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Old September 25th, 2005, 05:31 PM   #1
jlshyang
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KUALA LUMPUR | Carigali Tower | 267m | 58 fl | Com

From Malaysian Forum Dated Jan 13 2005 by nazrey

Lot C is a mixed use development of a 54-storey tower comprising of offices, service apartments and retail outlets totalling up to 33,900 sq. ft. gross feet area. Located next to Kuala Lumpur City Centre in Kuala Lumpur, the building plan is derived from a triangulated footprint resulting from 3 overlapping circles, inspired by the geometric purity of traditional Islamic patterns.

Client Kuala Lumpur City Centre Berhad
Status Proposal 2004
by veritas



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Old September 25th, 2005, 05:33 PM   #2
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KLCCP's Lot C construction in Feb '06
By Cindy Tham, 18 Aug 2005 9:36 PM
News


Construction of KLCC Property Holdings Bhd’s (KLCCP) Lot C, a RM500 million mixed-development project in the vicinity of Petronas Twin Tower, is expected to begin in February 2006.

“We have more or less cleared the technical design issues and now we are ready to submit the application for the development order from the authority,” its chief executive officer Datuk Ishak Imam Abas said.

The 900,000 sq ft Lot C development, located next to Mandarin Oriental Hotel, is a 60-storey building comprising a six-storey retail podium, an extension of the retail space in Suria KLCC.

The project, expected to be completed in 2008, will also include a 21-storey office block in the mid-section and a 26-storey serviced apartment in the top section.

Speaking to reporters after the company's AGM In Kuala Lumpur on Aug 18, Ishak said it was looking at financing the project at either a 60:40 or 70:30 debt and equity leverage ratio.

KLCCP chief executive officer Datuk Ishak Imam Abas (right)
with KLCCP chairman Tunku Tan Sri Ahmad Tunku Yahaya

KLCCP reported a pre-tax profit of RM268.14 million for the year ended March 31, 2005. “If no adverse events were to take place from now, we would expect the prospects to be no worse off than what we achieved for (FY) 2004-2005,” Ishak said.

Asked to comment on KLCCP’s share price performance, Ishak said: “It’s very much in line with our initial projection in the sense that we had the expectation right from the very beginning for the share price to perform well above RM2, and it has done so even though initially it remained below RM2 for quite a while.”

Despite being the largest initial public offering in Bursa last year, the company made a subdued debut on Aug 18, 2004, closing at RM1.69, 11 sen lower than the RM1.80 paid by institutional investors under the listing exercise. The share price has picked up slowly since, and closed at RM2.10 on Aug 18.

He added: “From our own point of view, relative to other property companies of the similar nature as KLCCP, I think the company has performed very well.”

Going forward, the overriding factor affecting the company’s revenue prospects is the economic health of the country because the KLCCP's business was dependent on the services industry, Ishak said.

He said the company has not experienced any negative impact from the high crude oil prices or the recent bout of haze.

He said construction of the substructure of Lot C was expected to take six to seven months, while the podium should be completed in another 12 months.

“We are looking at essentially, on the conservative side, rental in the region of RM6 to RM10 per sq ft. The total retail area will be about 130,000 sq ft,” Ishak said.

He said the office space would be about 400,000 sq ft with rental projected to be comparable to that for Menara Maxis and Menara ExxonMobil.

He added that the company has begun talks with Oakwood Asia Pacific, which has been chosen to operate the serviced apartment.

On the progress of the two new hotels in the KLCC vicinity, Ishak said Traders Hotel was in an advanced stage while Impiana@KLCC Hotel was expected to be in business at the end of the year.
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Old September 25th, 2005, 10:17 PM   #3
Bahraini Spirit
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It would be very interesting if they build this and the four seasons one, should be very nice.
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Old September 25th, 2005, 10:24 PM   #4
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Nice to see more going up around Petronas to fill in the Gaps.
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Old September 25th, 2005, 10:46 PM   #5
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when construction will start
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Old September 26th, 2005, 06:34 AM   #6
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Quote:
Originally Posted by michal1982
when construction will start
February 2006
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Old September 27th, 2005, 01:01 PM   #7
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There is another thread on this as well as the 4 Seasons one you've posted
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Old September 27th, 2005, 01:26 PM   #8
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That new tower being constructed reminds me of Union Square 7 that is being planned for Hong Kong

Union Square 7
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Old September 27th, 2005, 02:01 PM   #9
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Quote:
Originally Posted by szehoong
There is another thread on this as well as the 4 Seasons one you've posted

Ooops....i didn't notice the thread probably because they've been pushed to further pages. Hope the mods will merge them. Is that possible?
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Old September 27th, 2005, 02:59 PM   #10
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How tall will it be? Looks around 300m!
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Old September 27th, 2005, 04:16 PM   #11
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Probably 280-300m
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Old September 27th, 2005, 04:35 PM   #12
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^ hehe I don't think so. It would be slightly taller than Maxis. So around 240m max
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Old September 27th, 2005, 05:26 PM   #13
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Thanks for the info, i'm really bad at estimating heights, hahaha.
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Old September 27th, 2005, 06:04 PM   #14
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cool building
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Old December 1st, 2005, 02:45 AM   #15
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union sq is more of a square shaped building and the lot C is kinda triangular if u know wat i mean
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Old December 26th, 2005, 06:44 PM   #16
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nice looking..
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Old December 26th, 2005, 11:38 PM   #17
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Why don't you put all KL developments in one thread? Posting each building that is currently under construction or planned is akin to trolling.
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Old December 26th, 2005, 11:41 PM   #18
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Looks nice!!!
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Old December 29th, 2006, 03:59 AM   #19
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Progress



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Old December 29th, 2006, 04:02 AM   #20
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Rendering of LotC

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