PGF Capital’s JV to undertake RM600mil development in Kulim Hi-Tech Park
Date: December 10, 2024 | Media Source: Business Times
OUR STORY
Nexel is born from the strategic merger of two industry giants, PGF CAPITAL BERHAD and MALVEST GROUP, uniting their vision, expertise, experience and strengths to set new paradigms in property development.
Established in 1990, PGF CAPITAL BERHAD, a Bursa Malaysia Main Board listed company is a leader in the Southeast Asian insulation market, recognised for its innovative approaches and sustainable business practices. Over the years, PGF has expanded its horizons into agriculture and property, demonstrating a commitment to diversification and growth that aligns with global sustainability goals.
MALVEST GROUP, incorporated in Malaysia since 1989, has built an enviable reputation as a developer of innovative and sustainable residential and commercial properties. Known for its commitment to quality and customer satisfaction, MALVEST has completed more than 30 development projects, each characterised by groundbreaking designs and environmental stewardship. As an award-winning developer, MALVEST has not only shaped the physical landscape but has also set industry standards in building sustainable communities.
Together, they founded NEXEL GROUP, a subsidiary of PGF CAPITAL BERHAD to synergise their combined expertise into conceptualising and building pathbreaking, eco-friendly developments that anticipate and meet the evolving needs of modern communities. Nexel is dedicated to advancing the frontier of the property development sector by integrating the latest in technology and ecological practices, ensuring that each project not only enhances the urban fabric but also enriches the lives of its people.
VISION
To redefine the future of living by building projects that blend comfort, sustainability, and innovative design. Inspired to elevate lifestyle standards and set new industry benchmarks, Nexel aims to be synonymous with excellence in property development, creating spaces that inspire and uplift communities both locally and globally.
MISSION
Nexel is dedicated to transforming property development concepts through the seamless integration of cutting-edge technology and sustainable practices. We aim to deliver innovative and adaptive real estate solutions that cater to the unique needs of our customers, enhancing their lifestyles through superior design and enduring value.
WHAT IS NEXEL
A combo of “next” and “excel,” creates a forward-thinking and excellence-driven brand identity. This name suggests a company that is always a step ahead, not just in terms of innovation and technology but also in its commitment to surpassing standards and expectations.
As Nexel prepares to launch its inaugural projects, it stands on the shoulders of its founders’ legacies, poised to introduce a portfolio that embodies innovation, sustainability, and community engagement. While still in the early stages of its journey, Nexel is committed to maintaining the high standards set by PGF CAPITAL BERHAD and MALVEST GROUP, aiming to not just build projects but to create lasting legacies that inspire and uplift communities.
“Nexel” embodies the essence of progress and superiority, positioning the company as a leader in its field, whether that’s in property development, or any sector striving for peak performance. It resonates with a sense of advancement, efficiency, and the pursuit of excellence, making it an ideal choice for a brand that aims to lead and redefine its industry.
CORE VALUES
INNOVATION AS A STANDARD
At Nexel, innovation isn’t an option-it’s our standard. We’re dedicated to continuously pushing the boundaries of what’s possible, transforming challenges into opportunities to lead and redefine our industry.
SUSTAINABILITY IN ACTION
We commit to sustainability not just as a policy but as a practice. Every Nexel project is an opportunity to enhance environmental stewardship, utilizing green technologies and solutions that protect our planet for future generations.
EXCELLENCE THROUGH COLLABORATION
We believe the best results are crafted through collaboration. Nexel thrives on partnerships across industries and borders, combining diverse skills and perspectives to create outcomes that are greater than the sum of their parts.
EMPOWERMENT THROUGH INCLUSION
Empowering our people to succeed and fostering an inclusive culture are at the heart of everything we do. At Nexel, everyone’s voice matters, and we are committed to maintaining a workplace where diversity is celebrated, and equal opportunities are provided for all.
PIVOT WITH AGILITY
We cultivate a culture of learning and agility that keeps us ahead in a fast-evolving world. Continuous personal and professional development is essential at Nexel, ensuring our team is prepared to lead today and into the future.
ETHICAL INTEGRITY
Nexel operates with unwavering integrity and transparency. We hold ourselves to the highest ethical standards in all our dealings, building trust with our clients, partners, and communities through honesty and accountability.
PORTFOLIO
MORE PENANG PROJECTS
Orchardia, Balik Pulau
9.5 acres of residential scheme consists of 4 units of 3-storey Semi-Detached and 95 units of 3-storey terrace houses at the town of Balik Pulau, Penang. Certificate of Completion & Compliance (CCC) obtained in December 2013.
Kimberley Square, Penang
Kimberley Square portrays a 5-storey modern contemporary commercial centre located in the Chinatown of Georgetown. It consists of 34 spacious business suites for multi-type of business activities and, with flexibility, to complement one another. For the convenience of logistics in this commercial centre, an elegantly designed elevator is added to the building.
Kimberley Square is specially designed and planned for the furthermost of business activities within the Central Business District.
Kimberley Square, with its wide corridors fronting all the business suites on every levels, offers a conducive business and working environment. Its close proximity to Komtar and the Prangin Mall has made Kimberley Square a valued property for investment.
Tanjung Villas, Penang
In the search for the best and finest of Penang residential locations, one prime place continues to upstage most others – Tanjung Villas.
Tanjung Villas, an intimate and luxurious gated enclave gracing a 2.7 acres, well landscape piece of land with 32 units of strata titled Semi-Detached house and 36 units of 4-storey Duplex Townhouses, is designed to be a haven for exclusive living at Tanjung Tokong, Penang.
Balik Pulau Garden, Penang
110 units of low cost flat, 70 units of medium cost apartment and 14 units of shop houses located in the heart of Balik Pulau.
Peel Avenue Villa, Penang
3-storey Luxury Bungalows at junction of Peel Avenue and Jalan Dunn, Penang.
Menara MAA, Penang
Menara MAA Penang is on Jalan Argyll situated strategically beside the heart of Georgetown and is in close proximity to the famous ‘Penang Road’. It is ideally located in a very distinctive neighbourhood that houses prominent office buildings and hotels like the Sheraton Hotel and Penang Plaza and is only 5 minutes’ drive away from KOMTAR.
The Smooth flow of traffic on Jalan Argyll makes it convenient for tenants and visitors, who want to avoid the hassle of traffic congestion.
Together with the services of public buses and taxis which constantly ply this road, makes Menara MAA a location with ideal accessibility.
Pearl Garden, Penang
Pearl Garden befits the charm of the Pearl of the Orient, offering homeworkers the finest example of splendid condominium living. Aborned with luxuries that complement Penang’s most exquisite lifestyle, and set amidst refreshing green environment, Pearl Garden is truly a dream-come-true, it’s everything you desire in a modern luxury home.
Located in the upcoming township of Sungai Ara, a neighbourhood unspoilt by the hustle and bustle of the city, Pearl Garden signifies serenity and gives peace of mind. Rising 20 metres above sea level, overlooking the sea and the surrounding hills, it is considered as the most excellent ‘Fung Shui’ in this region. The previous owner Mr Brown who owned a few thousand acres of land in Sungai Ara, chose this particular site to dwell due to its excellent location.
Seruan Emas, Penang
117 units of medium cost apartment and 2 units of shop lots located in the heart of Georgetown.
- Located in the heart of Georgetown
- Easy accessibility to schools, clinics, shops & market
- Lavish open space
- Fencing with 24 hour security
- Ample car parking lots
- Recessed and private entrance to each unit
- Quality floor finishes
- 2 high speed lifts serving every floor
- Centralised refuse chutes
University Shoplots, Penang
A 5-storey building with 88 units of shop lots at Jalan Sungai Dua, Penang.
University Heights, Penang
Why explore the Galaxy? When Venus and Mercury are in the vicinity of Sungai Dua. An exclusive low density residential scheme offers you the pleasant and yet affordable apartments. A 5 to 10 minutes’ drive will whiz you to schools, clinics, banks, market, post office, FTZ, the Penang Bridge and Penang International Airport. Most of all, you are also a prestigious neighbour to the famed Universiti Sains Malaysia.
Venus hails 72 units of apartment rising from a 12-storey block while Mercury soars 20-storey high, offering 152 units of apartment. All in all, just 224 units of these extremely desirable apartments will be built on 5 acres of verdant land which overlooks lush hills, the South Channel, the famed Penang Bridge and the sprawling campus of USM.
Wisma Malvest, Penang
A 6-storey commercial building at Jalan Tun Dr. Awang, Penang. Handed over with occupancy certificate in the beginning of 1994.
Seri Nibung Shoplots, Penang
A 5-storey shop cum office with 40 commercial lots located at Jalan Tun Dr. Awang, Penang.
Wisma MCIS, Penang
Wisma MCIS (formerly known as Wisma Argyll)
An 8-storey office building with 8 office lots and basement car park at Jalan Argy
Seri Nibung Apartment, Penang
Two twin blocks of a 10-storey building with 295 units located at Jalan Tun Dr. Awang, Penang next to Bukit Jambul golf course.
MORE KELANTAN PROJECTS
TROIKA, Kota Bharu
A new landmark in Kota Bharu is born, the Golden Triangle. It is inspired by three prominent streets of Kota Bharu, Kelantan; where government bureaus, educational institutions and commercial hubs are just in the immediate vicinity.
A rare gold mine that unites convenient amenities, excellent locations and exclusive lifestyle over 1.4 acres of land, Golden Triangle is meant to burgeon Kota Bharu, Kelantan into a thriving city.
Everything is nearer than YOU CAN IMAGINE.
Kubang Kerian Commercial Centre, Kelantan
46 units of 3-storey shop offices, 4 units of 4-storey shop offices, and also a block of hypermarket at Jalan Raja Perempuan Zainab 2 (opposite University Sains Malaysia), Kota Bharu, Kelantan.
Mukim Kenor, Kuala Kerai, Kelantan
A 80 units of low cost house and 7 units of 1-storey shop at Kuala Kerai, Kelantan.
Mukim Pak Pura, Bachok, Kelantan
A 144 units of low cost house located at Bachok, Kelantan.
MORE PENANG PROJECTS
Orchardia, Balik Pulau
9.5 acres of residential scheme consists of 4 units of 3-storey Semi-Detached and 95 units of 3-storey terrace houses at the town of Balik Pulau, Penang. Certificate of Completion & Compliance (CCC) obtained in December 2013.
Kimberley Square, Penang
Kimberley Square portrays a 5-storey modern contemporary commercial centre located in the Chinatown of Georgetown. It consists of 34 spacious business suites for multi-type of business activities and, with flexibility, to complement one another. For the convenience of logistics in this commercial centre, an elegantly designed elevator is added to the building.
Kimberley Square is specially designed and planned for the furthermost of business activities within the Central Business District.
Kimberley Square, with its wide corridors fronting all the business suites on every levels, offers a conducive business and working environment. Its close proximity to Komtar and the Prangin Mall has made Kimberley Square a valued property for investment.
Tanjung Villas, Penang
In the search for the best and finest of Penang residential locations, one prime place continues to upstage most others – Tanjung Villas.
Tanjung Villas, an intimate and luxurious gated enclave gracing a 2.7 acres, well landscape piece of land with 32 units of strata titled Semi-Detached house and 36 units of 4-storey Duplex Townhouses, is designed to be a haven for exclusive living at Tanjung Tokong, Penang.
Balik Pulau Garden, Penang
110 units of low cost flat, 70 units of medium cost apartment and 14 units of shop houses located in the heart of Balik Pulau.
Peel Avenue Villa, Penang
3-storey Luxury Bungalows at junction of Peel Avenue and Jalan Dunn, Penang.
Menara MAA, Penang
Menara MAA Penang is on Jalan Argyll situated strategically beside the heart of Georgetown and is in close proximity to the famous ‘Penang Road’. It is ideally located in a very distinctive neighbourhood that houses prominent office buildings and hotels like the Sheraton Hotel and Penang Plaza and is only 5 minutes’ drive away from KOMTAR.
The Smooth flow of traffic on Jalan Argyll makes it convenient for tenants and visitors, who want to avoid the hassle of traffic congestion.
Together with the services of public buses and taxis which constantly ply this road, makes Menara MAA a location with ideal accessibility.
Pearl Garden, Penang
Pearl Garden befits the charm of the Pearl of the Orient, offering homeworkers the finest example of splendid condominium living. Aborned with luxuries that complement Penang’s most exquisite lifestyle, and set amidst refreshing green environment, Pearl Garden is truly a dream-come-true, it’s everything you desire in a modern luxury home.
Located in the upcoming township of Sungai Ara, a neighbourhood unspoilt by the hustle and bustle of the city, Pearl Garden signifies serenity and gives peace of mind. Rising 20 metres above sea level, overlooking the sea and the surrounding hills, it is considered as the most excellent ‘Fung Shui’ in this region. The previous owner Mr Brown who owned a few thousand acres of land in Sungai Ara, chose this particular site to dwell due to its excellent location.
Seruan Emas, Penang
117 units of medium cost apartment and 2 units of shop lots located in the heart of Georgetown.
- Located in the heart of Georgetown
- Easy accessibility to schools, clinics, shops & market
- Lavish open space
- Fencing with 24 hour security
- Ample car parking lots
- Recessed and private entrance to each unit
- Quality floor finishes
- 2 high speed lifts serving every floor
- Centralised refuse chutes
University Shoplots, Penang
A 5-storey building with 88 units of shop lots at Jalan Sungai Dua, Penang.
University Heights, Penang
Why explore the Galaxy? When Venus and Mercury are in the vicinity of Sungai Dua. An exclusive low density residential scheme offers you the pleasant and yet affordable apartments. A 5 to 10 minutes’ drive will whiz you to schools, clinics, banks, market, post office, FTZ, the Penang Bridge and Penang International Airport. Most of all, you are also a prestigious neighbour to the famed Universiti Sains Malaysia.
Venus hails 72 units of apartment rising from a 12-storey block while Mercury soars 20-storey high, offering 152 units of apartment. All in all, just 224 units of these extremely desirable apartments will be built on 5 acres of verdant land which overlooks lush hills, the South Channel, the famed Penang Bridge and the sprawling campus of USM.
Wisma Malvest, Penang
A 6-storey commercial building at Jalan Tun Dr. Awang, Penang. Handed over with occupancy certificate in the beginning of 1994.
Seri Nibung Shoplots, Penang
A 5-storey shop cum office with 40 commercial lots located at Jalan Tun Dr. Awang, Penang.
Wisma MCIS, Penang
Wisma MCIS (formerly known as Wisma Argyll)
An 8-storey office building with 8 office lots and basement car park at Jalan Argy
Seri Nibung Apartment, Penang
Two twin blocks of a 10-storey building with 295 units located at Jalan Tun Dr. Awang, Penang next to Bukit Jambul golf course.
MORE KELANTAN PROJECTS
TROIKA, Kota Bharu
A new landmark in Kota Bharu is born, the Golden Triangle. It is inspired by three prominent streets of Kota Bharu, Kelantan; where government bureaus, educational institutions and commercial hubs are just in the immediate vicinity.
A rare gold mine that unites convenient amenities, excellent locations and exclusive lifestyle over 1.4 acres of land, Golden Triangle is meant to burgeon Kota Bharu, Kelantan into a thriving city.
Everything is nearer than YOU CAN IMAGINE.
Kubang Kerian Commercial Centre, Kelantan
46 units of 3-storey shop offices, 4 units of 4-storey shop offices, and also a block of hypermarket at Jalan Raja Perempuan Zainab 2 (opposite University Sains Malaysia), Kota Bharu, Kelantan.
Mukim Kenor, Kuala Kerai, Kelantan
A 80 units of low cost house and 7 units of 1-storey shop at Kuala Kerai, Kelantan.
Mukim Pak Pura, Bachok, Kelantan
A 144 units of low cost house located at Bachok, Kelantan.
NEXEL PLACE
Where Lifestyle Meets Opportunity
Experience the pinnacle of integrated living at Nexel Place – a visionary mixed development located in the heart of Kulim Hi-Tech Park (KHTP), embraced by the lush greens of Kulim Golf. Live, work, and unwind in one dynamic destination featuring:
- Modern Service Apartments & Luxury Condominiums
- MSC-Status Office Tower
- International Hotel with Banquet Hall & Meeting Spaces
- 500m Vibrant Commercial Promenade
Wake up to panoramic golf course views and a thriving lifestyle hub at your doorstep.
Coming Soon
NEXEL PLACE
Where Lifestyle Meets Opportunity
Experience the pinnacle of integrated living at Nexel Place – a visionary mixed development located in the heart of Kulim Hi-Tech Park (KHTP), embraced by the lush greens of Kulim Golf. Live, work, and unwind in one dynamic destination featuring:
- Modern Service Apartments & Luxury Condominiums
- MSC-Status Office Tower
- International Hotel with Banquet Hall & Meeting Spaces
- 500m Vibrant Commercial Promenade
Wake up to panoramic golf course views and a thriving lifestyle hub at your doorstep.
MORE PENANG PROJECTS
Orchardia, Balik Pulau
9.5 acres of residential scheme consists of 4 units of 3-storey Semi-Detached and 95 units of 3-storey terrace houses at the town of Balik Pulau, Penang. Certificate of Completion & Compliance (CCC) obtained in December 2013.
Kimberley Square, Penang
Kimberley Square portrays a 5-storey modern contemporary commercial centre located in the Chinatown of Georgetown. It consists of 34 spacious business suites for multi-type of business activities and, with flexibility, to complement one another. For the convenience of logistics in this commercial centre, an elegantly designed elevator is added to the building.
Kimberley Square is specially designed and planned for the furthermost of business activities within the Central Business District.
Kimberley Square, with its wide corridors fronting all the business suites on every levels, offers a conducive business and working environment. Its close proximity to Komtar and the Prangin Mall has made Kimberley Square a valued property for investment.
Tanjung Villas, Penang
In the search for the best and finest of Penang residential locations, one prime place continues to upstage most others – Tanjung Villas.
Tanjung Villas, an intimate and luxurious gated enclave gracing a 2.7 acres, well landscape piece of land with 32 units of strata titled Semi-Detached house and 36 units of 4-storey Duplex Townhouses, is designed to be a haven for exclusive living at Tanjung Tokong, Penang.
Balik Pulau Garden, Penang
110 units of low cost flat, 70 units of medium cost apartment and 14 units of shop houses located in the heart of Balik Pulau.
Peel Avenue Villa, Penang
3-storey Luxury Bungalows at junction of Peel Avenue and Jalan Dunn, Penang.
Menara MAA, Penang
Menara MAA Penang is on Jalan Argyll situated strategically beside the heart of Georgetown and is in close proximity to the famous ‘Penang Road’. It is ideally located in a very distinctive neighbourhood that houses prominent office buildings and hotels like the Sheraton Hotel and Penang Plaza and is only 5 minutes’ drive away from KOMTAR.
The Smooth flow of traffic on Jalan Argyll makes it convenient for tenants and visitors, who want to avoid the hassle of traffic congestion.
Together with the services of public buses and taxis which constantly ply this road, makes Menara MAA a location with ideal accessibility.
Pearl Garden, Penang
Pearl Garden befits the charm of the Pearl of the Orient, offering homeworkers the finest example of splendid condominium living. Aborned with luxuries that complement Penang’s most exquisite lifestyle, and set amidst refreshing green environment, Pearl Garden is truly a dream-come-true, it’s everything you desire in a modern luxury home.
Located in the upcoming township of Sungai Ara, a neighbourhood unspoilt by the hustle and bustle of the city, Pearl Garden signifies serenity and gives peace of mind. Rising 20 metres above sea level, overlooking the sea and the surrounding hills, it is considered as the most excellent ‘Fung Shui’ in this region. The previous owner Mr Brown who owned a few thousand acres of land in Sungai Ara, chose this particular site to dwell due to its excellent location.
Seruan Emas, Penang
117 units of medium cost apartment and 2 units of shop lots located in the heart of Georgetown.
- Located in the heart of Georgetown
- Easy accessibility to schools, clinics, shops & market
- Lavish open space
- Fencing with 24 hour security
- Ample car parking lots
- Recessed and private entrance to each unit
- Quality floor finishes
- 2 high speed lifts serving every floor
- Centralised refuse chutes
University Shoplots, Penang
A 5-storey building with 88 units of shop lots at Jalan Sungai Dua, Penang.
University Heights, Penang
Why explore the Galaxy? When Venus and Mercury are in the vicinity of Sungai Dua. An exclusive low density residential scheme offers you the pleasant and yet affordable apartments. A 5 to 10 minutes’ drive will whiz you to schools, clinics, banks, market, post office, FTZ, the Penang Bridge and Penang International Airport. Most of all, you are also a prestigious neighbour to the famed Universiti Sains Malaysia.
Venus hails 72 units of apartment rising from a 12-storey block while Mercury soars 20-storey high, offering 152 units of apartment. All in all, just 224 units of these extremely desirable apartments will be built on 5 acres of verdant land which overlooks lush hills, the South Channel, the famed Penang Bridge and the sprawling campus of USM.
Wisma Malvest, Penang
A 6-storey commercial building at Jalan Tun Dr. Awang, Penang. Handed over with occupancy certificate in the beginning of 1994.
Seri Nibung Shoplots, Penang
A 5-storey shop cum office with 40 commercial lots located at Jalan Tun Dr. Awang, Penang.
Wisma MCIS, Penang
Wisma MCIS (formerly known as Wisma Argyll)
An 8-storey office building with 8 office lots and basement car park at Jalan Argy
Seri Nibung Apartment, Penang
Two twin blocks of a 10-storey building with 295 units located at Jalan Tun Dr. Awang, Penang next to Bukit Jambul golf course.
MORE KELANTAN PROJECTS
TROIKA, Kota Bharu
A new landmark in Kota Bharu is born, the Golden Triangle. It is inspired by three prominent streets of Kota Bharu, Kelantan; where government bureaus, educational institutions and commercial hubs are just in the immediate vicinity.
A rare gold mine that unites convenient amenities, excellent locations and exclusive lifestyle over 1.4 acres of land, Golden Triangle is meant to burgeon Kota Bharu, Kelantan into a thriving city.
Everything is nearer than YOU CAN IMAGINE.
Kubang Kerian Commercial Centre, Kelantan
46 units of 3-storey shop offices, 4 units of 4-storey shop offices, and also a block of hypermarket at Jalan Raja Perempuan Zainab 2 (opposite University Sains Malaysia), Kota Bharu, Kelantan.
Mukim Kenor, Kuala Kerai, Kelantan
A 80 units of low cost house and 7 units of 1-storey shop at Kuala Kerai, Kelantan.
Mukim Pak Pura, Bachok, Kelantan
A 144 units of low cost house located at Bachok, Kelantan.
CONTACT US
Nexel Group Sdn. Bhd.
202301044609 (1538525-V).
(A subsidiary of PGF Capital Berhad)
Address:
Wisma Malvest, 20E Jalan Tun Dr. Awang, 11900 Penang.
Tel : +604 642 3333
Fax : +604 641 3000
Email : info@nexel.com.my
Penang
Corporate HQ
Address:
Wisma Malvest, 20E Jalan Tun Dr. Awang, 11900 Penang.
Tel : +604 642 3333
Fax : +604 641 3000
Email : info@nexel.com.my
Kota Bharu
Regional Office
Address:
2-2, Troika Kota Bharu, Jalan Mahmood, 15200 Kota Bharu. Kelantan
Tel : +609 747 8268
H/P : +6017 477 0288
Email : info@nexel.com.my