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Old October 17th, 2012, 09:36 AM   #81
rizalhakim
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new design or difrnt project???

CK Graphic
Image of the Day, 15/10/2012.
Client Name: PJ Sentral.
Project Name: Bisraya


Last edited by rizalhakim; October 17th, 2012 at 09:43 AM.
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Old October 17th, 2012, 03:56 PM   #82
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Reminds me of something in Hong Kong... The tallest one seems to be a 40+ story skyscraper with gardens every few floors including the rooftop, impressive green building!

And seems like there has been no commencement of work, since the two 4-story PKNS blocks were demolished a few months ago... Is it because of this redesign?
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Old November 1st, 2012, 05:56 AM   #83
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Gapurna wants to grow further design-build-lease business

1/11/2012


Imran (left) and Salim at the briefing after the signing ceremony.

KUALA LUMPUR: Gapurna Sdn Bhd, which will build and lease a building to a unit of UK-based Standard Chartered Bank, aims to develop more customised commercial buildings for multinational corporations (MNCs) on design-build-lease deals in the Klang Valley.

Director Imran Salim said Kuala Lumpur had competitive advantages for MNCs. “Our property prices are still relatively low, we have a strong and capable workforce and good infrastructure.

“Yes, we do see the opportunities for Kuala Lumpur to become a regional hub for a lot of MNCs,” said Imran after the signing of an agreement for Gapurna to build and lease a building to Scope International (M) Sdn Bhd, which is a wholly owned subsidiary and global shared services centre of Standard Chartered Bank, United Kingdom.

The building, which has a gross development value (GDV) of RM250mil, will be located near Scope International's present premises in Technology Park Malaysia, Bukit Jalil.

According to Imran, the nine-storey building has an area of 450,000 sq ft and will be leased to Scope International for 14 years.

He said the building was expected to be completed in 12 months.
Gapurna group managing director Datuk Mohamad Salim Fateh Din pointed out that the company was also completing a 38-storey building with a GDV of RM1.1bil at 348 Sentral in KL Sentral that would be leased to oil giant Shell for 15 years.

“Shell is expected to occupy the building next year,” he said.
Mohamad Salim said the company worked with clients on the design and customisation of the buildings. “Clients have different needs and requirements for aspects such as safety in their business operations,” he said.
Gapurna, he said, also developed customised buildings for long-term lease agreements.

Imran also confirmed a recent report that there were plans for five custom-built office towers on the 40-acre plot located behind Hilton Petaling Jaya Hotel.

“The office towers are in the first phase and will be on 12 acres. Development on the remaining phases will be based on market demand,” he said.

Meanwhile, Imran said the company was looking at the possibility of setting up a real estate investment trust (REIT) for its buildings.
“We are looking into many different opportunities about how we want to park our asset base. This is a natural progression for property developers who have long-term income from their buldings.
“They will package or park it into a REIT and we are studying this move,” he said.

More: The Star http://biz.thestar.com.my/news/story...2&sec=business
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Old November 1st, 2012, 07:37 AM   #84
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I love this

Quote:
Originally Posted by rizalhakim View Post
new design or difrnt project???

CK Graphic
Image of the Day, 15/10/2012.
Client Name: PJ Sentral.
Project Name: Bisraya

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Old November 1st, 2012, 07:38 AM   #85
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beautiful

''
Quote:
Originally Posted by rizalhakim View Post
Different project????
PJ Sentral and Tower 5
Developer - Gapurna (Seputeh 8 & 348 Sentral)
Description:
Masterplan, 12,000,000 sq ft development area. Offices, serviced apartments, hotel, institutional and retail units.
Innovations & Added Value:
Achieves a very high density while generating significant new green space - a new public park - and retaining one of Jaya's oldest buildings as a historic landmark. All parking below grade for an enhanced public realm. Integrates with KL skyline while generating visual presence. Highly adaptable, flexible masterplan. Generates a range of distinctive neighbourhoods. Well connected, integrates with public transport.
http://www.3dreid.com/uploads/conten...l_Malaysia.pdf
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Old November 2nd, 2012, 08:31 AM   #86
azey
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i hope thts real coz its amazing....the colour
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Old November 16th, 2012, 01:45 PM   #87
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2nd KL Sentral in the making...


Gapurna confirms talks with MRCB for merger



By Mohd Kamarul Azhar of theedgeproperty.com

Friday, 16 November 2012 18:27

PUTRAJAYA (Nov 16): Gapurna Sdn Bhd, a company said to be 40% held by Employees Provident Fund (EPF), today (Friday) confirmed that it is in talks with Malaysian Resources Corporation Bhd (MRCB) for a merger between its unit Nusa Gapurna Development Sdn Bhd and the property group via share swap.

Speaking to reporters during a break at the final Economic Transformation Programme Progress Update (ETP Update) for this year, Gapurna's director Imran Salim said the group has started studying the proposal and a lot of detailing works will have to be done before a deal between the two parties could be achieved.

"The deal is still at an early stage, we have been in talks with MRCB for a possible share swap. We will have to get the agreement of our board, MRCB's board, shareholders. There are a lot of stakeholders that are having a say in the deal. This will result in a potential merger between MRCB and Gapurna," said Imran without explaining any further.

In July this year, The Edge weekly newspaper broke a story of a possible merger between Gapurna, which is linked to businessman Datuk Mohamad Salim Fateh Din, with MRCB. It was reported that Gapurna owns about 60 acres of prime land in Klang Valley, worth between RM11 billion to RM13 billion.

However, Gapurna has not decided yet whether to inject its entire land banks into MRCB or to just select a few to be included in the deal, a source told theedgemalaysia.com. This is because Gapurna will have to ensure that the deal will benefit itself as much as it will benefit MRCB.

Among Gapurna's land banks is a 40 acre land in Seksyen 52, Petaling Jaya, which will be redeveloped into a RM11 billion GDV real estate project called the PJ Sentral Garden City by Nusa Gapurna. The company plans to build six commercial blocks with retail components, that might feature a indoor ski arena.

According to Imran, the construction of PJ Sentral will start in the second or the third quarter of next year, with the first four blocks estimated to be completed in three years after the first brick was laid.


"One of the first four blocks has been sold to a corporation to turn it into its headquarters. The other three blocks have been tenanted to other corporations as well.These blocks will be built to cater to the specific needs of these corporations and that's why we need to start the construction as soon as possible," said Imran.

The 30-year old spokesman said PJ Sentral will incorporate green features such as electric cars charging pods to be installed at the parking bays. Car owners will be able to charge their electric cars and make payment through debit or credit cards.

To increase the value of PJ Sentral, Imran said the company is working with local works authorities such as Jabatan Kerja Raya (JKR) and Lembaga Lebuhraya Malaysia (LLM) to improve the connectivity between the development and the rest of Petaling Jaya and Klang Valley.

A proposed expressway connecting Damansara and Kinrara, the Kinrara-Damansara Expressway (KIDEX) has been approved and Gapurna is proposing for a direct link from the expressway be constructed in PJ Sentral, said Imran.

He also said once the project is completed, which could take about seven to eight years from now, Gapurna may consider to inject the assets of the company into a real estate investment trust (REIT).

"We will package all these buildings into a REIT. We may start with a private REIT first before we go into a public REIT. We have to ensure a good property portfolio to attract investors to subscribe to our REIT," added Imran.

When asked why Gapurna did not just choose to go public via an initial public offering of its shares, Imran said "there is no point for the group to go public and become a second tier listed property developer".

He said Gapurna is comfortable being a private company, thus if it wants to go public, it is better for it to go big, by joining forces with an established group like MRCB.

"We are taking a quantum leap to become a public listed entity through the possible merger. We see opportunity with MRCB, there is synergy between the group and Gapurna and we see the future potential to become a bigger entity through the merger," added Imran.



MORE: http://www.theedgeproperty.com/news-...or-merger.html
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Old November 16th, 2012, 02:21 PM   #88
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Published: Friday November 16, 2012 MYT 7:21:00 PM

Gapurna's PJ Sentral Garden City to have GDV of RM11b

PUTRAJAYA: Gapurna Sdn Bhd's 40-acre development, PJ Sentral Garden City, is estimated to have a gross development value of RM11bil.

The initial investment of RM5.23bil would be funded through a mix of short-term and long-term debts. Construction is expected to go into full swing in the second or third quarter of 2013.

Project director Imran Salim said on Friday that Gapurna would tap into borrowings from banks.

"We're looking at short-term conventional financing and probably raising funds through bonds for the long term. Ultimately, we want to park the assets into a real estate investment trust," he said at the last ETP Progress Update for 2012.

The development is expected to create a gross national income impact of RM522.97mil in 2020 and generating 36,828 jobs up to that year.

The first phase, comprising of a 12-acre development of six customised-commercial buildings, has four blocks completely taken up by local and multi-national companies for long-term leasing.

PJ Sentral Garden City is undertaken by Nusa Gapurna Sdn Bhd through its subsidiaries, in a joint venture with Selangor State Development Corp (PKNS).

Nusa Gapurna is 60:40 owned by Gapurna Sdn Bhd and the Employees Provident Fund.


More: http://biz.thestar.com.my/news/story...4&sec=business
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Old November 17th, 2012, 04:11 PM   #89
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Approved.

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Old November 17th, 2012, 09:11 PM   #90
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One thing i really dun quite understand.......... the paper yesterday reported the unveilling of this project under the ETP by our PM.........but i thought this project has been ongoing for quite some time ........when i was still in Kenanga Investment Bank, i basically witnessed and "felt" the demolition of the old buildings (my office building was shaking when they took down the old building next to us using the excavator).......the project site is just adjacent to my office.......
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Old November 17th, 2012, 11:25 PM   #91
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Bye bye to hexagon office block? But wow the tallest block looks tall
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Old November 18th, 2012, 07:11 AM   #92
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That building with the curved sides facing the Federal Highway is still around though... But yeah, the tallest tower is indeed very high, probably around 50+ floors (in relation to its 40-storey neighbor, the PJ8 Serviced Suites)?

And since PJ Sentral Garden City is already approved, when will groundbreaking works start then? Can't wait for it to commence soon!
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Old November 21st, 2012, 12:35 PM   #93
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wow..it will be the tallest building in PJ state!
who is the civil & structure engineer for this project? anyone know?
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Old December 13th, 2012, 08:03 AM   #94
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MBSB buying RM239.24mil a 30storey tower in PJ Sentral
http://biz.thestar.com.my/news/story...4&sec=business
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Old December 17th, 2012, 04:18 PM   #95
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MBSB to buy building in PJ as headquarters



By Ben Shane Lim of theedgeproperty.com

Thursday, 13 December 2012 14:17


KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) has entered into a conditional sale and purchase agreement (SPA) with PJ Sentral Development Sdn Bhd to buy a 27- to 30-storey office building for RM239.24 million.

The “grade A” office building is part of the first phase of a proposed mixed development project named PJ Sentral Garden City which will contain MBSB’s flagship banking hall. The whole development will consist of five office towers and a 1.61ha central park.

“The proposed acquisition will create visibility for the group which is in turn expected to further strengthen and enhance the group’s corporate image, identity and presence,” the group said in its filing with Bursa Malaysia yesterday.

“It will also allow the group to consolidate and centralise its business units as well as business functions to achieve greater operating efficiency,” it added.

MBSB currently houses about 700 employees in its two office premises in Damansara Heights — in Menara MBSB which is owned by the group and Menara I&P 2 which is rented. The new building will not only house the group’s subsidiaries under one roof, but will also boast an electronic banking customer service area as well as a larger information technology data centre to cater to the group’s core banking platform.

Last month, the group began its move towards computerisation when it launched its new MBSB Integrated Core Banking System (MICoB).

The MICoB will be crucial to the group’s aspirations in obtaining a banking licence, said chief executive Datuk Ahmad Zaini Othman prior to the launch. Ahmad noted that next year would be a good year.

The developer, PJ Sentral Development, is 70% owned by Nusa Gapurna Development Sdn Bhd and 30% owned by PKNS Holdings Sdn Bhd. Nusa Gapurna in turn is a 60:40 joint venture between property developer Gapurna Sdn Bhd and the Employees Provident Fund. MBSB’s building will have 281,455 sq ft of net lettable area (NLA) as well as four basement carpark levels and one service floor. That works out to about RM850 psf based on the total NLA.

The group, which provides personal and property financing, will fork out RM71.77 million in internally generated funds to finance the project while the remaining RM167.47 million will be from bank borrowings.

This article first appeared in The Edge Financial Daily, on Dec 13, 2012.

More: http://www.theedgeproperty.com/news-...dquarters.html
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Old January 11th, 2013, 06:58 PM   #96
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Do you guys know out of sudden this becomes one of the largest urban project under ETP?
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Old January 12th, 2013, 07:53 AM   #97
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Quote:
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Do you guys know out of sudden this becomes one of the largest urban project under ETP?
This is indeed a great news...it's time to revitalize this sleeping part of PJ.
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Old February 8th, 2013, 10:26 AM   #98
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Published: Friday February 8, 2013 MYT 3:20:00 PM

MRCB suspended for announcement, likely linked to Gapurna share swap


KUALA LUMPUR: Trading in the securities of Malaysian Resources Corporation Bhd (MRCB) was suspended in the afternoon session on Friday for a corporate announcement.

At 12.30pm, it was up two sen to RM1.26. However, the share price is down 44.5% over the past 12 months from RM2.27 on Feb 8, 2012 due to a lack of rerating catalysts and positive newsflow.

It was understood the suspension was for MRCB to announce a share swap with Gapurna Sdn Bhd.

A news report said it could be a potential deal with the Gapurna group for injection of 60 acres of prime land worth RM1bil into the former's landbank in exchange for shares


http://biz.thestar.com.my/news/story...8&sec=business
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Old February 8th, 2013, 05:24 PM   #99
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Published: Friday February 8, 2013 MYT 7:26:00 PM

MRCB-Gapurna in RM729m corporate exercise



KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) and Gapurna Sdn Bhd have teamed up in a RM729mil corporate exercise which would see Gapurna injecting 33 acres of land in the Klang Valley valued at RM459mil into MRCB.

In a joint statement issued on Friday, MRCB said it had signed several agreements with companies related to Gapurna Sdn Bhd for total purchase consideration of RM729mil.

This would comprise of RM111mil cash payment and issuance of 398.709 million MRCB shares with attached 113.971 million free warrants on the basis of two new MRCB warrants for every 7 new MRCB shares held.

MRCB also inked conditional share sale agreements with Nusa Gapurna Development Sdn Bhd (NGD) to acquire several of its subsidiaries, which owns the 33 acres of land in the Klang Valley for RM459mil, and Gapurna's related companies Gelanggang Harapan Construction Sdn Bhd (GHC) for RM250mil and Gapurna Global Solution Sdn Bhd (GGS) for RM20mil.

Gapurna and the Employees Provident Fund Board own 60% and 40% of NGD. EPF also owns 42.2% of MRCB.

MRCB also entered into a first rights of refusal cum call option agreement with NGD to acquire all the remaining land and any future development lands secured by NGD over a period of three years and a RM50mil profits guarantee agreement with Gapurna for GHC.

The new MRCB shares is priced at RM1.55 per share, a premium of 25% above the last closing price of MRCB at RM1.24 on Thursday and a premium of 9% to 21% above the five days and one month weighted average price (VWAP) of RM1.28 and RM1.42 respectively up to Thursday.


More: http://biz.thestar.com.my/news/story...0&sec=business
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Old February 10th, 2013, 08:34 PM   #100
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MRCB set to have share in PJ Sentral
SHAREN KAURPublished: 2013/02/08
http://www.btimes.com.my/Current_New...#ixzz2KWSUz8fr



RM11B PROJECT: Property group signs RM729m deals with Gapurna

MALAYSIAN Resources Corp Bhd (MRCB) will have a share in the RM11 billion PJ Sentral Garden City project, with Gapurna Sdn Bhd emerging as its new shareholder.

PJ Sentral, located in Section 52 of Petaling Jaya, is a 70:30 joint venture between Nusa Gapurna Development Sdn Bhd (NGD) and the Selangor Economic Development Corp (PKNS). The project will begin this year.

NGD is a subsidiary of Gapurna, controlled by businessman Datuk Mohamad Salim Fateh Din.

MRCB is the builder for KL Sentral, an integrated transport hub in Brickfields. KL Sentral, slated to finish in 2016, is the only current project for MRCB.

MRCB yesterday announced that it has teamed up with Gapurna in a RM729 million corporate exercise which will see the private developer injecting land worth RM459 million into the property and construction group, in return for shares.

The 13.2ha land is located in the Klang Valley and includes the PJ Sentral development.

Trading in MRCB shares was suspended in the afternoon session for the announcement.

In a statement, MRCB said it signed several agreements with companies related to Gapurna for total purchase consideration of RM729 million.

These include RM111 million cash payment and issuance of 398.71 million MRCB shares with attached 113.97 million free warrants on the basis of two new MRCB warrants for every seven new MRCB shares held.

The new MRCB shares are priced at RM1.55 per share, which is a 25 per cent premium over the stock's last closing price of RM1.24 on Thursday. MRCB shares have fallen by some 45 per cent from RM2.27 since February 8 2012 as it lacked new developments.

MRCB chief financial officer Chong Chin Ann said the acquisition will boost the group's landbank with the key development being PJ Sentral, and the potential to replicate the KL Sentral development.

Besides the land deal, MRCB inked agreements with NGD to acquire several companies related to Gapurna such as Gelanggang Harapan Construction Sdn Bhd (GHC) for RM250 million and Gapurna Global Solution Sdn Bhd (GGS) for RM20 million.

MRCB also entered into a first rights of refusal-cum-call option agreement with NGD to acquire all the remaining land and any future development land secured by NGD over three years as well as a RM50 million profits guarantee pact with Gapurna for GHC.

The entire exercise is expected to be completed in the next quarter, subject to approval from shareholders of MRCB at an extraordinary meeting.

Post the proposed acquisitions, Gapurna will have direct and indirect interest of 16.8 per cent of the enlarged MRCB, while the Employees Provident Fund's (EPF) interest will be 38.4 per cent. EPF now has a 42.2 per cent interest in MRCB and 40 per cent in NGD.

Salim will also be appointed as the managing director of MRCB.

Gapurna, the EPF and parties acting in concert for the proposed acquisition will seek an exemption from the Securities Commission from undertaking a mandatory takeover offer for the remaining MRCB shares not owned by them upon completion of the deal.
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