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Old April 3rd, 2013, 04:44 PM   #1
davidwsk
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KUALA LUMPUR | Kompleks Dayabumi | 291m | 953ft | 60 fl | U/C

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Quote:
Originally Posted by nazrey View Post
RM900m facelift for Kompleks Dayabumi
UPGRADING WORKS: Retail podium to be demolished for high-rise office-cum-residential tower, says source
SHAREN KAURPublished: 2013/03/30
http://www.btimes.com.my/Current_New...#ixzz2Ohs1BnM9

KOMPLEKS Dayabumi, one of the oldest skyscrapers in Kuala Lumpur, will get a RM900 million upgrade, with its retail podium demolished to make way for a high-rise office-cum-residential tower.

KLCC Property Holdings Bhd (KLCCPH), a member of Petroliam Nasional Bhd (Petronas) Group via its wholly-owned unit Kompleks Dayabumi Sdn Bhd, is refurbishing the 35-storey Menara Dayabumi for around RM50 million to RM70 million while its annexed six-storey retail podium, City Point, will make way for the new tower block.

The upgrading plan, which started last year, is slated to be completed in 2015 or 2016.

KLCCPH chief executive officer Hashim Wahir did not respond to Business Times queries.

Menara Dayabumi, a landmark in Kuala Lumpur, was the site of Malayan Railway workshops and depots from 1900s to 1981.
The General Post Office, a company controlled by Tan Sri Syed Mokhtar Al Bukhary and located adjacent to the complex, however, is not up for redevelopment.

Business Times understands that KLCCPH is expected to raise the rental rates by more than 50 per cent and, thereby affect majority of its tenants.

"KLCCPH is looking at growing its recurring income base and the upgrading of the complex is crucial to meet certain targets," said a source.

For fiscal year 2010, KLCCPH increased its office rental rate for Kompleks Dayabumi from RM4 per sq ft to RM5 psf through internal upgrades.

According to KLCCPH's 2011 annual report, the complex managed to yield rental growth with higher rates with refurbishment to the lift lobbies.

That had boosted its revenue by 13 per cent year-on-year.

The source said the audited net book value of the complex, which was RM330 million at March 31 2008, would be surpassing the RM700 million mark once renovations are completed.

Construction on the complex began in 1982 and was completed in 1984. The Urban Development Authority was the owner then until KLCCPH took over in 2005.

Menara Dayabumi was the former headquarters of Petronas before the Petronas Twin Towers were built.

Current tenants include several Petronas subsidiaries, CIMB, Maybank, BSN, Mercy Malaysia, Malaysian Economic Research and retailers.
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Old April 3rd, 2013, 04:44 PM   #2
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Old February 28th, 2014, 06:12 PM   #3
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Old March 19th, 2014, 05:00 PM   #4
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Old July 8th, 2014, 08:04 PM   #5
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Quote:
Originally Posted by patchay View Post
KOMPLEKS DAYABUMI PHASE 3

The redevelopment of Kompleks Dayabumi Phase 3 involve the demolition works of the existing 6 storey City Point and two car park basements where the new development will take place. The KompleksDayabumi II consists of five storey retail podium with multi-purpose hall on top of it and sixty storey office and hotel tower. The hotel which sits on top of the tower will have uninterrupted 360 majestic view of city skyline especially towards Dataran Merdeka and KLCC Twin Tower. The development will be connected physically to the existing Kompleks Dayabumi creating bigger retail podium. The new tower will have three frontages facing the main road, the museum and the exciting boulevard front facing the newly upgraded River Of Life of KlangRiver. The design concept is prepared by Arquitectonica of Hong Kong.













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Old September 2nd, 2014, 01:46 PM   #6
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cool!
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Old November 18th, 2014, 09:11 AM   #7
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Quote:
Originally Posted by nazrey View Post
KLCC Property shares likely to be subdued
10 NOVEMBER 2014 @ 11:32 PM
http://www.nst.com.my/node/51507

CIMB Research said KLCC Property Holdings (KLCCP) share price performance would likely be subdued, given the lack of fresh catalysts, coupled with the market’s current lacklustre interest in real estate investment trust (REIT).

The research house maintains its “hold” call on the stock with target price raised from RM6.40 to RM6.90.

KLCCP’s third quarter 2014 (3Q2014) year-on-year (yoy) revenue grew by 3.2 per cent, driven by growth in its retail, hotel and management services by 5.5 per cent, 2.5 per cent and 6.2 per cent, respectively.

Higher rental rates underpinned by the rental of its new outlets and rental reversions of existing outlets are the main factors for its retail revenue growth.

KLCCP’s hotel operations growth was influenced by the hotels food and beve-
rage (F&B) segment, coupled with higher revenues due to the opening of the ball-
room facilites after the completion of renovation.

KLCCP’s 3Q14 profit before tax grew by 3.6 per cent in line with its revenue growth.

KLCCP will start construction on Menara Dayabumi Phase 3 in Kuala Lumpur next year, after recently obtaining the final investment decision (FID) on the project, said CIMB Research.

The research house said the phase involves redevelopment of Citipoint Podium into a 60-storey tower which comprises 600,000 sq ft office space and a 500-room hotel.

KLCCP has already secured the tenant for the office space while the hotel operator has been identified. The project is expected to be completed by end-2018.
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Old February 3rd, 2015, 08:39 AM   #8
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Meanwhile, plans for a new tower near Menara Dayabumi in Kuala Lumpur, which were first announced in 2013, will see a new 80-storey block being built where the current City Point shopping centre is, which will be demolished, sources said.

This development will also include a luxury hotel as well as new office space.

According to sources, the new office space will be largely taken up by the needs of Petronas for its back-end services.

“Dayabumi is largely tenanted by Petronas companies such as its shared services team. These groups are growing and so they will need new space,” said a source.

The redevelopment of the Dayabumi complex is expected to start this year, with completion targeted for 2019.
http://www.thestar.com.my/Business/B...LCC/?style=biz
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Old April 17th, 2015, 01:18 PM   #9
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SHANGRI-LA KUALA LUMPUR

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Originally Posted by rizalhakim View Post
KLCCP Stapled Group, which is planning to build a 60-storey office and hotel tower(Shangri-La) next to Menara Dayabumi
http://www.thestar.com.my/Business/B...umi/?style=biz

He said the new tower would be built on the current City Point shopping centre, which is currently being demolished. City Point is part of Kompleks Dayabumi.

The plan for a new tower next to Menara Dayabumi was first announced in 2013. It is expected to have a 540-room hotel, 500,000 sq ft of office space and five levels of retail podium.

“We are expecting the tower to be completed by 2019. We are looking at a potential yield of more than 10% since we are building it,” Hashim said.

He added that the group was also planning to add another 35,000 sq ft of office space at Menara Dayabumi, which would see the building’s atrium transform into three levels of office space.
......
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Old April 20th, 2015, 05:28 PM   #10
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There's no official name yet. Hence, renaming is not necessary. Thanks.
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Old April 21st, 2015, 03:26 AM   #11
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Good to have another Shangri-la hotel in Kl
welcome back Robert Kuok
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Old April 21st, 2015, 03:54 AM   #12
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Seems a pity to me to build a tower obstructing the beautiful Dayabumi complex.

This tower may be old, but its a classic skyscraper and is well known for the beautiful Islamic influence in its design.
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Old April 26th, 2015, 03:19 PM   #13
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Shangri-la is coming to its homeland
welcome back Robert Kuok

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Originally Posted by patchay View Post
Guys, it's gonna be Hotel Jen, the 3rd Shangri-La group of brands in KL, after Shangri-La and Traders Hotel.
image hosted on flickr
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Old May 7th, 2015, 05:32 AM   #14
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https://www.facebook.com/kldevelopmentconstruction

DSC_0054 copy by atifnadzir, on Flickr
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Old July 22nd, 2015, 08:43 AM   #15
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Hotel Jen Kuala Lumpur

latest

from Nazrey
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Old September 12th, 2015, 09:00 PM   #16
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Today
....
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Old September 25th, 2015, 06:23 PM   #17
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Sep 2015

from Dengilo
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Old October 23rd, 2015, 05:16 PM   #18
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22 Oct 2015

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by hazwan
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Old November 2nd, 2015, 03:50 AM   #19
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The rendering from Nazrey

Hotel Jen
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Old February 10th, 2016, 03:05 AM   #20
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Hotel Jen KL

Quote:
Originally Posted by patchay View Post
KOMPLEKS DAYABUMI PHASE 3

The redevelopment of Kompleks Dayabumi Phase 3 involve the demolition works of the existing 6 storey City Point and two car park basements where the new development will take place. The KompleksDayabumi II consists of five storey retail podium with multi-purpose hall on top of it and sixty storey office and hotel tower. The hotel which sits on top of the tower will have uninterrupted 360 majestic view of city skyline especially towards Dataran Merdeka and KLCC Twin Tower. The development will be connected physically to the existing Kompleks Dayabumi creating bigger retail podium. The new tower will have three frontages facing the main road, the museum and the exciting boulevard front facing the newly upgraded River Of Life of KlangRiver. The design concept is prepared by Arquitectonica of Hong Kong.













http://www.nry.com.my/
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