KUALA LUMPUR: Boustead Petroleum Marketing Sdn Bhd (BHPetrol) plans to open up to 15 new petrol stations in 2018 to strengthen its presence in the market.
“As of the first quarter (1Q) of 2018, we have opened five petrol stations in major cities here in Peninsular Malaysia,” BHPetrol MD Tan Kim Thiam said after a document exchange between BHPetrol and Medini Iskandar Malaysia Sdn Bhd (MIM) in Kuala Lumpur yesterday.
The document exchange ceremony would see the opening of BHPetrol’s first gas station in Medini City, Iskandar Puteri, Johor, which will be in operation in the 1Q of this year.
He said the company aims to open new petrol stations in both urban and rural areas in the peninsula.
“Every year, we will open new service stations in order to meet the demand, as well as develop our potential at different locations across the country.
“And despite us being still rather small, our growth has been among the fastest in the country,” he said.
For its 380th gas station in Medini City, Tan said the BHPetrol has invested RM5 million.
“The 44,000 sq ft (4,087.73 sq m) gas station will be operating near the offices and commercial areas. It will take an estimated eight months to complete and it will offer quality fuel products, as well as various products at the convenience stores,” he said.
With the presence of the new concept BHPetrol petrol station in Medini City, the company hopes to attract new customers and build up the brand in the area.
On expanding the company’s presence in Medini City, Tan said it would depend on the opportunities and whether it fits MIM’s masterplan.
Also present during the ceremony was MIM MD and CEO James Tee who expressed MIM ‘s enthusiasm on the partnership.
Tee said the commercial areas within Medini City have been growing rapidly as more local and international companies are setting their offices in the area.
“With that said, our landmark office, the first high-rise 21-storey premium office building, Medini 9 will be opening very soon where it has attracted several anchor tenants.
“Among the anchor tenants, co-working space operator CO3 Social Office Sdn Bhd will be taking up a 200,000 sq ft co-working space at Medini 9 and be able to accommodate up to 4,000 staff,” he said.
He added that Medini 9 was designed and developed in accordance with the MSC Malaysia Cybercentre-status building standards and as a green building with smart building features.
The gross development value (GDV) of Medini 9 is worth RM284.9 mi l l ion, whereas the upcoming Medini 10 which is still under construction has a GDV of RM308.9 million and it is expected to be completed in 2019.Source: The Malaysian Reserve