S P Setia Wins Heritage Award For Battersea Power Station At FIABCI World Prix D’excellence Awards 2024
SHAH ALAM – S P Setia Bhd (“Setia” or “the Group”), as part of the Malaysian consortium Battersea Powerstation Development Co Ltd for Battersea Power Station (“BPS”) – along with Sime Darby Property Bhd, Employees Provident Fund (“EPF”) and Permodalan Nasional Bhd (“PNB”) – has been honoured the Heritage Award of the FIABCI World Prix D’Excellence Awards 2024 at its awards gala held in Singapore on May 30, 2024, adding to its list of existing accolades.
Setia CEO and President Datuk Choong Kai Wai said, “We are really honoured to receive this recognition for breathing new life into this iconic London landmark. It is all about how we have managed to preserve its history, façade and old charm while bringing in newness in our offerings, retail mix in the development. This award drives us to continue to push our boundaries in the foreign market.”
The Group also received certificates from the Ministry of Housing and Local Government (KPKT) at their awards excellence ceremony to celebrate the gold award winners of the FIABCI World Prix D’Excellence Awards 2024 in Putrajaya on June 7, 2024.
Setia Chief Operating Officer Datuk Zaini Yusoff, who was present at the ceremony said the recognition of the gold awards by KPKT encompassed Setia’s previous wins of their developments, and that the Group will continuously aim to achieve a higher standard of living, based on its values of live, learn, work and play.
To date, Setia holds the world record for the highest number of gold award wins across the globe, with a total of 17 FIABCI World Gold Prix d’Excellence Awards. Preserving heritage, embracing a sustainable future Zooming into Setia’s most recent accomplishment, FIABCI’s Heritage Category award criteria involve and evaluate its architecture impact, design, implementation stage, financial and marketing, community benefits and environmental impact.
Poised to be London’s next bustling hub and destination, BPS – which is an iconic regeneration development – has a gross development value (GDV) of estimated £9 billion (RM52 billion) and was purchased by its current shareholders in 2012. It comprises 42 acres of prime land and real estate in London, which includes a 3.5 million sq ft of mixeduse commercial space, 4,000 residences and hotel, the 164-room art’otel London Battersea Power Station.
The regeneration development is a testament to Setia’s (and its respective shareholders’) dedication in championing sustainability. Its values resonate with Setia’s commitment to environmental and social responsibility, which are parallel with the Group’s vision to be one of the leaders in creating sustainable communities.
The Group’s sustainability framework also outlines its key principles, and business processes that are aligned with the United Nations Sustainable Development Goals (UN SDGs).
