A really good post on Malaysia.
Penang’s northeastern seafront along Weld Quay will soon see world-class facilities providing food, sports and education once MPDT Capital Berhad upgrades three old port warehouses and part of Tanjung City Marina.
With an investment of RM120mil, the project dubbed ‘MPDT 1880 Heritage Reborn’ on 24,956sq m (268,624.15sq ft) within George Town Unesco World Heritage Site will complement Swettenham Pier Cruise Terminal (SPCT) in line with the ‘Experience Penang’ campaign.
On top of chic, new food and beverage outlets by the sea, get ready for a vehicle showroom, an e-sports arena, a flight simulator training centre as well as various other recreational and entertainment facilities.
The proposed development includes 2,480.51sq m (26,700sq ft) of seafront F&B outlets while the vehicle showroom will be 975.48sq m (10,500sq ft), and the e-sports arena will be 1,551.48sq m (16,700sq ft).
There will also be 464.51sq m (5,000sq ft) of restaurants above the sea while the flight simulator training centre certified by Civil Aviation Authority Malaysia will occupy a whopping 4,273.53sq m (46,000sq ft) to house Level-D Full Flight Simulators and Level Two Flight Training Devices.
Penang Port Commission (PPC) chairman Datuk Tan Teik Cheng said a lease agreement with MPDT Capital Berhad has been signed for the company to redevelop the port’s three old warehouses and part of Tanjung City Marina within the next two years.
He said the agreement would allow MPDT Capital to develop Warehouses Five, Seven and Eight and part of Tanjung City Marina.
“MPDT Capital was selected out of several eligible companies through a request for proposal which was opened from Nov 16 last year to March 15 this year.
“After evaluation, we have approved MPDT Capital Berhad to be awarded a 30-year lease with an option for 15 years’ extension.
“PPC fully entrusts MPDT Capital to realise this development after considering its credibility and experience in implementing local and international projects,” Tan said.
Other attractions coming up in the project include a research and development hothouse, photography studio, event studio and co-working space.
“The project is expected to take between 18 and 24 months to be completed,” said Tan in a statement after signing the agreement in a ceremony witnessed by Transport Minister Datuk Seri Dr Wee Ka Siong on Friday.
The project is part of the Eastern Seafront Development (ESD) within George Town’s Unesco World Heritage site.
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