Penang, Malaysia, 26th September – Equalbase, headquartered in Singapore specializing in developing and managing modern, sustainable industrial logistics assets, officially held the groundbreaking ceremony for Valdor II. The multistorey warehouse, with a gross floor area of 620,000 square feet, is set to go live in 2025. DSV, a global logistics leader, has been confirmed as the anchor tenant of Valdor II.
Strategically located in Penang's industrial growth zone, Valdor II is closely connected to Batu Kawan and Bayan Lepas amongst other growing industrial areas, providing excellent ease of operations. Equalbase, together with its sister company Northmod focused on the investment management of the projects, forms the integrated platform Equalbase Northcrest.
ADUN of Bukit Tambun, YB Goh Choon Aik, officiated the groundbreaking ceremony alongside Equalbase and DSV.
From left - Adam Lian - Director DSV | Michael Sailer - MD Equalbase Development Malaysia | Paul Lee - Managing partner Northmod | YB Goh Choon Aik, Adun Bukit Tambun | Chin Pee Ching MD of DSV Malaysia | Jaya Kumar Kanan, General Manager DSV | Tan Tze Wee, General Manager DSV
Nicholas Bischoff Equalbase Development's CEO, said, “We are excited to expand our footprint in Penang with the launch of our Valdor II project. This is another step forward in our journey to become the leading provider of carbon-neutral industrial assets in the region. We are grateful to have a partner with us who shares our commitment to sustainability and to build this facility for DSV”
Valdor II will use low-carbon construction materials and energy-efficient technologies, targeting both LEED Gold and GBI Gold certifications for sustainable design.
Chin Pee Ching, Managing Director at DSV Solutions Malaysia, said "The construction of Valdor II is DSV’s commitment to meet the evolving needs of our customers. In today's fast-paced world, adaptability, efficiency, and protecting the environment have become increasingly important. This warehouse will not only enhance our operational capabilities but will also enable us to better serve the diverse requirements of our customers across various industries while making a positive impact on the environment.”
Paul Lee, Managing Partner at Northmod, highlighted the importance of the region, saying, “The groundbreaking ceremony of Valdor II was an important day for us as we expand our presence in the region. Our focus on Penang is strategic due to the state’s strong, investor-friendly economy. Penang's thriving business environment and diverse industries, particularly within the Global Business Services sector, make it an ideal location for Valdor II.”
With the conclusion of the groundbreaking ceremony, Valdor II becomes DSV’s first customized development in Malaysia and Equalbase’s next sustainable building in Penang.
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