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Old April 26th, 2013, 05:03 PM   #1
davidwsk
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KUALA LUMPUR | Lot D1 | 250m+ | 60 fl+ | Pro

Name: Lot D1, KLCC (PETRONAS)
Floor : 60 fl +
Categories: Mixed-Use

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Originally Posted by davidwsk View Post
Lot D1, KLCC runner-up design..who has the winner design??





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Originally Posted by Brannix View Post
note: not the latest but for reference





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Originally Posted by davidwsk View Post
repost...since they have take down their render..


patchay.com
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Old April 26th, 2013, 05:04 PM   #2
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KLCC Property Holdings aims to be No. 1 on REIT




It sees potential in redeveloping some of its assets


Growth plan: Hashim (left) and Manharlal speaking to reporters at the EGM. The group has a three-pronged approach for expansion. On the left is Chairman of KLCC Property Krishnan CK Menon.



PETALING JAYA: KLCC Property Holdings Bhd (KLCCP) is eyeing significant redevelopment opportunities for some of its assets as it transforms itself to become the country's largest real estate investment trust (REIT) - KLCCP Stapled Group.

“We have a three-pronged approach for growth and this includes the significant redevelopment potential arising from Kompleks Dayabumi, and that is why we have not injected it into the REIT yet.

“We also have a 1.5-acre vacant land named Lot D1, which is in front of Mandarin Oriental that has significant development opportunities,” KLCCP group chief executive officer Hashim Wahir told a press conference after the group's EGM yesterday.

Shareholders approved the formation of the country's first ever syariah-compliant stapled REIT which portfolio would include the Petronas Twin Towers, Menara ExxonMobil, and Menara 3 Petronas. The exercise is expected to be completed by early next month.

All these assets are wholly-owned by Petronas and have 100% occupancy rate. Menara 3 has a 100% occupancy rate for its office portion and a 93.9% for its retail portion.

The property assets are worth in excess of RM15bil which would make the KLCCP Stapled Group more than three times larger than the second largest REIT vehicle, Sunway REIT.

KLCCP will be the REIT manager and would retain Suria KLCC, Mandarin Oriental, Kompleks Dayabumi and Lot D1 in its portfolio.

“This structure would enable us to develop the potential under KLCCP, and once these assets mature, we can inject them into the REIT,” he said. He said KLCCP wanted multinationals to be the anchor tenant of Lot D1, and that the KLCCP Stapled Group was capable of developing projects similar to Menara 3 Petronas, which has a built-up space of approximately one million sq ft.


“Growth would also come from annual rental increments agreed with its tenants,” he said.

Director Datuk Manharlal Ratilal also said KLCCP was in a unique situation with the assets under the REIT on a 15-year triple net lease basis.

“These lease agreements allow for yearly increments, and there will be rental increments every three years. This provides us with a long-term stable income as the chief tenant is Petronas.

“The quantum of increment is about 3% per annum but this will be compounded as a rental revision every three years,” he said.

He said based on the company's price of RM7.09 on Friday, and assuming pro forma as things proceed as planned, the KLCCP Stapled Group would have a market capitalisation of about RM12bil upon listing.

On a year-to-date basis, KLCCP has appreciated 12% to RM7.05, and while on a six month basis it has increased by some 14.4%. It closed four sen lower with 1.08 million shares traded yesterday.

More: http://biz.thestar.com.my/news/story...2&sec=business
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Old April 26th, 2013, 05:04 PM   #3
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KLCC stapled REIT to be among Asia's largest

9-April-2013





The new stapled security structure is also committed to paying more than 90 per cent of its distributable income as dividends.

Hashim said more assets would be injected into the REIT such as Kompleks Dayabumi, which is currently being upgraded to include a new high-rise office tower, and a new building structure nearby Mandarin Oriental.

"We have 0.6ha (site) nearby the hotel. We are talking to multinational companies to be the anchor tenant. Once that is established, building construction would commence. It may be a replica of Menara 3 Petronas, which has a retail component," he said.







More: http://www.btimes.com.my/Current_New...#ixzz2PvKvTDJG
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Old May 10th, 2013, 10:36 AM   #4
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Coming soon..


KLCCP seeks tenants for new projects

By Afiq Isa of theedgemalaysia.com
Friday, 10 May 2013 14:10 Bookmark and Share


KUALA LUMPUR: Kuala Lumpur City Centre Property Holdings Bhd (KLCCP) is focusing on the ongoing development of its prime assets, Lot D1 and Kompleks Dayabumi, according to CEO Hashim Wahir.

The group is considering a mixed development on Lot D1 with 80% comprising offices and 20% retail elements. Hashim said the group is in the process of securing anchor tenants for Lot D1, which is located on a 1.4-acre plot opposite the Mandarin Oriental Hotel here.

“I can only give you the gross development value once we have completed the master plan and know the quantum of rental our tenants are willing to pay,” he said after the listing ceremony of KLCC stapled Real Estate Investment Trust (KLCC REIT) on Bursa Malaysia yesterday.

On redeveloping Kompleks Dayabumi, Hashim said there are several plans, including re-positioning retail space and adding more office space. A hotel was mooted as a possibility and the estimated time frame given for the redevelopment is four years.

The landmark 35-storey Kompleks Dayabumi is the former headquarters of Petroliam Nasional Bhd (Petronas). The tower was completed in 1984 and features Islamic-inspired architecture on its facade.

The two properties are part of the newly structured KLCC stapled REIT, which is the largest of its kind in Malaysia. The group’s portfolio is collectively valued at RM15 billion, and is three times larger than its nearest REIT competitor. Hashim is bullish about KLCC REIT’s prospects.

“We have received many enquiries from institutional fund managers. With our asset class, we expect to gain the attention of high-quality investors. The investors will take notice of our commitment for a 90% distributable income payout to shareholders,” he said.

Under the listing, Petronas Twin Towers, Menara 3 Petronas and Menara ExxonMobil are housed under KLCC REIT. Other assets — Suria KLCC, Menara Dayabumi and Mandarin Oriental Hotel — remain under KLCCP.

The majority of KLCCP properties are in the KLCC precinct, which is well-known as the capital’s commercial, shopping and entertainment hub.

The stapled structure of the REIT consolidates the existing KLCCP shares with KLCC REIT units, resulting in the company being a single listed entity. The rationale behind the structure is to unlock value for existing shareholders while retaining the full ownership of current assets.

It also enables the company to maximise the distributable income to shareholders by combining its dividend and the REIT’s distribution per unit. KLCC REIT made strong gains on its first day of listing, rising nearly 7% in intraday trade. The stock closed at RM7.68 yesterday, a 43 sen premium over the initial reference price of RM7.25.



This article first appeared in The Edge Financial Daily, on May 10, 2013.

http://www.theedgeproperty.com/news-...-projects.html
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Old May 10th, 2013, 10:40 AM   #5
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--deleted--

Last edited by davidwsk; May 10th, 2013 at 11:27 AM.
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Old May 11th, 2013, 12:11 AM   #6
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wow this skyscraper looks amazing and the area is just perfect.
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Old May 11th, 2013, 11:19 AM   #7
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Will have a new render.
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Old June 11th, 2013, 03:04 PM   #8
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Lot D1, next to Lot C, KLCC

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Old June 19th, 2013, 01:34 PM   #9
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June 15, 2013
Could be 60 to 70 fl ...

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The Edge Weekender reports:

Contractors have started their bidding process for Lot D1 KLCC (next to Mandarin). It is believed that the project will start by year end.

My personal speculation is we should be looking at a 60-storey+ retail, hotel and office mix-use tower here. It will be interesting if they build the mall wholly-connected with Lot C/Tower 3/Carigali, meaning to say the landscaped fountain in front of Mandarin will have to make way - either fully or partially. Suria KLCC would have been expanded all the way here.
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Old June 20th, 2013, 01:01 PM   #10
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the first rendering is such a waste for such a prime location near PTT, 60-70 floor tower are welcome
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Old June 28th, 2013, 08:39 AM   #11
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KLCCP eyes more assets to enlarge REIT size
28-6-2013


KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) aims to buy more assets to increase the size of its real estate investment trust (REIT) business, currently worth more than RM15 billion.


Its group chief executive officer Datuk Hashim Wahid, however, said the company will only acquire assets that fit its business model.


"We are not specifically looking at any assets now. If there is an opportunity (to acquire assets) that fits the REIT profile, we may consider," he said after the company's shareholders meeting here yesterday.


KLCCP launched Malaysia's first syariah-compliant REIT in May.


The REIT's portfolio currently includes the Petronas Twin Towers, Menara ExxonMobil and Menara 3 Petronas, all of which are wholly owned by Petroliam Nasional Bhd (Petronas). KLCCP has Suria KLCC, Mandarin Oriental, Kompleks Dayabumi and Lot D1 in its portfolio, which are possible assets that may also be injected into the REIT.


Moving forward, KLCCP expects a stable stream of revenue from its property investment and retail divisions to offset the decline in its hotels business.


According to Hashim, the major part of the company's revenue is derived from property investment, office rental and retail centre, followed by hotel property and management services.


"We remain positive on the outlook of our commercial properties due to the long-term lease and quality leesees we have," he said.


He added that the company expects its operating profit to grow up to eight per cent this year, backed by the restructuring in its REIT and higher contribution from its office segment.


On the other matter, Hashim said the company expects to secure anchor tenants for its new retail and office space located at Lot D1, opposite the Mandarin Oriental Hotel, within this year.

"Currently, we are in talks with several parties and we are targeting to secure anchor tenants and finalising the investment decision by the end of this year," he said.


The development in Lot D1 is expected to be completed within four years should the company succeed to finalise the investment decision by year end.


More: http://www.btimes.com.my/articles/KL...#ixzz2XNCQGQXL
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Old November 24th, 2013, 10:57 AM   #12
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yes!!
another supertall
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Old January 10th, 2014, 09:50 PM   #13
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WOW
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Old January 11th, 2014, 01:22 AM   #14
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Nice!
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Old January 11th, 2014, 05:08 PM   #15
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Old January 11th, 2014, 05:08 PM   #16
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Old January 11th, 2014, 06:31 PM   #17
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super likeee...iconic n gorgeous.
pls built fast !
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Old January 11th, 2014, 06:32 PM   #18
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why not 300m+ ?????????????? warghhh the render looks more tall than petronas towers 3
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Old January 11th, 2014, 07:00 PM   #19
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Beautiful. I love the pinstripes.
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Old July 9th, 2015, 06:56 PM   #20
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this park will be my favorite in the world soon with all the projects coming to surround it The petronas twins, fairmont, four seasons, oxley towers and east gateway development to name just the supertalls. Aurora and this tower are just cream on the cake so amazing
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