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One Malaysia
3,030 Posts
May 28, 2007 16:27 PM

Tabung Haji To Build 34-storey Building In Golden Triangle

KUALA LUMPUR, May 28 (Bernama) -- Tabung Haji is to put up a RM151 million 34-storey building in the Golden Triangle here which, when ready in three years, will have Bank Islam as its anchor tenant.

Its subsidiary, TH Technologies Sdn Bhd, will undertake the project on 0.484 ha of wakaf land along Jalan Perak off Jalan P. Ramlee which belongs to the Federal Territory Religious Affairs Council (MAIWP).

Under the build, operate and transfer (BOT) concept, Tabung Haji will manage the building for 25 years with a RM56.6 million lease payment to the Council, Tabung Haji group managing director and chief executive officer Ismee Ismail said Monday.

Prime Minister Datuk Seri Abdullah Ahmad Badawi will launch the Wakaf Land Development Project on June 8 and the building is due for completion in 2010, he told a press conference.

Besides Bank Islam, the building will also house Tabung Haji's various subsidiaries, Ismee said.

Rentals will be at market rate, in the region of RM4.90 per sq ft, he added.


One Malaysia
3,030 Posts
Discussion Starter · #2 ·
another news..

Tabung Haji to build RM150m building
By Anna Maria Samsudin
May 29 2007

LEMBAGA Tabung Haji will build a RM150 million commercial building for the Federal Territory's Islamic Religious Council (MAIWP), under a wakaf land development project.

To be developed by subsidiary TH Technologies Sdn Bhd, the project will be based on build-operate-transfer concept where Tabung Haji will return the building to MAIWP after 25 years.

Group managing director and chief executive officer Ismee Ismail said the project will be financed with internal funds. He expects between 7 and 8 per cent returns on investment by the end of the concession period.

During the 25 years, revenue from rental will go to Tabung Haji, which, in turn, will have to pay RM56 million to MAIWP.

With Bank Islam Malaysia taking up 30 floors of the 34-storey building, he was optimistic of seeing full occupancy for the building, scheduled to be completed in 2010.

"The rental of the building will be based on market rate of RM4.90 per sq ft. The rate will be revised from time to time," he told reporters after a Press conference in Kuala Lumpur, yesterday.

The property is located on 0.484ha of land in Jalan Perak, Kuala Lumpur - in the heart of the city's Golden Triangle area.

The move is seen as an initiative in response to the Government's call to develop and commercialise empty and abandoned wakaf land - land donated for religious or charitable purposes.

In addition, the synergy between Tabung Haji and MAIWP would also see Islamic funds being used for asset development in the country.

Prime Minister Datuk Seri Abdullah Ahmad Badawi is scheduled to perform the ground breaking ceremony for the project on June 8.

Meanwhile, MAIWP director Datuk Che Mat Che Ali pointed out that Federal Territory currently has RM34 million worth of wakaf land in the area.

He said the council will continue to look at ways to utilise the unused land so that it will be able to benefit the Muslim community.

"The land space of wakaf land in Federal Territory is small and not all of them can be used for commercial purposes. We will see how we can utilise the land," he added.

Celebrity Fitness
1,542 Posts
Thanks Ethaniel83 :cheers:

:: Project Description

MAIWP's wakaf land at Lot 168 & 169, Jalan Perak, Kuala Lumpur, which is part of KL Golden Triangle, close proximity to KLCC, prestigious business, easy access - main road & monorail station.

Building Data :
• Class 'A' Purpose Office Building
• 34 Storeys
• Net Floor Area ± 10,000 sf/floor

:: Client
Majlis Agama Islam Wilayah Persekutuan ("MAIWP")

:: Anchor Tenant
Bank Islam Malaysia Berhad ("BIMB")

1,837 Posts
yeah a bit look like telekom...and maybe because it looks a bit like telekom that is y it makes me feel like this building's design havent completed :D:D:D, sort of something:D
The garden design is better than putting garden on the roof. I hope more buildings in Malaysia follow this design.

I suppose the garden of the TH new buildings will also face east and west, to face the sun during the morning and sunset.

Penang Skyscrapers Hunter
10,127 Posts
like telekom being chopped in half.

design is so so to me...
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