CYGAL TOWERS (those 3 beside Menara Telekom)

***baqthier*** · March 2nd, 2005, 10:09 AM

From Malay Mail

Telekom to acquire Cygal office towers
Rizalman Hammim
Mar 2:
TELEKOM Malaysia Bhd, South-east Asia?s second-largest phone company, has signed an agreement to buy one of the office towers at Plaza Cygal in a deal valued as much as RM150 million.

Telekom, which has offered voluntary separation to 30,500 employees in a bid to cut down on costs, signed recently a preliminary sales and purchase agreement for the 20-storey building with a unit of Cygal Bhd, Mail Money was told.

Plaza Cygal, made up of of two office towers and a plaza, is being developed by Cygal Development Sdn Bhd, a unit of Cygal at a cost of about RM400 million.

Upon completion, Plaza Cygal, which is located in Jalan Pantai Baru, behind Menara Telekom, will have an estimated floor space in excess of 1 million square feet.

Telekom officials refused to comment, but company insiders say that it is now scouting for tenants for the office tower.

Telekom has 22 office buildings in Kuala Lumpur with a net book value of about RM1.49 billion.

Menara Telekom, which hou- ses Telekom?s headquarters, has a healthy take-up rate.

Among those who have operations there are TM Facilities Sdn Bhd, TM International Sdn Bhd and GITN Sdn Bhd. They are all units of Telekom.

Pablo · March 2nd, 2005, 05:46 PM

R they gonna convert it as the other office tower for Telekom. Is it impossible?..a huge, tall menara telekom just near to it!! Wat is the reason they want to buy that building?

or They bought this tower, when it is completed they rent out, and get income from there??

Is that means, after telekom had buy the cygal tower, the project will be resume?

***baqthier*** · March 2nd, 2005, 05:56 PM

Telekom so rich mar. I also wonder how's the tallest of the 3 doing? Lasr december you saw how ar Jian?

Pablo · March 2nd, 2005, 06:40 PM

Quote:

Originally Posted by baqthier

Telekom so rich mar. I also wonder how's the tallest of the 3 doing? Lasr december you saw how ar Jian?

I didn't c any ''resume work'' was carry out that time

***szehoong*** · March 2nd, 2005, 08:37 PM

Quote:

Originally Posted by baqthier

Telekom so rich mar. I also wonder how's the tallest of the 3 doing? Lasr december you saw how ar Jian?

Construction is very slow.....but the second tallest tower already nearly fully cladded

Eh....why ask Pablo? Me staying in KL also dun wanna ask!

.....hahaha....anyway just passed by it today and saw the 'progress'

Pablo · March 3rd, 2005, 06:32 AM

Quote:

Originally Posted by szehoong

Construction is very slow.....but the second tallest tower already nearly fully cladded

Eh....why ask Pablo? Me staying in KL also dun wanna ask!

.....hahaha....anyway just passed by it today and saw the 'progress'

...so any pics..i tot the project still halt

***szehoong*** · March 3rd, 2005, 07:57 AM

Quote:

Originally Posted by Pablo

...so any pics..i tot the project still halt

I can't take any pictures when driving along that stretch lah.....very dangerous

ANyway I always tot the project is halted but everytime I see it......it gets more 'complete'.....guess they are still going on with it but at a very very slow pace

ZaHiRnYa??? · March 3rd, 2005, 08:46 AM

extremely extremely slow....

***baqthier*** · March 3rd, 2005, 09:48 AM

I think after Menara Telekom acquire all of them then only it will go fast now?

***szehoong*** · March 3rd, 2005, 10:55 AM

Quote:

Originally Posted by baqthier

I think after Menara Telekom acquire all of them then only it will go fast now?

Hahaha....you think Menara Telekom very fast ar? If I recall correctly.....that building started before PTT and it finished in 2002. I dun call that as fast

Pablo · March 5th, 2005, 04:09 PM

lolol

...I believe the cygal building almost top up right..

Anyway, slow is better than none, halt..

TYW · March 7th, 2005, 05:55 AM

Quote:

Originally Posted by Pablo

lolol

...I believe the cygal building almost top up right..

Anyway, slow is better than none, halt..

isn't it topped out long long ago??

***szehoong*** · March 7th, 2005, 06:03 AM

Quote:

Originally Posted by TYW

isn't it topped out long long ago??

Yea.....all 3 had been topped up quite sometime ago

ZaHiRnYa??? · March 7th, 2005, 06:07 AM

Quote:

Originally Posted by szehoong

Yea.....all 3 had been topped up quite sometime ago

I can bet it will be like that till the end of this year

THT-United · March 8th, 2005, 11:07 AM

Isn't the second tallest one supposed to be a hotel? That building has quite an interesting color (blue all over!)...

But have to agree that the tallest tower is being constructed very slowly... The crane on top does not even move for days on end!

***szehoong*** · March 8th, 2005, 11:13 AM

Passes by those 3 half an hour ago.......got some workers installing the glass cladding on the second tower!

ANyway the first tower's cladding is almost completed while the second one is like 80%. The tallest tower is still unclad

***baqthier*** · March 10th, 2005, 05:18 AM

Aiyoh..percepatkan lah the tallest tower! Make it residential hehe

ZaHiRnYa??? · March 10th, 2005, 05:42 AM

I dont' want to stay there, that is for sure

***szehoong*** · March 10th, 2005, 05:46 AM

Quote:

Originally Posted by ZaHiRnYa???

I dont' want to stay there, that is for sure

Eh....next to LRT and federal highway......not bad mah

.....actually better than many condos already

ZaHiRnYa??? · March 10th, 2005, 05:48 AM

Na....better find some other places. It is not my type of place to live

March 2nd, 2005, 10:09 AM	#1
*baqthier* RISING LIKE A SPIRE! Join Date: Jul 2002 Location: Land of The Petronas Towers Posts: 6,316	CYGAL TOWERS (those 3 beside Menara Telekom) From Malay Mail Telekom to acquire Cygal office towers Rizalman Hammim Mar 2: TELEKOM Malaysia Bhd, South-east Asia?s second-largest phone company, has signed an agreement to buy one of the office towers at Plaza Cygal in a deal valued as much as RM150 million. Telekom, which has offered voluntary separation to 30,500 employees in a bid to cut down on costs, signed recently a preliminary sales and purchase agreement for the 20-storey building with a unit of Cygal Bhd, Mail Money was told. Plaza Cygal, made up of of two office towers and a plaza, is being developed by Cygal Development Sdn Bhd, a unit of Cygal at a cost of about RM400 million. Upon completion, Plaza Cygal, which is located in Jalan Pantai Baru, behind Menara Telekom, will have an estimated floor space in excess of 1 million square feet. Telekom officials refused to comment, but company insiders say that it is now scouting for tenants for the office tower. Telekom has 22 office buildings in Kuala Lumpur with a net book value of about RM1.49 billion. Menara Telekom, which hou- ses Telekom?s headquarters, has a healthy take-up rate. Among those who have operations there are TM Facilities Sdn Bhd, TM International Sdn Bhd and GITN Sdn Bhd. They are all units of Telekom. __________________ Whatever lah! *7 YEARS OF THE MALAYSIAN FORUM Since 22nd Dec, 2002* - Kuala Lumpur Sky - Penang Sky

March 2nd, 2005, 05:46 PM	#2
Pablo Jian Fa Join Date: Sep 2002 Location: George Town, JB Posts: 3,352	R they gonna convert it as the other office tower for Telekom. Is it impossible?..a huge, tall menara telekom just near to it!! Wat is the reason they want to buy that building? or They bought this tower, when it is completed they rent out, and get income from there?? Is that means, after telekom had buy the cygal tower, the project will be resume? __________________ Malaysia Truely ASIA

March 2nd, 2005, 05:56 PM	#3
*baqthier* RISING LIKE A SPIRE! Join Date: Jul 2002 Location: Land of The Petronas Towers Posts: 6,316	Telekom so rich mar. I also wonder how's the tallest of the 3 doing? Lasr december you saw how ar Jian? __________________ Whatever lah! *7 YEARS OF THE MALAYSIAN FORUM Since 22nd Dec, 2002* - Kuala Lumpur Sky - Penang Sky

March 3rd, 2005, 08:46 AM	#8
ZaHiRnYa??? you are you and i am me.. Join Date: Jul 2003 Location: Kuala Lumpur Posts: 5,677	extremely extremely slow.... __________________ me, me, me and more me.. he..he...

March 3rd, 2005, 09:48 AM	#9
*baqthier* RISING LIKE A SPIRE! Join Date: Jul 2002 Location: Land of The Petronas Towers Posts: 6,316	I think after Menara Telekom acquire all of them then only it will go fast now? __________________ Whatever lah! *7 YEARS OF THE MALAYSIAN FORUM Since 22nd Dec, 2002* - Kuala Lumpur Sky - Penang Sky

March 5th, 2005, 04:09 PM	#11
Pablo Jian Fa Join Date: Sep 2002 Location: George Town, JB Posts: 3,352	lolol...I believe the cygal building almost top up right.. Anyway, slow is better than none, halt.. __________________ Malaysia Truely ASIA

March 8th, 2005, 11:07 AM	#15
THT-United Gadgets + Skyscrapers... Join Date: Nov 2003 Location: Petaling Jaya in Malaysia Posts: 676	Isn't the second tallest one supposed to be a hotel? That building has quite an interesting color (blue all over!)... But have to agree that the tallest tower is being constructed very slowly... The crane on top does not even move for days on end! __________________ Fastlane2u.com The SkyscraperCity Malaysian Forums iPod touch Fans

March 8th, 2005, 11:13 AM	#16
*szehoong* MALAYSIAKU GEMILANG Join Date: Sep 2002 Location: Kuala Lumpur Posts: 8,284	Passes by those 3 half an hour ago.......got some workers installing the glass cladding on the second tower! ANyway the first tower's cladding is almost completed while the second one is like 80%. The tallest tower is still unclad __________________ The MALAYSIAN Forums

March 10th, 2005, 05:18 AM	#17
*baqthier* RISING LIKE A SPIRE! Join Date: Jul 2002 Location: Land of The Petronas Towers Posts: 6,316	Aiyoh..percepatkan lah the tallest tower! Make it residential hehe __________________ Whatever lah! *7 YEARS OF THE MALAYSIAN FORUM Since 22nd Dec, 2002* - Kuala Lumpur Sky - Penang Sky

March 10th, 2005, 05:42 AM	#18
ZaHiRnYa??? you are you and i am me.. Join Date: Jul 2003 Location: Kuala Lumpur Posts: 5,677	I dont' want to stay there, that is for sure __________________ me, me, me and more me.. he..he...

March 10th, 2005, 05:48 AM	#20
ZaHiRnYa??? you are you and i am me.. Join Date: Jul 2003 Location: Kuala Lumpur Posts: 5,677	Na....better find some other places. It is not my type of place to live __________________ me, me, me and more me.. he..he...

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