial
& Logistics Hub (“COMPASS Hub”) and a 58.84-acre site designed specifically
for SME’s; the COMPASS SME Precinct.
COMPASS
is a green industrial park and is currently in the process of attaining GreenRE
Certification; setting aside at least 5% of its land area for landscaping and
green spaces. The COMPASS Hub will be professionally managed by AREA
Management, and “end to end” services will be provided to the industrial park
residents.
The
Park will feature buildings that will enable owners to comply with the latest
green building certifications to meet the ever-increasing demand to conform to
the Environment and Social Governance (ESG) standards requirements from
investors, financial institutions, and customers. This is mainly a result of a
global mandate for countries and businesses to raise their environmental,
social and governance standards and report on those initiatives. COMPASS will provide
a one stop centre for businesses to adopt sustainability and energy saving
solutions, enjoy the latest in construction management, have access to quality
workers’ accommodation and dormitory management, automation technology and
systems integration as well as planning and design services.
With a
Gross Development Value (GDV) of RM1.23 billion, COMPASS will be a gated and guarded
development offering superb connectivity via a dedicated interchange on the
West Coast Highway (WCE), It comes with a fully integrated suite of services
for Logistics and E Commerce Operators, Manufacturers, and Light and Medium SME
Industries. The COMPASS Hub is currently waiting for building plan approvals
before the official launch in 2022.
The COMPASS Hub will be offering “built-to-suit” warehouses and manufacturing facilities for sale or lease with sizes ranging from 100,000 sq. ft. to 1,000,000 sq. ft. The COMPASS SME Precinct will offer for sale “ready-built” larger than the norm designs ranging from Terraced units, Semi Detached units ,Hybrid Clusters to Detached factories. This come with sizes of 3,600sq.ft.up to 50,000 sq. ft. and will cater to the new demand of SME’s wishing to upscale their operations and operate from a world class industrial facility in the Klang Valley.
The
COMPASS SME Precinct is scheduled to complete in 2023. There will be a total of
(81) factories with selling prices of RM1.5million to RM22million. The type of
designs available are Detached (18 units; built up area of 13000sqf-48000sqf), Semi-Detached
(22 units; built up area of 12000sqf-15000sqf), Terrace (Seven Units; built up
area of 3600sqf), Low-Cost (19 units; built up area of 1200sqf) and Hybrid
Clusters (15 units, built up area of 8000sqf-17000sqf). All these designs will be
energy saving “solar plug and play” ready.
COMPASS
@ KSL is strategically located in the centre of a triangulation between North Port
and West Port, KLIA and Shah Alam, and enjoys instant access to the Klang
Valley via a dedicated link to the upcoming West Coast Expressway. The
development will also offer a professionally managed workers accommodation
complex, 24-hour security, a business centre and recreation & sports
facilities in addition to lush landscaping.
This
industrial and logistics hub has been conceptualised to leverage on the increasing
demand for a new breed of green compatible and technically advanced industrial
buildings, driven largely by the disruption caused by the arrival of the 4th
Industrial Revolution, ESG compliance, the impact of Climate Change and the Covid
19 pandemic. COMPASS will offer the market an opportunity to scale up
and consolidate their operations and take advantage on its unique connectivity.
COMPASS
is also expected to contribute to the growth of high impact industries and
provide the future template for the design of Selangor State’s industrial parks
in the future.
The COMPASS development project took off in 2019
when a JV was inked with MIDF Property Bhd; and indirect owned subsidiary of
PNB,
KWEST Sdn Bhd (wholly owned
subsidiary of Kumpulan Wang Persaraan (Diperbadankan) and
the AREA Group of Companies (AREA).
An
overview of the Compass @ Kota Sri Langat Green industrial park project:
Ø Is located within a
2,800-acre mixed development of Kota Sri Langat township which is situated
about 10 minutes from Jenjarum & Banting in Selangor. The township development features residential,
commercial, industrial, schools, public amenities, and parks.
Ø COMPASS @ KSL is
positioned to be Selangor’s premier green industrial park to cater for
businesses wishing to establish or expand in the Klang Valley.
Ø The development is
strategically located in the centre of a triangulation between Port Klang &
West Port, KLIA and Shah Alam and enjoys instant access to the Klang Valley via
a dedicated link to the upcoming West Coast Expressway (WCE)
Ø Master developer, PNB
Development is responsible for the development of the beautiful, landscaped
Kota Seriemas mixed township in Nilai, Negeri Sembilan and has a strong record
of township development.
Ø The 220-acre site will
be offering two components to the green industrial park with a 161.22-acre
COMPASS Industrial & Logistics Hub within the gated & guarded main park
and a 58,2-acre COMPASS SME Precinct, which will be on the fringes of the main
park.
Ø The main park will feature built-to-suit
warehouses and manufacturing facilities with sizes ranging from 100,000 sq. ft.
to 1,000,000 sq. ft.
Ø Larger than the norm detached
factories of 3600 – 50,000 sq. ft. located in the SME Precinct will be ready-built
for sale to cater to the demand for small and medium sized SME operators in the
Klang Valley.
Ø The green “infrastructure
ready” development will feature a landscaped environment, professional park
management services, 24-hour security with license plate and facial recognition
tech, business centre and recreation facilities, worker accommodation complex
with 5000 beds across four blocks offering amenities like laundry, convenience
store, food court, sports facilities, medical clinic, and 24-hour onsite
security and dormitory management services.
Ø Interested businesses
will have an opportunity to scale up and consolidate their operations with new
affordable freehold development that offers unparalleled connectivity to their
customers.
About
the AREA Group:
Set up in 2012, AREA is a regionally based
private equity firm with offices in Singapore and Malaysia. AREA specialises in
investing in Malaysian based industrial real estate development, project and
property management, fund management and advisory services to institutional
clients seeking to acquire institutional grade A real estate both locally, and
abroad.
AREA’s areas of expertise are in the design,
building and leasing of high-quality purpose-built industrial parks and
buildings. AREA’s expertise in managing REITs allows their industrial clients
options to adopt an asset-light strategy to fund their business expansion. They
believe in establishing long-term relationships with their clients and
strategic partners by providing an exceptional hands-on management and advisory
service whilst continuously ensuring their portfolios under their management
continue to provide consistent returns to their investors,
AREA also provides advice and services to
assist clients in identifying cross border real estate investment
opportunities, building REIT-able portfolios, and offering valuable insights
and strategy recommendations. Since inception, AREA has advised a major pension
fund with total investments in the excess of USD$1.5 billion, providing
valuable advice on strategic investments in Malaysian, Australian and German
industrial asset portfolios.
Its team of experts have a combined set of
experiences in the fields of investment banking, finance, investment
management, property management and consulting.
For more
information, please visit www.compass-ip.my
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