Dignitaries at the official opening Bangi Gateway.
ALTHOUGH Bangi Gateway started its operations late last year, the commercial development was only officially launched at the start of this year.
This is the first completed phase of a planned four-phase, 12.14ha development in Section 15 Bandar Baru Bangi by K-Langat Land Sdn Bhd, a 50/50 joint venture between Golden Peninsular Holdings Sdn Bhd and KLIA Premier Holdings.
Bangi Gateway’s first phase consists of a four-storey shopping complex together with three-storey shop and office units and an underground single-level carpark covering 2.43ha.
While the shopping complex is owned by K-Langat in equal share between the two partner companies, the rest of the first phase has already been sold, with several business already setting up shop or in the midst of doing so.
Anchor tenants for the shopping complex itself include Jaya Grocers, MPH, Kenny Rogers and Yamaha Music School, the last renting a space of over 1021.9 square metres alone.
Currently, the shopping complex sees nearly 10,000 visitors a day, with more on the weekend.
According to Golden Peninsular’s group managing director Datuk Dr Richard Cheong, K-Langat will still be in charge of maintenance, security as well as parking management for the complex.
“While some are holding on to their units for speculative purposes, I would give an estimated three to six months for the shop/office units to start filling up. Some have already begun doing business,” said Cheong.
The next two phases will consist of a medical centre measuring 23,226 sq m and an office tower. The office tower will feature a street mall and more three-storey shop and office lots.
“We have already started piling works for both phases, and Phase Four, a mixed development, is expected to start in mid-2014, with more commercial space and apartments,” said Cheong.
The apartmets will be built in two layouts, Cheong elaborated. The two-room units will measure 600sq ft, while the larger three-room units will measure 1,000 sq ft units.
“There will be a total of 256 apartments availabe,” he said.
The whole Bangi Gateway project is expected to be completed within the next three years.
The launch event was attended by KLIA Premier Holdings chief executive officer Tan Sri Dr Jamilus Hussein, and Bangi state assemblyman Mohd Shafie Ngah.
Special-needs students from SMK Jalan Reko and former Akademi Fantasia winner Mawi entertained the crowd with their musical and singing talent.
The gross development value for Bangi Gateway’s first phase is RM400mil,
Overall while the entire Bangi Gateway development will have a gross development value of RM1.5bil.
K-Langat is already marketing the next phases’ units, and it is learnt that the company has already signed a 21-year lease with An-Nur Specialist Hospital to operate the 200-bed medical centre.