Kulim – Kulim Hi-Tech Park (KHTP) welcomes great news.
The developer, Beaver Properties Group and Kulim Technology Park Corporation Sdn. Bhd. (KTPC) are pleased to announce an exciting greenfield development in KHTP.
Beaver Properties Group recently signed an agreement with Ascott International Management (Malaysia) Sdn Bhd (Ascott) to officially introduce the first ever 4-star hotel under the HARRIS brand in KHTP.
This initiative aims to stimulate and inject a new wave of economic momentum into KHTP, and its vicinity.
Slated to open in 2027, HARRIS Hotel Kulim will be strategically located within an integrated development project to be known as ‘Beaver Midtown Kulim’ (BMK).
Harris Hotel Kulim is expected to have 216 deluxe hotel rooms, one-bedroom and two-bedroom units to cater to the different needs of guests, with a focus on MICE (Meetings, Incentives, Conferences, Exhibitions) facilities.
The 9.6 acre “Beaver Midtown Kulim will also include 41 commercial units, office space (Purpose-Built Office Space), and 3 drive-thru units, which makes it a key commercial project in Kulim Hi-Tech Park.
This Gross Development Value (GDV) for the development of ‘Beaver Midtown Kulim’ hit a total value of approximately RM250 million and it is expected to not only drive the overall regional economy, but also create approximately 2,000 job opportunities, enhancing the commercial viability of KHTP.
The project has garnered significant attention from both real estate and industrial sectors and is regarded as an important piece of the puzzle to strengthen and complement the overall ecosystem of KHTP.
The Management Agreement is signed between Beaver Scott Sdn Bhd, a subsidiary of Beaver Properties Group and Ascott, which is a vertically integrated lodging-operator and the wholly owned business unit of Capitaland Investment Limited headquartered in Singapore.
Both parties signed the agreements under the witness of Dato’ Haji Mohd Sahil bin Zabidi, Group CEO of KTPC. Under this agreement, Ascott will be managing the HARRIS Hotel Kulim in the Beaver Midtown Kulim development.
Ascott currently manages 19 operational serviced residences and hotels across Malaysia.
At the ceremony, Dato’ Haji Mohd Sahil highlighted that KHTP currently houses 42 multinational manufacturing companies from all over the world, with total employees in Kulim Hi-Tech Park of approximately 34,000.
He is positive that the number will grow rapidly. Hence, no doubt that the addition of HARRIS Hotel will enhance the convenience for both expatriates and locals without the need for extensive travel.
Mr Kevin Goh, CEO of The Ascott Limited, is looking forward to this cooperation and expressed his confidence that Harris Hotel will bring a brand new experience to KHTP to Kulim Hi-Tech Industrial Park.
During the introduction of Beaver Midtown Kulim, Mr Oon Chai Sheng, Group Director and Sales and Marketing Director, highlighted that along with the HARRIS Hotel Kulim, Beaver Midtown Kulim will feature a greenery park of approximately 1-acre.
The park will be designed by an international landscape architect to elevate the overall aesthetic of KHTP.
Earlier, when introducing ‘Beaver Midtown Kulim’, Group Director also Sales and Marketing Director Mr Oon Chai Sheng mentioned that in addition to the Ascott managed HARRIS Hotel, the 3 units of drive-thru concept chain stores will be opening in the area along with 41 units of 3 storey semi-detached shopoffice and 1 unit of 5 storey detached shopoffice.
The finishing touch to the project will be a lush greenery park of nearly 1-acre designed by an international landscape architect, positioned to elevate the overall aesthetic of the Kulim Hi-Tech Park.
Among those present at the signing ceremony were Mr. Oon Cheng Sang, CEO Beaver Group, Mr. Oon Yong Sheng, Director Beaver Group, Mr. Oon Foo Sheng, Director Beaver Group, Mr. Ooi Chok Siew, Legal Advisor and Ts. Ong Keng Pin, Architect. Ascott was represented by Mr. Kevin Goh, CEO, Ms. Wong Kar Ling, Managing Director, Ms. Serena Lim, Chief Development Specialist, Mr. Law Zhe Wen, Assistant Vice President of Business Development, Mr. Shaun Yee, Senior Manager of Business Development and other officials.
About The Ascott Limited
Since pioneering Asia Pacific’s first international class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with more than 930 properties globally. Headquartered in Singapore, Ascott’s presence extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA.
Ascott’s diversified accommodation offerings span serviced residences, co-living properties, hotels, and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Preference, Fox, Harris, POP!, Vertu and Yello; and it has a brand partnership with Domitys. Through Ascott Star Rewards (ASR), Ascott’s loyalty programme, members enjoy exclusive privileges and offers at participating properties.
A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds.
For more information on Ascott’s industry record of close to 40 years and its sustainability programme, please visit www.discoverasr.com/the-ascott-limited. Connect with us on Facebook, Instagram, TikTok and LinkedIn.
About CapitaLand Investment Limited (www.capitalandinvest.com)
Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 30 June 2023, CLI had S$134 billion of real estate assets under management, and S$89 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and more than 30 private vehicles across Asia Pacific, Europe and USA. Its diversified real estate asset classes cover retail, office, lodging, business parks, industrial, logistics and data centres.
CLI aims to scale its FUM and fee-related earnings through fund management, lodging management and its full stack of operating capabilities, and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand’s development arm.
As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero emissions for scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.
