View Full Version : KUALA LUMPUR | Kenanga Investment Bank Redevelopments


nazrey
July 20th, 2009, 06:10 PM
Kenanga Investment Bank

http://asia-eqpartners.com/images/kenanga1.jpg

http://asia-eqpartners.com/images/kenanga2.jpg

Kenanga International is undergoing refurbishment now. The project is in the Execution phase now, having passed several milestones starting from Conceptual phase, Pre-design followed by Design Development phase and Submission for Local Authority (DBKL) approval.

The Construction activities for the refurbishment work has commenced in June 2008, immediately after the project obtained the Development Order from DBKL. We envisage for the refurbishment to be completed by Q4 2009. The main scope of work of the refurbishment has remained unchanged, except for further refinement of the Detailed Plans, as the following:

- Installation of a new external façade with new curtain walling by having a combination of laminated glass and aluminum cladding

- Retrofitting the Main Lobby into a new modern interior, equipped with security access control features and a new Food & Beverage area plus a new Information Counter

- Creating new Main Entrance and Drop-off Zone with water feature elements at both sides of the pedestrian walkway

- A new Secondary Lobby with new passenger lift fronting Jalan Perak

- Converting the underutilized Squash Court on the Upper Ground and First Floor into new offices

- Enlargement of office space by converting the existing ledges at Building Perimeter

- Installation of new Building Automation System ( BAS)

- Replacement of the existing AHU System ( Air-cond) as well as improving the building ventilation system and many others.

http://www.estate123.com/ImageUpload/23092008090028PM1726706536@KENANGA%20INTERNATIONAL%20MAIN%20VIEW33.jpg http://www.estate123.com/ImageUpload/23092008090028PM1726706536@kenanga%20international%20front%20view2.jpg

An office building in Kuala Lumpur’s central business district, K&N Kenanga International was acquired in May 2007 for RM165 million and will undergo refurbishment works which will increase its lettable floor area to 70,000 sq ft. Total investment is an expected RM198 million. Acquired on behalf of Injaz AsiaEquity Property Fund I, this investment is expected to be disposed prior to the completion of its refurbishment.

nazrey
July 20th, 2009, 06:21 PM
Location:

http://www.picamatic.com/show/2009/07/20/08/22/4512094_799x533.JPG

nazrey
July 20th, 2009, 06:24 PM
From Malaysian forum

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nazrey
July 20th, 2009, 06:52 PM
by rizalhakim

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nazrey
July 20th, 2009, 06:52 PM
by rizalhakim

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nazrey
July 20th, 2009, 06:54 PM
by rizalhakim

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nazrey
July 20th, 2009, 07:01 PM
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nazrey
July 20th, 2009, 07:04 PM
by rizalhakim

http://www.picamatic.com/show/2009/07/20/09/04/4512779_803x640.JPG

nazrey
July 20th, 2009, 07:12 PM
by rizalhakim

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nazrey
July 20th, 2009, 07:15 PM
by rizalhakim

http://www.picamatic.com/show/2009/07/20/09/05/4512937_803x637.JPG

nazrey
July 21st, 2009, 09:20 AM
The site:
From malaysian forum

http://img268.imageshack.us/img268/7358/47889424.jpg

nazrey
August 9th, 2009, 03:02 PM
Location:

http://www.picamatic.com/show/2009/07/20/08/22/4512094_799x533.JPG

From Malaysian forum

http://img248.imageshack.us/img248/4451/27197897.jpg

letalweapon
August 14th, 2009, 07:36 AM
la ciudad de kuala lumpur tiene un bonito skyline..... buenas fotos

World 2 World
August 14th, 2009, 07:50 AM
la ciudad de kuala lumpur tiene un bonito skyline..... buenas fotos

Gracias:)

nazrey
August 17th, 2009, 10:42 AM
by rizalhakim

http://farm3.static.flickr.com/2502/3829246812_a7679abc07_o.jpg

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nazrey
September 2nd, 2009, 07:02 AM
la ciudad de kuala lumpur tiene un bonito skyline..... buenas fotos

English please! :)

nazrey
September 14th, 2009, 09:20 AM
by rizalhakim

http://farm3.static.flickr.com/2502/3829246812_a7679abc07_o.jpg

http://farm4.static.flickr.com/3579/3829245302_07a484b994_o.jpg

UPDATE:
by rizalhakim

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nazrey
October 13th, 2009, 04:30 PM
UPDATE:
by rizalhakim

http://farm3.static.flickr.com/2564/4007727062_2859409dc1_o.jpg

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nazrey
November 10th, 2009, 06:19 PM
UPDATE:



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nazrey
February 3rd, 2010, 08:15 PM
UPDATE:



http://farm3.static.flickr.com/2687/4085840941_751df5979d_o.jpg

nazrey
February 3rd, 2010, 08:16 PM
PNB buys Kenanga building for RM250m
By Vasantha Ganesan
Published: 2009/12/21

http://www.btimes.com.my/articles/pnbken/front_top

Permodalan Nasional Bhd has purchased the 22-storey Kenanga International Building in Kuala Lumpur from Injaz AsiaEquity Property

Permodalan Nasional Bhd (PNB) has bought the Kenanga International Building on Jalan Sultan Ismail, Kuala Lumpur, for an estimated RM250 million, sources say.

The 22-storey commercial building with a three-and-a-half- storey annexed podium block was purchased from Injaz AsiaEquity Property Bhd.

Injaz AsiaEquity was jointly set up by Middle East Injaz Mena Investment Co and Singapore-based AsiaEquity Partners Inc.

"The acquisition by PNB was completed on Thursday (December 17)," a source told Business Times.

Another source said that the building was sold for about RM700 per sq ft.

Based on reports, the building is said to have a net lettable area of 297,522 sq ft and sits on 6,804 sq m of land. However, under a planned refurbishment and upgrading exercise, the building will have an additional lettable area of 70,000 sq ft. This will translate into some RM250 million.

PNB did not respond to Business Times' query.

In September 2008, Tower Real Estate Investment Trusts (Tower REIT) said that it had planned to buy Kenanga International Building for RM157.5 million. This deal, which works out to around RM550 per sq ft, was not completed as some conditions were
not met.

Sources say PNB is paying more for the deal because of the upgrading work.

According to Kenanga International's website, the upgrade is in the final phase and will be completed by December 31 2009. The building will house an executive lounge, a new secondary lobby and a swimming pool.

In June 2007, K&N Kenanga Bhd sold the building to Injaz AsiaEquity for RM165 million.

Meanwhile, three years ago, PNB bought the 35-storey Bangunan MAS on Jalan Sultan Ismail located across Kenanga International Building for RM130 million.

PNB has indicated that it plans to convert Bangunan MAS into a business or five-star hotel and to demolish the podium next to it for a luxury serviced apartment tower. The hotel and apartments would be worth a combined RM1 billion.