The company had changed its name due to the entry of new major shareholders since 2014, which included Ghazie Yeoh Abdullah, who was appointed Mulpha Land’s group managing director in 2013, entrepreneur Datuk Fakhri Yassin Mahiaddin, who is the eldest son of former Deputy Prime Minister Tan Sri Muhyiddin Yassin, Datuk Low Keng Siong and Lim Chee Khang.
Chua Sai Men, the eldest son of veteran investor and co-founder of RHB Group, Tan Sri Chua Ma Yu, and Brahmal Vasudevan, who is private equity firm Creador’s founder and chief executive officer, have also emerged as key shareholders of the company.
Combining ‘thrive’ and ‘driven’, and true to the meaning of the two words, Thriven Global, under its new management team, plans to be a leader in the domestic and regional property markets, set new standards and build innovative ‘forward living’ lifestyle projects for its customers.
“True to its new company name, Thriven will continue to ensure operational efficiency, maximize resources, acquire and enlarge our landbank, develop more affordable and luxury properties, establish a stronger presence in the property market and register better revenues. That is the Thriven objective to our shareholders and customers,” said executive chairman Datuk Fakhri.
Thriven Global currently has projects in the Klang Valley, Penang and Kedah with an estimated gross development value of RM1.2 billion. These projects will keep it busy until 2018.
The following are the vision statements of the rejuvenated company.
We believe that property development is fundamentally about the future, about innovative concepts for the middle-income market, distinguished by cutting edge planning and design.
Our products offer a total lifestyle experience where living, leisure and business come together, in one place. And in pursuit of our vision, we forge mutually beneficial relationships of trust with our business associates and customers.
This is Forward Living, in action.
We are driven by design and passionate about the delivery of a quality living experience, be that in the creation of new genres in service residences, or master-planned townships with affordable housing.
We innovate every project from the broad view of urban planning all the way through to the core of the product, the living space, where people feel the impact of our design on a daily basis.
We pursue smarter ways of creating spaces with keen attention to detail and sensitivity to evolving market needs, adopting a thoughtful approach to structures and materials. The result is always a complete living environment and a superior product, which will appreciate in value over time.
For us, property development isn’t just about building houses, it’s about creating holistic, sustainable, living communities. It’s about values.
We believe fundamentally in the family as a core unit of society, which is why a ‘Live-Work-Play’ model lies at the heart of our urban planning. We also believe in sustainable development and caring for the environment, which has two aspects.
First, we take care to ensure that green spaces comprise at least 25% of the land area of all our developments. Second, we try to keep our carbon footprint and energy consumption low, making astute choices in our building design and the selection of materials and lighting to achieve this.
We believe that no truly great vision can be achieved without collaboration, the mutually rewarding dynamic that creates value for everyone as it moves toward the goal.
For this reason we have brought together a broad-based team internally with a complementary range of skill sets, leveraging our diverse backgrounds toward the shared objective of transforming the development landscape in Malaysia.
Externally we also believe in cultivating long-term, mutually beneficial partnerships of trust with our business associates, where each contributes their expertise for the best all round result, which for us means happy customers living in well-designed, healthy and sustainable communities.
- Raintree Residence at Jalan Wickham, off Jalan Ampang Hilir
- 6 Kenny Hills
- Enclave Bangsar
- Taman Seri Bayu township in Penang
- Bukit Panchor Industrial Park in Nibong Tebal, Penang
Ongoing/future developments in Klang Valley:
- Lumi Tropicana at Petaling Jaya
- Lumi Section 13 at Petaling Jaya
- Lumi City, south of Cyberjaya
- Enesta Kepong and Residensi Santai Kepong
Ongoing/future developments in Northern Region:
- Taman Desa Aman township in Kulim, Kedah
- Taman Bukit Panchor township in Nibong Tebal, Penang