1 December 2016
Design Village, the first ‘premium outlet’ mall in Penang finally opened its doors on 23 November 2016. This single-storey open-air mall featuring cool weather-sheltered walkways offers a mix of international and home grown brands is already making its landmark to be one of the well-known shopping venues in Penang.
Design Village is owned by PE Land (Penang) Sdn. Bhd. and marketed by Savills Malaysia. It has 150 stores consisting of popular high-street brands, sports and outdoor range, different fashion labels and food & beverages outlets. It is built on a 400,000 square foot within a tropical garden in Bandar Cassia, the mainland of Penang and is part of a 40-acre mixed-used development that include a hotel, serviced apartments and high-end condominiums in the second phase development.
The entire development will have a total estimated gross development value (GDV) of RM1 billion, while Design Village itself has an estimated GDV of between RM200 million and RM300 million.
We are proud to be associated with this unique development as a member of the consultant teams. Congratulations on the successful opening of Penang Design Village.