PETALING JAYA: Villa Tropika Development, a subsidiary of Island LandCap Properties Group Sdn Bhd, has formalised strategic partnerships with several established retail and food and beverage brands for its upcoming TGX Commercial Hub in Penang, marking a key milestone for the project.
The memorandums of understanding signed with brand operators, including Starbucks, 7-Eleven, Kenny Rogers and Krispy Kreme, underscore growing confidence in the development’s long-term prospects.
Island LandCap Properties executive chairman Datuk Oon Weng Boon said TGX (Tasek Gelugor Xchange) is conceived as an integrated commercial hub, bringing together retail, dining and essential services within a single location.
The project will comprise 148 double-storey shop units, complemented by dedicated drive-thru outlets and a supermarket anchor tenant, forming a comprehensive ecosystem for both businesses and the surrounding community.
A defining feature of the development is its “shop-shop” concept, which links ground and first-floor units through shared corridors and lift access, improving connectivity and expanding leasing flexibility for tenants.
Strategically located at a high-traffic junction in Tasek Gelugor, the site benefits from steady daily vehicle flow and strong visibility.
Its position at the border of Penang and Kedah also offers a unique commercial advantage, allowing businesses to tap into differing weekend cycles in both states and effectively extend peak trading periods.
The surrounding area is anchored by several major industrial parks, including Penang Technology Park, Kulim Hi-Tech Park and Northern Techvalley BKE, providing a sizeable catchment driven by industrial activity and workforce demand.
“The presence of established international brands is expected to drive consistent footfall and help position TGX as a key commercial destination in the northern region,“ Oon said.
The project is being developed in a joint venture with Perda Ventures Incorporated Sdn Bhd, a wholly owned subsidiary of Lembaga Kemajuan Wilayah Pulau Pinang, with ongoing engagement from government agencies and financial institutions.
Upon completion, TGX is expected to emerge as a new commercial landmark for Tasek Gelugor and the wider Seberang Perai Utara area, supporting local economic growth while catering to evolving lifestyle needs.
