Property Development, Investments and Management
LGB Group's wide reach extends to the property development, investment and management field, which has resulted in distinctive developments, completed and conceptualised in Malaysia and across the world. From the flagship commercial and residential development in Taman Tun Dr. Ismail, Kuala Lumpur - Menara LGB, The Greens, Utamara to the prestigious mixed-use development - Lancer Square in London, LGB Group strives to create living communities that connect with the affluent neighbourhoods surrounding them.
The Menara LGB is part of an integrated lifestyle development comprising retail, office and residential amenities and services. It offers a holistic business environment that combines vitality, dynamism and balance. Awarded with the FIABCI Malaysia Property Award™ in 2016 under the Office Category, the Menara LGB property which was led by Bellworth Developments Sdn. Bhd. takes pride in its Grade "A" office tower with MSC status, which was designed to comply with Singapore's Building & Construction Authority (BCA) Green Mark (Gold Accreditation) and Malaysia's Green Building Index (GBI) Certification. The property presents flexible and modular office layouts, ranging from 2,000 to 14,000 sq. ft. to cater to multi-tenant requirements, with a total Net Lettable Area (NLA) of approximately 400,000 sq. ft. It includes 5 storeys of basement parking, 2 annexes of food and beverage spaces and a link bridge which connects to Menara LGB’s residential component, The Greens Service Apartment ("The Greens”").
The Greens is a freehold service apartment that comprises two 27-storey residential towers with 163 units. It is located adjacent to Menara LGB, overlooking 900 acres of lush greenery including Bukit Kiara Park, Bukit Kiara Hills and Forest Reserve, Bukit Kiara Equestrian Club, KLGCC, KGPA and Royal Selangor Club. The Greens was honoured to be recognised with several prestigious awards including the FIABCI–Malaysia Property Award™ 2018 and World Silver Winner of FIABCI World Prix d’Excellence Award 2019, both under the High-Rise Residential category as well as Silver Winner of EdgeProp Malaysia's Best Managed & Sustainable Property Awards 2021 under the Multiple-Owned Strata Residential (Below 10 Years) category.
The recent investment by LGB Group includes the purchase of a land parcel in Virginia Park, Section 13. Nestled in the heart of Petaling Jaya, the proposed mixed development comprises retails, offices and residential components with a Gross Development Value (“GDV”) of RM 2.5 billion.
Meanwhile, LGB Group also holds a substantial interest in Parkwood Holdings Berhad (“Parkwood”). Parkwood (formerly known as Amalgamated Industrial Steel Berhad) is listed on the Main Market of Bursa Malaysia Securities Berhad under the property sector classification. Parkwood is expanding its business portfolio in property development and investment with the aspiration to be a formidable player in the property fraternity.
Parkwood’s maiden property development project is the Utamara Boutique Residences, an upmarket low-rise 5-storey residential development located in the heart of Bandar Utama, Petaling Jaya. Another upcoming project is the proposed mixed-use development strategically located near the Damansara Damai MRT Station. In addition, Parkwood has also entered into collaboration with LGB Group and other joint-venture partners for the development of luxurious high-end condominiums at the prestigious address of U-Thant, Kuala Lumpur.
