| Penang Global City Centre | |
|---|---|
| General information | |
| Type | Residential Properties, Leisure |
| Location | Penang, Malaysia |
| Design and construction | |
| Architect(s) | Asymptote Architecture |
| Developer | Abad Naluri, Equine Capital Bhd (MYX: 1147) |
The Penang Global City Centre (PGCC) was a proposed project to be located at Penang Turf Club on Penang Island, Malaysia. The developers who proposed PGCC hoped to use 50,000 square metres (540,000 square feet) divided between two five-star hotels, a 75,000 square metres (810,000 square feet) Penang performing arts centre, a 400,000 square metres (4,300,000 square feet) retail complex, 25,000 square metres (270,000 square feet) divided between two office towers, 70,000 square metres (750,000 square feet) of residential properties, a 100,000 square metres (1,100,000 square feet) world-class convention centre, a 1,500 square metres (16,000 square feet) observatory tower, 190,000 square metres (2,000,000 square feet) of parking space, monorail transportation, and a public arena.[1] Following public opposition due to an undemocratic decisionmaking process, no environmental assessment, and concerns about the impact on Penangites, the PGCC plan was blocked.
The PGCC, with an estimated gross development value (GDV) of RM25 billion, was to be sited on a 104 ha plot where the Penang Turf Club currently stands.[2] Abad Naluri bought the land for RM488mil in 2002.[3]
The PGCC was designed by Asymptote Architecture, under leadership of Hani Rashid and Lise Anne Coutur. It was to be built on a 185 hectare plot (1.9 square KM), featuring two iconic towers – each standing 200 meters (660 feet) high. It would have taken at least 15 years to complete.