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Old July 22nd, 2007, 05:41 PM   #41
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UEM Group New Corporate Headquarters


29-Storey MRCB/UEM Corporate HQ
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Old July 22nd, 2007, 07:29 PM   #42
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MRCB/UEM Corporate HQ



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Old July 29th, 2007, 01:19 PM   #43
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Brickfields enjoys spillover effects
OVER the last eight years, the profile of Brickfields has slowly developed, according to international property consultant C H Williams Talhar & Wong Sdn Bhd senior executive director P’ng Soo Theng. “There has been hardly any land in Brickfields for further development and improvement the lastseveral years. The image of Brickfields was built on efforts to develop the RM8 billion integrated KL Sentral transport and commercial hub located just opposite,” P’ng said. He said Brickfields will be further enhanced when the three million sq ft of commercial properties, currently under construction at KL Sentral, is completed by 2010.

About 19 million sq ft was approved by the Government for thedevelopment of KL Sentral. So far, 4.5 million sq ft of commercial and residential projects have been completed. A further 11.5 million sq ft of land will be utilised for future developments. P'ng told Business Times that Brickfields will enjoy the spillover effects of KL Sentral, which is expected to be completed by 2016, boosting property prices further. In fact, prices of properties in Brickfields have been rising since the integrated commercial hub started in 1997, he added.

A model of the integrated KL Sentral
New model!




CIMB-Mapletree eyes RM1b for second fund
By Anna Maria Samsudin
July 28 2007




CIMB-Mapletree Management Sdn Bhd (CMM), manager of a privately-held property fund, plans to raise RM1 billion for its second fund.

CIMB-Mapletree Real Estate Fund 2 (CMREF 2) has already raised some RM200 million, CMM chief executive Raja Noorma Othman said.


It plans a road show to promote the fund to potential investors locally as well as abroad, namely in the Middle East and Europe.

"We are ready to launch the road show in two months' time. We target to complete this exercise by the first quarter of next year," she told reporters after a signing ceremony between CMM and Malaysian Resources Corp Bhd (MRCB) to build a RM400 million office tower at KL Sentral in Kuala Lumpur yesterday.

CMM is a joint-venture company between CIMB Group and Mapletree Investments Pte Ltd, a leading property company in Singapore.

Its first fund CMREF 1, which raised RM400 million, was launched in 2005, and so far, the fund has made four major commercial acquisitions, with the KL Sentral Tower being the single largest acquisition.


Based on CMM's track record, CIMB Group chief executive officer Datuk Nazir Razak said the company is optimistic of being able to raise the targeted amount for CMREF 2.

"Why we need a second round of real estate fund is largely because of the opportunity.

"We raised RM400 million in the previous fund and we have made RM1 billion investment out of that. We can leverage the fund. And with RM1 billion, we expect to be able to invest over RM3 billion," he added.

On the KL Sentral Tower project, MRCB group managing director Shahril Ridza Ridzuan said construction and development of the office tower will be undertaken by the company.

Upon completion, the building is slated to be the new corporate headquarters of the CIMB Group, he said.

The company expects construction of the office tower to begin in the fourth quarter this year with work targeted for completion in early 2011.

Shahril said MRCB currently has about RM5 billion of developments in various stages of planning and progress at KL Sentral.

"Our future projects within the development are estimated to generate over RM3 billion in gross development value, making the entire KL Sentral development the single largest commercial development of its kind in the country," he added.
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Old July 30th, 2007, 06:44 AM   #44
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MRCB to build RM400m CIMB HQ
by Ellina Badri
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KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and CIMB-Mapletree Real Estate Fund 1 (CMREF 1) will undertake the development of CIMB Group’s new corporate headquarters at a cost of over RM400 million.

In the deal, CMREF1, a real estate fund managed by CIMB-Mapletree Management Sdn Bhd (CMM), will acquire the land while MRCB will build the office tower.

The building, which will have more than 600,000 sq ft of floor area, is to be leased to CIMB group as well as third-party tenants.

At the sale and purchase agreement signing ceremony last Friday, MRCB group managing director Shahril Ridza Ridzuan said CIMB was a regional leader in the financial services industry and KL Sentral provided an ideal location for its growth requirements.

“The commitment of CMREF 1 in KL Sentral is an indication of investor confidence in the future of our development as the new financial and business hub of Kuala Lumpur,” he saud

CMM CEO Raja Noorma Othman said in a statement that the acquisition of Lot A KL Sentral represents CMREF 1’s single largest investment to date.

Construction on Lot A would commence in the fourth quarter of this year and is scheduled to be completed in 2011, the statement said.

KL Sentral is currently 35% completed, with on-going developments worth an estimated RM4 billion.
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Old August 14th, 2007, 09:56 AM   #45
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Mida pays RM148m for office tower in KL Sentral


THE Malaysian Industrial Development Authority (Mida) is buying a 30-storey office tower in KL Sentral for RM148.58 million and it will be its future headquarters.

The building, which is under construction, will be developed by Malaysian Resources Corp Bhd, which is developing the KL Sentral area in Brickfields.

The purchase will be funded by a RM160 million allocation channelled through the Ministry of International Trade and Industry (Miti) under the Ninth Malaysia Plan.

"We've been the anchor tenant at Phase 1 of Plaza Sentral since 2002 and we'll continue renting until our new headquarters is completed in mid-2009," Mida director-general Datuk R. Karunakaran said.

Construction of this 30-storey block started in December 2006.

"As the construction works progresses, we'll make the necessary payment," he said, adding that the new headquarters will have a built-up area of 283,000 sq ft.

"It is strategic for Mida to be located in KL Sentral because foreign investors landing at KLIA can just hop on the Express Rail Link and reach our office in 30 minutes," he said.

Karunakaran was speaking to reporters after representing Mida to sign the sale and purchase agreement with MRCB and Kuala Lumpur Sentral Sdn Bhd yesterday.

MRCB group managing director Datuk Shahril Ridza Ridzuan said the new MIDA headquarters would prominently anchor the frontage of KL Sentral.

"KL Sentral is fast becoming the hub for facilitating authorities with the new Companies Commission of Malaysia headquarters and new UEM headquarters coming up next to the Mida development," he said.

The 28.8ha Kuala Lumpur Sentral is an urban development made up of office buildings, a shopping mall and service apartments. So far, 8ha is developed while another 8ha is still being built and the remaining 12.8ha is reserved for future developments.

When asked whether MRCB is looking to expand its landbank, Shahril replied: "We always welcome the opportunity to acquire strategic pieces of land for urban development. We'll make announcements (on land acquisitions) as we go along," he added.
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Old August 15th, 2007, 08:46 AM   #46
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UPDATED 15 AUGUST 2007
Quote:
Originally Posted by patchay View Post
UPDATED 15 AUGUST 2007
Name / Floors / Developer / Status

KL Sentral / MRCB
- New CIMB Group Headquartes
- MRCB/UEM Headquarters / 29
- MIDA Headquartes / 30
- SSM (formerly CCM) Headquartes / 31
- MRCB-CMY Capital
- Sooka Sentral Clubhouse / 6 / Completing Soon
- MRCB-Capitaland-Quill Group Lot D / First Q2008
- Lot J and Lot G Apartments and Mall etc / Coming Soon

Recently Completed
@ KL Sentral by MRCB
- Sentral One (Lot N) / 30 / owned by Tabung Haji
- Suasana Sentral Loft (Lot L)
- Plaza Sentral 2
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Old August 18th, 2007, 06:59 AM   #47
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MRCB, Aseana to develop RM620m hotel and office towers at KL Sentral
By Surin Murugiah


KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) has teamed up with London Stock Exchange-listed Aseana Properties Ltd to develop a boutique business hotel and office towers with a sales value of RM620 million at Kuala Lumpur Sentral.

The development, with a combined floor space of over 1.15 million sq feet, will be undertaken by their joint venture company, Excellent Bonanza Sdn Bhd, which is 60% and 40% owned by MRCB and Aseana, respectively.

Excellent Bonanza yesterday signed a sale and purchase agreement with Kuala Lumpur Sentral Sdn Bhd (KLSSB), a subsidiary of MRCB, to acquire two parcels of land measuring 95,131 sq ft for RM99 million.

In a statement yesterday, MRCB group managing director Shahril Ridza said: “Today’s signing demonstrates the continuation of MRCB programme to add more facilities and commercial space to KL Sentral to meet accelerating demand that is presently generated by our successful positioning as the city’s premier business hub.”

“The business hotel in particular is a critical component in our ability to offer a wider choice for our tenants and visitors,” he said.

Aseana chairman Datuk Mohammed Azlan Hashim said the
company believed it was a sound investment as KL Sentral was fast emerging as a premier development due to its location and successful
infrastructure.

“Aseana will typically invest in development projects at the pre-construction stage and selectively invest in projects-in-construction and newly completed projects with potential for high capital appreciation, making KL Sentral an attractive investment due to its physical quality, standards and accessibility,” he said.

Aseana is now undertaking four property development projects in the Mont’Kiara area, namely i-Zen @ Kiara 1, Tiffany by i-Zen, One Mont Kiara and Seni Mont’Kiara, as well as the development of the Sandakan Harbour Square in Sabah.

Also present at the signing ceremony were KLSSB chief executive officer Chan Chee Meng and and Excellent Bonanza director Chong Chin Ann.
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Old August 18th, 2007, 01:52 PM   #48
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Elite commercial hub in the making



By JOHNNI WONG

PETALING JAYA: If the KL City Centre (KLCC) is the elite residential hub of Malaysia, then the commercial hub will be Kuala Lumpur Sentral with the who’s who of property development acquiring what’s left of the 29ha where the Hilton Kuala Lumpur and Le Meridien hotels are sited.

Thursday’s RM99mil joint-venture deal between Malaysian Resources Corp Bhd (MRCB) and Aseana Properties Ltd to buy over 95,131sq ft from Kuala Lumpur Sentral Bhd means two more office tower blocks and a hotel coming up by 2012.

MRCB and Aseana have formed a joint-venture company, called Excellent Bonanza Sdn Bhd, to develop the land with a gross development value of RM620mil and a total gross floor area of 1.146 million sq ft.

Aseana was incorporated in the Territory of British Virgin Islands on June 29 this year. Listed on the London Stock Exchange, Aseana has five independent directors, including two Malaysians – Datuk Mohammed Azlan Hashim, chairman of Proton Holdings Bhd as well as Aseana, and Datuk Ismail Shahudin, chairman of Bank Muamalat Malaysia Bhd.

Ireka Corp Bhd is linked to Aseana by virtue of its subsidiary Ireka Development Management Sdn Bhd (IDM) managing all properties of Aseana.

IDM chief financial officer Monica Lai said this project was for the long term. Market jitters over the current stock market meltdown triggered by the problems plaguing the US subprime property sector were seen as “short term”.

“Completion of this development will take at least three years and the country’s economy is fundamentally strong.

“We are pretty excited to have acquired such a prime piece of property in KL Sentral. We have a part to play in the continuing growth of the commercial property sector in this area with the development of the hotel and office towers,” she said.

“We are looking at developing a boutique hotel that is design-led. Given our expertise and experience in the hotel sector, we intend to pay a lot of attention to details for the business-class hotel, which will offer 500 rooms. We hope to complement the Hilton and Le Meridien,” Lai said.

Apparently, a local architect has been identified for the hotel project but details are being finalised with MRCB.

The approved development content for KL Sentral is for a total gross floor area of about 19 million sq ft.

According to C H Williams Talhar & Wong Sdn Bhd senior executive director P’ng Soo Theng, many parties are keen to be in KL Sentral because it is Malaysia’s first MSC Cybercentre.

“Locating here means getting financial incentives such as pioneer status with 100% exemption from taxable statutory income which is granted for five years for the first round. There is also a 100% Investment Tax Allowance,” said P’ng, who brokered the property sale and joint venture between the three parties.

Developers in KL Sentral will have a headstart over those building elsewhere because development approval has been granted.

“All the developer has to do is submit the building plans,” P’ng added.
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Old August 24th, 2007, 04:57 PM   #49
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by TWK90
Today's photo (24/8/2007)
UEM Headquarter



Sooka Sentral


Overall view
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Old August 27th, 2007, 09:44 AM   #50
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Old September 2nd, 2007, 08:21 AM   #51
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by Blue-Interface

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Old September 2nd, 2007, 03:15 PM   #52
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not very tall but really nice
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Old September 3rd, 2007, 06:21 AM   #53
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by baqthier
29-Storey MRCB/UEM Corporate HQ



Lot D

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Old September 10th, 2007, 12:00 PM   #54
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Another Mega Deal by WTW
Monday, 20 August 2007



Kuala Lumpur Sentral: RM4.6 billion worth of property development in various stages of progress.

If KLCC is the elite residential hub of Malaysia then the commercial hub will definitely be Kuala Lumpur Sentral with the who’s who of property development acquiring what’s left of the 72 acres where the Hilton Kuala Lumpur and Le Meridien hotels are sited.

Yesterday’s RM99mil joint-venture deal between Malaysian Resources Corporation Berhad (MRCB) and Aseana Properties Limited to buy over 95,131 sq ft of land from Kuala Lumpur Sentral Bhd will mean another two office tower blocks and a hotel coming up by 2012.

MRCB and Aseana has formed a joint-venture company called Excellent Bonanza Sdn Bhd to develop the land with a gross development value of RM620mil and a total gross floor area of 1,146,000 sq ft.

Aseana was incorporated in the Territory of British Virgin Islands on 29 June this year. The company, which is listed on the London Stock Exchange, has five independent directors including two Malaysians – Datuk Mohammed Azlan Hashim, chairman of Proton Holdings Bhd as well as Aseana, and Datuk Ismail Shahudin, chairman of Bank Muamalat Malaysia Bhd. Ireka Corporation Bhd is linked to Aseana by virtue of its subsidiary Ireka Development Management Sdn Bhd (IDM) managing all properties of Aseana.


500-room hotel

IDM chief financial officer Monica Lai says this property development project is for the long-term. Market jitters over the current stock market melt-down triggered by the problems plaguing the US sub-prime property sector is seen as “short-term”.

“Completion of this development will take at least three years and the country’s economy is fundamentally strong," says Lai.

“We are pretty excited to have acquired such a prime piece of property in Kuala Lumpur Sentral. We have a part to play in the continuing growth of the commercial property sector in this area with the development of the hotel and office towers.

“We are looking at developing a boutique hotel that is design-led. Given our expertise and experience in the hotel sector, we intend to pay a lot of attention to details for the business-class hotel which will offer 500 rooms. We hope to complement the Hilton and Le Meridien hotels.”

Apparently, a local architect has been identified for the hotel project but details are being finalised with MRCB.

The approved development content for Kuala Lumpur Sentral is for a total gross floor area of approximately 19 million sq ft (see details below).

Kuala Lumpur Sentral Development Update

Completed Developments

1. Sentral Station

2. Hilton Sentral & Le Meridien

3. Plaza Sentral(Offices)

By locating in Kuala Lumpur Sentral, MSC Malaysia-status companies will enjoy financial incentives such as pioneer status with 100% tax-free income for the first five years and 100% Investment Tax Allowance.

Developments Under Construction

6. Office Towers (Towers A, B C & D)

7. Sooka Sentral

8. Suasana Loft (Service Apts)

Total: 2,500,000 sq ft

Future Development

9. Two Office Towers & Business Hotel

(Subject Property) 1,146,000 sq ft

10. Retail & Service Apts 1,471,000 sq ft

11. Office Towers Lots A, B, C, D & F

Media & Technology Park 8,901,000 sq ft

Total: 11,518,000 sq ft

Grand Total: 19,018,000 sq ft

4. Suasana Sentral(Condos)


5. One Sentral (Office)

Total: 5,000,000 sq ft

First MSC Cybercentre


According to C H Williams Talhar & Wong Sdn Bhd senior executive director P’ng Soo Theng, the major factor why so many parties are keen to be in Kuala Lumpur Sentral is because it is Malaysia’s first MSC Cybercentre.

“Locating here means it offers MSC Malaysia-status companies financial incentives such as pioneer status with 100% exemption from taxable statutory income which is granted for a period of five years for the first round. There is also a 100% Investment Tax Allowance (ITA),” says P’ng who brokered the property sale and joint venture between the three parties," he explains.

Developers in Kuala Lumpur Sentral will have a head start compared to those building elsewhere because development approval has been granted.

“All the developer has to do is submit the building plans,” adds P’ng.

World class

Kuala Lumpur Sentral is planned to be a world-class working, living and leisure environment. At its very heart lies the state-of-art transportation hub interconnecting KTM Intercity, KLIA Transit, KLIA Express, the PUTRA line, KTM Komuter and the KL Monorail thus providing world class global connectivity within KL as well as the surrounding suburbs and major towns in Malaysia.

The Kuala Lumpur Sentral Masterplan features a self-contained city concept comprising corporate office towers and business suites, international 5-star hotels, luxurious condominiums & service apartments, a shopping mall and a media and technology park.

The existing completed offices comprising 2.1 million square feet is fully occupied by mainly multi-national companies, IT-based companies and service-related companies at gross rentals of up to RM5.00 per square foot per month.

RM6.50 psf

According P’ng, due to the acute shortage and strong demand, the latest tenancy has breached RM6.50 per square foot per month.

The two existing 5-star hotels – Hilton Kuala Lumpur and Le Meridien – have been achieving consistently high occupancy and room rates.

The attraction and lure of locating or relocating offices to Kuala Lumpur Sentral can be attributed to the area being a self-contained city with the state-of-art transportation hub with global and local connectivity and Kuala Lumpur Sentral is also Malaysia’s first MSC Cybercentre.

Out of the four office towers currently under construction, the space is mainly meant for owner occupation. With the current acute shortage of existing completed office developments and consistently high occupancy and rental rates for the two hotels within Kuala Lumpur Sentral, the demand for the office and hotel development will be strong, says P’ng.

Source: TheStar, 17 August 2007
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Old September 10th, 2007, 12:29 PM   #55
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Old September 12th, 2007, 07:57 AM   #56
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Old September 16th, 2007, 06:11 PM   #57
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by TanzimSaqib.

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Old September 16th, 2007, 06:30 PM   #58
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Old September 16th, 2007, 06:32 PM   #59
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Sooka Sentral
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Old September 16th, 2007, 08:43 PM   #60
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Very nice, that area continues to grow.

They need to connect Sentral to the monorail!
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