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Old February 16th, 2013, 11:48 AM   #101
rizalhakim
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Check out the latest issue of The Edge page 38....another rendering for dis project....only 4-5 towers but very nice....the tallest tower probably 50-60storey....
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Old February 18th, 2013, 03:40 AM   #102
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Will PJ Sentral be as successful as KL Sentral?



Gapurna will invest RM5bil to regenerate the old township around Sect 52 of Petaling Jaya into PJ Sentral.

AS all the details of the cash and share swap deal between Malaysian Resources Corp Bhd (MRCB) and Gapurna Sdn Bhd are being digested, the focus and questions now revolve around the development of the RM11bil PJ Sentral Garden City.

Pertinently, will PJ Sentral be able to replicate the success of MRCB flagship development KL Sentral under this current cloud of office building oversupply and competition from other mega developments in the pipeline?
Under the RM729mil MRCB and Gapurna corporate exercise, the latter will inject land worth RM459mil into MRCB in return for shares and cash.
Some parcels of the land are located in the Klang Valley as well as the PJ Sentral development.

Gapurna will invest RM5.23bil to regenerate and revitalise the old township around Section 52 of Petaling Jaya into PJ Sentral. The long-term 16ha “green” project – Malaysia’s first commercial development to be fully rated Leadership in Environment & Energy Design – is estimated to have a gross development value (GDV) of RM11bil.

The first phase, with an expected GDV of between RM2.6bil and RM3bil, would see the development of 4.8ha and comprise six commercial blocks.
As MRCB is currently not too busy with the tail-end of KL Sentral development, its involvement in PJ Sentral is a shot in the arm.

According to Zerin Properties chief executive officer Previndran Singhe, the PJ Sentral, slated to be an iconic development in the city of Petaling Jaya, will not be in direct competition with other similar mega developments that are mainly located in the city centre.

“PJ Sentral is still considered a suburban development, where it would have its own attractions and merits.

More: http://biz.thestar.com.my/archives/2...arden-city.jpg
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Old February 18th, 2013, 05:32 AM   #103
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Quote:
Originally Posted by rizalhakim View Post
Check out the latest issue of The Edge page 38....another rendering for dis project....only 4-5 towers but very nice....the tallest tower probably 50-60storey....
I saw it... the tallest tower is cool... and i think is only Phase 1 - they mentioned about 2.9 billion gdv.... out of total 5+ billion.
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Old March 18th, 2013, 07:46 PM   #104
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IHH Healthcare will open a hospital at PJ Sentral. Most likely Gleneagles PJ.

Besides that, PJ Sentral is expected to host a groundbreaking ceremony in April... if not mistaken.
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Old April 25th, 2013, 04:15 AM   #105
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Nusa Gapurna plans medical centre in RM11bil PJ Sentral project
By JOHN LOH
[email protected]


KUALA LUMPUR: Nusa Gapurna Development Sdn Bhd is in talks with a few parties, including the Pantai group and KPJ Healthcare Bhd, to set up a medical facility in Phase Two of its flagship RM11bil PJ Sentral project.

Sources familiar with the matter told StarBiz that among the proposals being considered was a specialised children's hospital with KPJ and/or a medical centre with Pantai, a unit of IHH Healthcare Bhd.

The source also said Nusa Gapurna was looking at a real estate investment trust (REIT) option for the last of its six office towers, which form part of PJ Sentral's first phase.

Two towers were recently sold to Malaysia Building Society Bhd (MBSB) and the Intellectual Property Corp of Malaysia (MyIPO), while a long-term lease has been signed with Celcom Axiata Bhd for the third block.

It is understood that Nusa Gapurna is negotiating en bloc sales or long-term leases for the remaining two towers, with a target to wrap up discussions in about three months.

“Nusa Gapurna will hold on to the final tower until its merger with Malaysian Resources Corp Bhd (MRCB) is complete. The board of MRCB will decide after that whether to sell it,” the source said, adding that the building could be sold to a REIT once it yielded 7% in rental income.

Nusa Gapurna had sold offices in PJ Sentral to MBSB for RM239.2mil and MyIPO for RM250mil, creating a new benchmark price of RM850 per sq ft. Celcom will rent one of the towers on a 21-year lease for RM300mil.

MRCB had proposed in February to buy out private developer Nusa Gapurna, which is 60% owned by low-key businessman Datuk Mohamad Salim Fateh Din and 40% by the Employees Provident Fund, in a deal valued at RM729mil for shares and cash.

Under the agreement, Nusa Gapurna will receive RM111mil in cash and 398.7 million shares in MRCB at an issue price of RM1.55 each, with 113.9 million free warrants on the basis of two free warrants for every seven MRCB shares.

The merger was meant to be a shot in the arm for MRCB, whose KL Sentral transport hub is nearing completion.

If shareholders approve the acquisition at an EGM in June, MRCB would obtain four parcels of prime land in the Klang Valley worth RM459mil, including PJ Sentral, and more crucially, a boost to its potential gross development value.

The deal also puts Salim and his son, 31-year-old Imran Salim, at the helm of MRCB, which has been without a head since Datuk Mohamed Razeek Md Hussain Maricar left in August last year for DRB-Hicom Bhd.

The 16.19ha PJ Sentral will see an initial investment of RM5.2bil, with construction slated to begin in the second or third quarter of this year.

The development along the Federal Highway, touted to revive Section 52 of PJ as the city's new central business district, will feature a mix of offices, hotel, residences, retail, public parks and even a lake.
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Old May 2nd, 2013, 09:44 AM   #106
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wow the tallest is 60storey....
Fasa 1A - 27storey - MBSB Building

http://www.epbt.gov.my/osc/Proj1_Inf...ame=456812&S=S

CADANGAN PEMBANGUNAN FASA 1A MEMBINA DAN MENYIAPKAN 1 BLOK BANGUNAN PEJABAT (MENARA 3) YANG MENGANDUNGI 27 TINGKAT BANGUNAN PEJABAT,1 TINGKAT ARAS SERVIS,4 TINGKAT TEMPAT LETAK KERETA ARAS BESMEN BAWAH TANAH DAN RUANG UTILITI DIATAS LOT 12,PERSIARAN BARAT,SEKSYEN 52,BANDAR PETALING JAYA,DAERAH PETALING,SELANGOR, SEBAHAGIAN DARI PEMBANGUNAN KESELURUHAN CADANGAN MEROBOH BANGUNAN SEDIADA DAN MEMBINA 5 BLOK PEJABAT DAN 1 BLOK HOTEL 25 HINGGA 60 TINGKAT SERTA 1 TINGKAT RUANG UTILITI DAN SERVIS 4 TINGKAT TEMPAT LETAK KERETA BAWAH TANAH DI ATAS PT 11 (LOT 8) DAN LOT 12, SEKSYEN 52, BANDAR PETALING JAYA, DAERAH PETALING, SEL.D.E
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Old May 2nd, 2013, 10:11 AM   #107
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Finally the information board is up... The first tower is the one coming up on that sole piece of land next to the Quattro West Building, am I correct?

But it's just another 27-storey building, which means it will be roughly the same height as its chum under construction just opposite, i.e. the two towers of Pinnacle PJ... Although with the future tallest being 60 floors, this will be a new and iconic skyscraper not just for PJ but the whole of Selangor state as a whole!
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Old May 21st, 2013, 04:16 AM   #108
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check out the current issue of 'The Edge' for MBSB Building render....another simple boxy tower
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Old May 22nd, 2013, 12:08 PM   #109
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Project Started !!

image hosted on flickr

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Last edited by davidwsk; May 22nd, 2013 at 03:02 PM.
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Old May 22nd, 2013, 12:11 PM   #110
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image hosted on flickr


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Old May 22nd, 2013, 01:08 PM   #111
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Thx for the update. Looks pretty neat. Cant wait to see the rest
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Old May 22nd, 2013, 02:26 PM   #112
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So they follow this render... Tallest : 60 floors.


Courtesy: CK Graphic
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Old May 22nd, 2013, 02:27 PM   #113
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Quote:
Originally Posted by D_Y2k.2^ View Post
Thx for the update. Looks pretty neat. Cant wait to see the rest
I saw they are busy doing earth works on other plots ...I think on the tallest one also.
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Old May 22nd, 2013, 05:39 PM   #114
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Cool. That's neat. So are we expecting them to complete all in one phase?
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Old May 23rd, 2013, 07:43 AM   #115
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Looks like it.. Their method is quite similar to kl sentral.
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Old June 8th, 2013, 01:09 PM   #116
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Old June 9th, 2013, 05:52 AM   #117
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Most likely, I saw they are building it now.
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Old June 9th, 2013, 01:37 PM   #118
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building what. u mean it is under construction?
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Old June 9th, 2013, 02:06 PM   #119
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Quote:
Originally Posted by UjaiDidida View Post
building what. u mean it is under construction?
Yes.. Phase 1A is under construction (piling stage). Which consist of Tower 3 - which will be called Menara MBSB in the future.
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Old June 9th, 2013, 03:04 PM   #120
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- deleted

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