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Old July 3rd, 2012, 04:39 AM   #1
rizalhakim
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HARRODS SQUARE ( HOTEL & RESIDENCES ) | Kuala Lumpur (Jalan Conlay) | Prep

Qatar Hlg, Jerantas to sign MoU on Harrods Hotel
By Vasantha Ganesan
Published: 2012/07/03

KUALA LUMPUR: The world-renowned Harrods department store has set its eyes on Malaysia as the site of a Harrods Hotel.

An invite sent to the media said Qatar Holding LLC would be signing a memorandum of understanding with Jerantas Sdn Bhd today to explore Malaysia, specifically Bukit Bintang, as the ideal site for the next Harrods Hotel development.

According to sources, Qatar Holdings will be working with Tradewinds Corp Bhd (TCB) on the venture.

TCB holds the franchise for the Harrods retail stores in Malaysia and had indicated as early as 2008 in its annual report that it could collaborate with Harrods in future residential, commercial and hotel projects, especially in Kuala Lumpur.

According to a source, there is also a possibility of Harrods Residences opening together with the Harrods Hotel.


“The Harrods Residences will be sold at a higher price than The Banyan Tree Residences,” the source said.

In September last year, the then Kuala Lumpur mayor Tan Sri Ahmad Fuad Ismail revealed that a consortium of three developers was proposing to build the Harrods Hotel.

Apart from Qatar Holding and TCB, sources identified the third interested party as Datuk Desmond Lim.

Qatar Holding and Lim both are the major unitholders of the Pavilion Real Estate Investment Trusts.

Ahmad Fuad had at the time identified a piece of land in Jalan Conlay near Restaurant Seri Melayu as a suitable site for the hotel.

The restaurant, which is owned by Amcorp Group Bhd, sits on land that is leased from Lembaga Kraftangan Malaysia.

Lembaga Kraftangan comes under the Information, Communications and Culture Ministry and acts as the custodian for the Federal Lands Commissioner.

It is understood that the government had put out a tender for the sale of the said land.

It also understood that Lim owns the lease on the strip of land where the Chulan Square restaurants are located.

The signing of the MoU, to be held at the Pavilion Mall, here, will be attended by Qatar Holding vice-chairman Dr Hussain Ali Al-Abdulla and Jerantas corporate representative Tan Sri Abdul Aziz Ismail.

A search on the Companies Commission of Malaysia (SSM) revealed that Jerantas' main shareholders are PS Trading Sdn Bhd (33.99 per cent), Gagasan Simfoni Sdn Bhd (65.99 per cent), with Saharuddin Abdullah and Sumami Kiman each holding one share.

The directors of the company, appointed in March 2012, include Datuk Manan Md Said, Raja Sa'adi Raja Amrin and Shaharul Farez Hassan. Shaharul is group chief executive officer of TCB.

Manan and Raja Sa'adi have an equal share in Gagasan Simfoni and are directors of the company.

The Harrods department store in Knightbridge, London, was sold in 2010 by Mohammed Al Fayed to the Qatari royal family's investment firm Qatar Holding, which is also the investment arm of Qatar Investment Authority (QIA).

It was reported previously that a Harrods Hotel was planned on the rooftop of the department store. The status of this project is unknown.


Read more: Qatar Hlg, Jerantas to sign MoU on Harrods Hotel http://www.btimes.com.my/Current_New...#ixzz1zWVPbLX5
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Old July 3rd, 2012, 04:45 AM   #2
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They are already in talks to buy up the Restaurant Seri Melayu land on Jalan Conlay.

A few possibilitties:

1. Restaurant Seri Melayu on Jalan Conlay (Amcorp-Lembaga Kraftangan)

2. Atop Pavilion 2 Extension on Jalan Bukit Bintang (Desmond-Malton-Pavilion)

3. Redevelopment for Hotel Istana (Syed Mokhtar-Tradewinds)

4. KLCC plot (KLCC Holdings)
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Old July 3rd, 2012, 05:19 AM   #3
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Can't wait for this super building...

Last edited by davidwsk; August 30th, 2012 at 07:15 AM.
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Old July 3rd, 2012, 08:36 AM   #4
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woowwww make sure it coming with harrods luxury department store....
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Old July 3rd, 2012, 08:53 AM   #5
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old rendering
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Old July 3rd, 2012, 10:08 AM   #6
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Quote:
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old rendering
Please dun build if it is this..
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Old July 3rd, 2012, 10:13 AM   #7
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if only they use this land from KLCCP lar...

This one is for Lot D / D1
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Old July 3rd, 2012, 10:14 AM   #8
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Qatar plans Harrods hotels in Kuala Lumpur
Published: 2012/07/03





Qatar Holding LLC said it plans to open Harrods-branded hotels in cities around the world including New York and Paris, two years after buying the British luxury retailer from the family trust of Mohamed Al-Fayed.

The Doha-based company, an arm of Gulf Arab state’s sovereign wealth fund, signed an agreement with Malaysian partners today for a proposed hotel in Kuala Lumpur’s Bukit Bintang shopping district. A hotel management company will be established to seek out similar projects around the world, according to a joint statement by Harrods Ltd and Qatar Holding.

“We have already decided to build a Harrods Hotel in London, one in Kuala Lumpur and one in Sardinia, Italy,” Qatar Holding Vice Chairman Hussain Ali Al-Abdulla told reporters in the Malaysian capital today. “We are looking to invest more in Malaysia because we think the economy is growing.”

Qatar Holding paid 1.5 billion pounds (US$2.3 billion) for Harrods in 2010, including its landmark store in London’s Knightsbridge district, which opened in 1849 and counted Sigmund Freud and Oscar Wilde among its customers. The hotel initiative is part of a strategy to develop the brand beyond retailing


The Kuala Lumpur hotel would be the group’s first in Asia. It also wants to open in China, Al-Abdullah said.

Chelsea Barracks

Construction will start in a year on a 5.5-acre (2.2 hectare) site in the Malaysian capital, he said. About RM2 billion (US$634 million) will be spent on the development, which will comprise as many as 300 hotel rooms, apartments and retail space, said Al-Abdullah.

Its preference is to build on sites already owned by Qatar Holding or its affiliates, such as London’s Chelsea Barracks site or Sardinia’s Costa Smeralda, according to the statement.

“Qatar Holding ultimately intends to grow Harrods into a global enterprise that defines the luxury retailer and leisure sectors,” it said.

Qatar Holding is part of the Qatar Investment Authority, which is the largest shareholder in the J Sainsbury Plc grocery chain in the U.K, and invested US$2.8 billion in Agricultural Bank of China Ltd’s initial public offering last year. -- Bloomberg
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Old July 3rd, 2012, 10:16 AM   #9
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so Harrods Hotel & Residences KL will be 1 of the world's 1st Harrods Hotel..cool!!!
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Old July 3rd, 2012, 10:50 AM   #10
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Quote:
Originally Posted by Greg View Post
old rendering
pls.. dont build this in the prime land..
this is just the mercu zikay's design level
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Old July 3rd, 2012, 10:52 AM   #11
rizalhakim
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ini lama punya proposal like 8-10years ago.....dats da the proposal from ATSA if im not mistaken

Last edited by rizalhakim; July 3rd, 2012 at 10:59 AM.
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Old July 3rd, 2012, 10:57 AM   #12
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alamak... pendek lagi hodoh!

are there any good architects left?

maybe the question should be... are there any developers WILLING to spend a little more for creativity rather than mediocrity?

too much s%#t got into designer's eyes maybe??
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Old July 3rd, 2012, 11:21 AM   #13
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Harrods Hotel & Residences will have some retail space --> could this be for Harrods Departmental Store KL???

THAT IS WRONG PROPOSAL. HOPE NO CONFUSION CREATED.
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Old July 3rd, 2012, 02:29 PM   #14
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Keluar TV3 news juz now....2 3 towers????tall and glassy.....anyway dey did mentioned dat Harrods Hotel will be da 1st 7star hotel in dis region....
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Old July 3rd, 2012, 03:29 PM   #15
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Qatar Holding, Jerantas in RM2b Harrods Hotels and Residences JV (Update)

Published: Tuesday July 3, 2012 MYT 1:42:00 PM
Updated: Tuesday July 3, 2012 MYT 4:01:38 PM

KUALA LUMPUR: Qatar Holding LLC and Jerantas Sdn Bhd are teaming up to build Asia's first Harrods Hotels and Residences costing RM2bil in downtown Kuala Lumpur.

The two parties signed a memorandum of understanding on Tuesday for the project which would be built on a piece of land between Jalan Raja Chulan and Jalan Conlay.

The hotel and serviced apartments would be developed on 5.48 acres of land where Chulan Square and Seri Melayu Restaurant are located.

Qatar Holding owns Harrods and the project is part of a long-term strategy to develop the Harrods brand.

The plan is to expand the Harrods Group portfolio by opening Harrods-branded hotels in London as well as other prime locations around the world.

“The target plan is to open Harrods hotels at sites in key cities such as Kuala Lumpur, New York and Paris and as well as in China. Preference will be given to construction on sites already owned by Qatar Holding or its affiliates as well as other prime locations around the world,” Qatar Holding said in a statement.
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Old July 3rd, 2012, 03:38 PM   #16
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Qatar plans Harrods hotels in Malaysia, Paris

5:58am EDT
Special Report: Petronas chafes at its role as Malaysia's piggy bank
Mon, Jul 2 2012


DOHA/KUALA LUMPUR (Reuters) - Qatar's sovereign wealth fund plans to take the Harrods brand global to cities such as Paris and New York, and will start by building a luxury hotel named after the upmarket London department store in Malaysia's capital Kuala Lumpur.

Qatar Holding has signed an agreement with Malaysian partner Jerantas Sdn Bhd to build a hotel in Kuala Lumpur's Bukit Bintang shopping district. A hotel management company will be established to develop similar projects around the world, Qatar Holding said in a statement.

"The target plan is to open Harrods hotels at sites in key cities such as Kuala Lumpur, New York and Paris as well as in China. Preference will be given to construct on sites already owned by Qatar Holding or its affiliates, for example at Chelsea Barracks in London or Costa Smeralda in Sardinia," it said.

"Qatar Holding ultimately intends to grow Harrods into a global enterprise that defines the luxury retail and leisure sectors."

Qatar Holding vice chairman Hussain Ali al-Abdulla told reporters in Kuala Lumpur the Malaysian locality had been chosen because its "economy is growing."

Construction will start in a year on the 5.5-acre (2.2 hectare) site in Kuala Lumpur, with about 2 billion ringgit to be spent on the development, which will comprise as many as 300 hotel rooms, apartments and retail space, he said.

Qatar Holding bought the famous London department store in 2010 from Egyptian-born businessman Mohamed al-Fayed in a deal reported to be worth around 1.5 billion pounds. The sale brought to an end 25 years of ownership by Fayed, who became its honorary chairman.

Fayed, who also owns English soccer club Fulham, bought Harrods in 1985 for about 615 million pounds at a time when the group also owned the House of Fraser department store chain, which was later spun off.

A colourful figure, he waged a long campaign claiming his son Dodi and Princess Diana, who died together in a Paris car crash in 1997, were murdered in a conspiracy.

Qatar's sovereign wealth fund has been the region's most active in recent years, deploying the Gulf nation's plentiful natural gas riches in assets ranging from German sports car maker Porsche (PSHG_p.DE) to British bank Barclays (BARC.L). (Reporting by Regan Doherty and Siva Sithraputhran; Editing by Mark Potter)
http://www.reuters.com/article/2012/...86201X20120703
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Old July 3rd, 2012, 03:44 PM   #17
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Old July 3rd, 2012, 05:10 PM   #18
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so it will be build at the bukit bintang district...any idea which lot will be...the old proposal rendering really 90's!!!!second design better sikit lah from first design...because for me,harrods is about something traditional,glam old look,royal...it is not too modern...
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Old July 3rd, 2012, 05:34 PM   #19
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so it will be build at the bukit bintang district...any idea which lot will be...the old proposal rendering really 90's!!!!second design better sikit lah from first design...because for me,harrods is about something traditional,glam old look,royal...it is not too modern...
They want to buy Seri melayu... opposite Pavilion, near Banyan
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Old July 3rd, 2012, 05:39 PM   #20
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ok got it...sory baca tak habis...
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