Showing posts with label Plentitude. Show all posts
Showing posts with label Plentitude. Show all posts

Tuesday, 14 October 2014

Elegant and exclusive

Elegant and exclusive

Hillside hideaway: An artist's impression of The Marin condominium replete with a 40m-long infinity lap pool in Batu Ferringhi.
Hillside hideaway: An artist's impression of The Marin condominium replete with a 40m-long infinity lap pool in Batu Ferringhi.
THE Marin in Batu Ferringhi will set a benchmark for exclusive condominium living in Penang with only four units per floor.
With such a low-density configuration, every unit in The Marin will be effectively corner-lots, offering plenty of windows and hence, natural light.
Being so close to the sea, it is only natural that occupants would want to be able to enjoy the sights of the sea meeting the sky.
So, project developer Plenitude Berhad has carefully positioned the tower in such a way that every unit comes with an expansive view of the emerald and blue horizon.
The condominium, scheduled for completion in 2017, is replete with luxurious facilities beginning with a 40m-long infinity lap pool.
Lap pools are specifically designed for the purpose of swimming laps.
They are perfect for people who are into swimming for fitness.
Other facilities include a floating deck, garden shelter, lounge and wading pools, tennis courts, gym, children’s playground, reflexology path, yoga deck, BBQ corner, Jacuzzi, nursery, male and female sauna rooms, reading room and a reflection pond.
The project is perched on the hillside of a lush tropical ridge.
The high vantage point will give a panoramic view of the Andaman Sea and the full view of the sandy beaches of Batu Ferringhi.
Unit sizes range from 1,750sq ft to 1,850sq ft.
All units come with 3+1 bedrooms and four bathrooms.
There are only 149 units in this twin-tower residence, guaranteeing unrivalled privacy by Penang’s condo lifestyle standards.
Security is also uncompromised at The Marin.
A three-level security system is implemented, with an advanced access card system at the main gates, main lobby, lift lobby and car park lifts.
A video intercom system connects all apartments directly to the guardhouse while a comprehensive closed-circuit television system surveys the main entrance gates, lift lobby access, car parks, perimeter fencing and the guardhouse.
For further peace of mind, two security guards will patrol each block 24 hours a day.
The Marin will be featured at Star Property Fair 2014 from Oct 23 to 26 at Queensbay Mall from 10.30am to 10.30pm. 
More than 16 exhibitors will be taking part in the fair, which is held for the second time this year.
The booths will be spread out in the mall’s north, central and south atriums.
There will be talks and contests during the three-day event.
More than RM30,000 prizes are to be won. - The Star

Friday, 25 July 2014

Plenitude buys Gurney Resort Hotel & Residences in Penang

PETALING JAYA: Plenitude Bhd’s wholly-owned subsidiary Plenitude International Sdn Bhd has entered into a sale and purchase agreement with the Employees Provident Fund (EPF) for the proposed acquisition of a 259-suite hotel, known as the Gurney Resort Hotel & Residences in Penang, for RM160mil.
In a filing with Bursa, Plenitude said Gurney Resort Hotel formed part of Menara Gurney, which is a 37-storey building with one basement level, a hotel along with retail and office components.
The retail units are located on the ground to second floor of the retail podium. The hotel has retail units and 551 car park bays.
The hotel is located approximately 4km to the north-west of the Penang ferry terminal and 3km from the state administrative centre in Kompleks Tun Abdul Razak.
Plenitude said that the price tag of RM160mil was arrived at after taking into consideration the strategic location of the property and the market value of the hotels in the surrounding vicinity.
“The proposed acquisition represents an opportunity for the company to expand its hotel business and operations, where the group currently owns Four Points by Sheraton Penang. It is expected to contribute positively to our future earnings,” said Plenitude.
Plenitude added that the acquisition would be financed by a mix of internally generated funds and bank borrowings
Plenitude was down four sen to RM3 on volume of 510,200 shares.
The company is in a financially strong position with no debt. Its cash and cash equivalents amounted to RM386.9mil as at March 31, 2014. For the third quarter to March 31, 2014, Plenitude’s net profit was up 89.3% to RM23.14mil on the back of a 80.58% increase in revenue to RM72.7mil. - The Star

Friday, 7 February 2014