GEORGE TOWN, Sept 16 – Aspen Vision City Sdn Bhd (a joint venture company between Aspen Group and Ikano Pte Ltd) hold a groundbreaking celebration for Aspen Vision City Development on Monday, an integrated mixed development in Bandar Cassia, Batu Kawan. The ceremony was officiated by Penang Chief Minister Lim Guan Eng.
Also present were YB Dato’ Haji Mohd. Rashid Bin Hasnon, Deputy Chief Minister 1; YB Chow Kon Yeow, Executive Council of the state of Penang as Chairman of the Local Government Committee; Dato’ Seri Nazir Ariff, Chairman of Aspen Group; Dato’ M. Murly, Group Chief Executive Officer of Aspen Group; Christian Rojkjaer, Managing Director of Ikano Pte Ltd; Dato’ Rosli Jaafar, General Manager of Penang Development Corporation and Dato’ Maimunah Bt. Mohd Sharif, the President of Seberang Perai Municipal Council.
With a symbolic first cut of the spade, this groundbreaking ceremony marked the beginning of construction works at the 245-acres Aspen Vision City and its first phase, Vervéa, which is also the largest gated and guarded commercial precinct in Northern Malaysia.
The beginning of construction works also marking a significant progress towards shaping Aspen Vision City as the up and coming bustling central business district in the Northern Region. This was a significant milestones for Aspen Group in positioning Aspen Vision City as the new nexus and a modern mega city with first class infrastructure and amenities in the Northern Region of Malaysia.
“Phase 1 os Aspen Vision City is expected to be completed in 2018. We hope that than o be the first IKEA store in Northen Malaysia is also slated for completion in 2018 too. The earthwork alone has costs the JV company around RM200 million and has now commenced full force which includes ground improvement works involving surcharging and prefabricated vertical drains,” said Penang Chief Minister Lim Guan Eng.
“Earthworks on our first phase, the Vervéa, IKEA store, Columbia Asia Medical Centre and the remaining of 245 acres have commenced and is going at full speed. The cost of earthworks alone for the entire 245 acres will cost us nearly RM200 million. Construction of the Vervéa will commence once the earthwork is completed by end of this year,” said Aspen Group CEO, Dato’ M. Murly.
In the same time, envisioned as the commercial hub and central business district in Batu Kawan while Aspen Vision City is also the one of the largest integrated of the mixed developments in the Northern Region designed for a vibrant community to live and work.
Primed to be the nexus of Northern Malaysia, Aspen Vision City is one of its kind integrated mixed development meticulously planned to be a bustling hub. Among the key highlights of the development components include the first IKEA store in Northern Region, a regional shopping centre with the best.
