Temasek-Penang project seeks global names as tenants

Singapore

THE upcoming mixed-use development in Penang by Temasek and Penang Development Corporation (PDC) is targeting international companies as tenants in a bid to bolster Penang's role as a major business process outsourcing (BPO) hub. The Economic Development Innovations Singapore Pte Ltd (EDIS) said that it hopes to draw international names to set up shop in the 2.7 hectare mixed-use site, which is about seven minutes' drive from the second Penang bridge and the Penang airport.

Known as BPO Prime, the project in the Bayan Baru township will have a total gross development value (GDV) of S$500 million when completed in two to three years, said EDIS, the project's master development manager.