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Paramount unveils master plan for half billion ringgit university metropolis

KUALA LUMPUR (Jan 8): Paramount Corporation Bhd has unveiled the master plan for its RM500 million university metropolis at Glenmarie to be called Paramount Utropolis.

In a statement Tuesday, the company said the development would comprise of 21 acres of mixed commercial and residential units, anchored by the KDU University College campus.

The mixed commercial and residential units have a gross development value of RM800 million.

Paramount said Phase 1 of the new KDU University College campus at Utropolis, costing RM320 million, had been designed around the philosophy that learning is experiential and can happen anywhere.

It said there would be open spaces, themed gardens and discussion cubes, along with 9 fully equipped lecture halls that can house up to 250 students each, 60 state of the art classrooms for classes, tutorials and discussions, a 50,000 sq ft space housing KDU University College’s comprehensive library and a 500-bed student village.

Paramount group CEO Chan Say Yeong said he hoped to capture the essence of other university metropolises in the world, like Oxford, Cambridge or Melbourne.

“These are all perfect examples of university metropolises that stay vibrant and energised with the constant infusion of students and visitors coming in.  It is this same essence that we want to capture at Utropolis. We want to create a neighbourhood and a community inspired by learning.” he said.

Speaking about the choice of Glenmarie as the site of the new campus and development, Chan said that Glenmarie was a fast growing township, with a strong base of service and manufacturing industries, along with a high ratio of professionals, who provide a natural and ready catchment for businesses at Utropolis.

“With a young population of 200,000 within a 10 km radius, easy access and transportation links across the Klang Valley, students would have no problem getting to and from the campus. It was the ideal location that gives us the space to inspire learning and living.”

Paramount’s executive deputy chairman, Datuk Teo Chiang Quan said the unveiling of Utropolis marked the first time Paramount’s two businesses – property development and education – had come together in one place.

“What makes this development most significant though is that it is a reflection of how Paramount is evolving and embracing change, in both its core businesses,”

““We have been working closely with industry partners, and introducing more programmes that are at the forefront of what industry is asking for today, with programmes in IT & game development, business & law, and hospitality & tourism.” he added.

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