Office For Rent - Wisma MPL, KL City Centre

Wisma MPL, Jalan Raja Chulan, KLCC

Lot Size: 1,200 sf (Approximately)

Rental: RM5,000 (Negotiable)

Complete with carpet, ceiling, light fittings,

partition and centralized air-cond unit.

Move-in condition. 

Contact: Max Yong

Cal/SMS: +60122868877

Email: klofficefinder@gmail.com

Office / Retail Lot For Rent - Berjaya Times Square

Retail / Office Lot For Rent

- Berjaya Times Square

- Lot Size: 540sf  / Rental: RM5000

- Call/SMS: +60122868877 

- Email: klofficefinder@gmail.com

Office For Rent In Petronas Twin Towers, KLCC, Jalan Ampang

Petronas Twin Towers, a famous landmark for Malaysia, having made the country more recognized on a world scale, is part of the KLCC development by KLCC Holdings. Designed by world renowned architects at Cesar Pelli and Associates, the two tower skyscraper boasts a height of 1483 feet (452 meters), and 88 floors. It has a 14,000 – 22,000 – square feet of column free space / floor.

The structure of Petronas Twin Towers has a curtain wall of glass and steel to diffuse the intense equatorial light. It engages a double-decker elevator system to accommodate the thousands of employees housed within it, with a sky lobby point situated at the 41st floor. The whole Kuala Lumpur City Center project was built on the former Selangor Turf Club.

Petronas Twin Towers has a mixed base comprising of a concert hall (the Dewan Filharmonik Petronas), a shopping complex (Suria KLCC), a skybridge that connects the two towers (on the 41st and 42ndfloor), and almost 70 acres of parks and plazas. Also included in the Kuala Lumpur City Center is the Maxis Tower, Esso Tower, KLCC park and the Mandarin Oriental hotel.

Property details

• Name: Petronas Twin Towers
• Address: Seksyen 58, KLCC, Kuala Lumpur
• Developer: KLCC Holdings
• Completion Date: 1999
• Type: Office / Skyscraper
• Tenure: Freehold
• Rental: RM12.00 psf

Facilities

• Double-decker elevator system
• Sky lobby point (at 41st floor)
• Skybridge (at 41st and 42nd floor)
• Shopping complex at base (Suria KLCC)
• KLCC park
• Dewan Filharmonik Petronas
• Mandarin Oriental hotel
• Maxis Tower
• Esso Tower

Analysis

Petronas Twin Towers is one address that everyone will know, even without knowing the actual address. Having been a famous landmark for Malaysians ever since its launch in 1999, it has become synonymous with the “Malaysia Boleh” motto. It is part of the Kuala Lumpur City Center, famous for being the city within a city.

This area is notorious for its traffic congestion and density of population, being smack dab in the middle of the city. Traffic jams occur for most of the day, owing to the fact that there are a lot of key commercial facilities within the area. Those with offices here in the country’s most famous structure have to bear with the fact that there are always 2 sides to a coin. The Good: High traffic area, prestigious address. The Bad: Horrendous traffic congestion.

Office For Rent in Plaza See Hoy Chan, Jalan Raja Chulan, KL City Centre

Office To Let - Plaza See Hoy Chan

Lot Size: 10,000sf; Rental: RM3.50 psf

Contact: Max Yong
Call/SMS: +6012 2868877
Email: klofficefinder@gmail.com

Office For Rent in The Weld, Jalan Raja Chulan, KL City Centre

Office To Let - The Weld (Menara Weld)

Lot Size: 1,195sf - 11,310sf; Rental: RM5.00 - RM5.50

Contact: Max Yong
Call/SMS: +6012 2868877
Email: klofficefinder@gmail.com

Office For Rent in UOA II, Jalan Pinang, KLCC

A 39-storey integrated retail and office building designed to blend harmoniously with UOA Centre situated in the heart of the financial district. Tenants include government associations, multinationals insurance companies and law firms.

Address : No. 21, Jalan Pinang, 50450 Kuala Lumpur

Location : Located just adjacent to UOA Centre and as such, it also enjoys the benefits of being situated in the heart of the ‘Golden Triangle’ area.

Description : A contemporary designed 39-storey retail and office building integrated with 5-levels of car parking space.

No. of Car Park Lots : 643
Lot Size: 969 - 15,000 sf.
Rental (Office Lot): RM3.50 - RM5.00 per sqft.
Retal (Retail lot): RM4.20 onwards per sq.ft.

Office For Rent in UOA Centre, Jalan Pinang, KLCC

A 33-storey modern office building situated in the heart of Kuala Lumpur’s prime business, banking and shopping district or more widely known as the ‘Golden Triangle’ area. 

It commands a view of the picturesque 50-acre KLCC Park and is opposite the Kuala Lumpur Convention Centre. Tenants of the building include financial services companies, multinational companies and trading companies.

Address : No. 19, Jalan Pinang, 50450 Kuala Lumpur

Location : Situated between Jalan Pinang and Jalan Perak, the building enjoys dual frontage on both roads. Well within walking distance to rapid rail transportation terminals and serviced by numerous bus lines that service all parts of Klang Valley.

Description : A stylish 33-storey building integrated with 6-levels of car park comprising of 2 integrated blocks which include office suites and business suites.

No. of Car Park Lots : 208
Lot Size: 969 - 15,000 sf.
Rental (Office Lot): RM3.50 - RM5.00 per sqft.
Retal (Retail lot): RM4.20 onwards per sq.ft.

Kwong Hing buys Menara Pan Global, KL City Centre

Friday, August 20, 2010


Property developer and manager Kwong Hing Group pays an estimated RM160 million for the 38-storey building in Jalan Puncak, off Jalan P. Ramlee

Property developer and manager Kwong Hing Group has bought Menara Pan Global, located within the Golden Triangle, for an estimated RM160 million from PanGlobal Bhd, sources say.

Menara Pan Global, a 38-storey building in Jalan Puncak, off Jalan P. Ramlee, houses 18 levels of office space with a total built-up of 400,000 sq ft.

The 18-year-old building also houses nine levels of hotel suites operated by Pacific Regency, while another eight levels have a total of 420 parking bays.

A source told Business Times that Kwong Hing paid a deposit for the purchase last week.

The group, whose prized assets includes Wisma Hamzah Kwong Hing in Lebuh Ampang, now has assets valued at RM600 million.

An official from Kwong Hing declined to comment when contacted.

It is understood that Kwong Hing may invest further to upgrade both the office space and suites to better compete with offices in the Golden Triangle.

The office lots are said to have 70 per cent tenancy.

Similarly, Kwong Hing will do some work on the 153-suite Pacific Regency, famous for its rooftop Luna bar, to improve its average room rate.

This purchase will see the group venturing for the first time into the hospitality sector.

A source said that the management team and the staff of Pacific Regency will be maintained where possible.

However, the name of the building could change.

It is understood that the sale forms part of PanGlobal's restructuring exercise. The company was delisted from Bursa Malaysia in July last year.

The Kwong Hing group's properties include Wisma KH in Jalan Sultan Ismail, Plaza Pengkalan in Jalan Ipoh and Wisma Fui Chui in Jalan Cheng Lok.

It also owns shopping centres along Jalan Tuanku Abdul Rahman and Jalan Petaling and Bangunan HSBC in Medan Tuanku.

By Business Times

POSTED BY KIMBERG AT 11:11 AM
LABELS: COMMERCIAL PROPERTY, KUALA LUMPUR

S'pore firm buys Wisma Goldhill, Jalan Raja Chulan, KL City Centre for US$57.4m

Saturday, June 18, 2011


Singapore-based Eagle Indo has purchased the 36-storey building from Jeddah-based Saudi Economic Development.

Kuala Lumpur: Singapore-based Eagle Indo Pte Ltd has bought Wisma Goldhill office building on Jalan Raja Chulan for an estimated US$57.4 million (RM174.5 million).

The 36-storey building was sold by Jeddah-based Saudi Economic Development Co (Sedco), 11 years after it had acquired it. Sedco had then paid RM115 million for the building.

It is understood that the acquisition was done through a locally incorporated company known as Klang Valley Projects Sdn Bhd.

The new owners are expected to refurbish the building to obtain better yields. The building is now 67 per cent occupied

Wisma Goldhill, which sits within the Golden Triangle, is located next to Menara Boustead and opposite Menara ING. According to sources, the deal for the sale was completed on Wednesday. Attempts to contact real estate adviser DTZ in Malaysia failed. DTZ, in a report from Singapore dated April 2011, said that it had "brokered" the sale between the parties.

Wisma Goldhill, completed in 1993, was developed by Singapore-based Goldhill Group. The building, with a total built-up area of 444,000 sq ft and net lettable area of 270,000 sq ft, has some 270 car park bays. Major tenants at Wisma Goldhill include Bank of America Malaysia Bhd, KAF Discounts Bhd and Thai Airways International.

Meanwhile, Sedco has other interests in Malaysia. It owns 24.58 per cent in Gefung Holdings Bhd via its affiliate Pacific Quest. Gefung is a company which processes, trades and provides contract workmanship of high-quality marble and granite slabs.

Recent commercial transactions within the Golden Triangle in the past year include the sale of Menara Pan Global to Kwong Hing Group. PanGlobal Bhd sold a building located off Jalan P Ramlee for RM160 million.

Another deal that made history, with the highest price per sq ft ever paid for a piece of land in Kuala Lumpur, was the sale of vacant land for RM7,209.80 per sq ft by Millenium & Copthorne Hotels plc.

Urusharta Cemerlang (KL) Sdn Bhd bought a total of 29,127 sq ft of the land on Jalan Bukit Bintang for RM210 million.

By Business Times

POSTED BY KIMBERG AT 10:11 AM
LABELS: OFFICE TOWER

Tradewinds to redevelop Crowne Plaze Hotel and Kompleks Antarabangsa

NST 29 June 2012

KUALA LUMPUR: Tradewinds Corp Bhd (TCB) confirmed today that it will demolish the Crowne Plaza Mutiara Hotel and Kompleks Antarabangsa in Jalan Sultan Ismail to pave the way for a RM6 billion mixed development project.

The company said it will redevelop the 2.8 hectare land on its own, and not via a joint venture as reported previously.

The project comprising grade A+ offices, serviced apartments and retail space, is scheduled to be completed in seven years.

Speaking to reporters after meeting with stakeholders here, its Chief Executive Officer Shaharul Farez Hassan said the project will be funded by bank loans and debt equity, with a ratio of 70:30.

"We are talking with a few banks now," he added. 

Crowne Plaza is a 35-storey hotel with over 500 rooms while Kompleks Antarabangsa is a 21-storey office building. 

The project once completed, will reportedly, be known as the Tradewinds Centre. The hotel will be officially closed on Jan 2, 2013, then demolished by the end of the first quarter.

On compensation to Inter Continental Hotels Group (IHG), the current operator of Crowne Plaza Mutiara Hotel, he said a negotiation will be arranged for this as IHG still have few years to manage the hotel.

"There’s a provision for all the unionised employees in the collective agreement and that is something that we will address together with them and the union. So, normally that is channel that they request us to negotiate and speak to them, collectively. So, that's what we'll do," he added.

Besides this, Shaharul Farez said Tradewinds will also demolish Mutiara Burau Bay Resort in Langkawi to be redeveloped into a new five-star resort.

He said some RM200 million will set aside for the proposed redevelopment, 100 per cent owned by Tradewinds Corp, once completed.

The cabana will be closed in the first quarter of 2013 and ready in three years. Despite the closing of these hotels, he said Tradewinds would still able to secure sufficient revenue from the hotel segment that contributed about 65 per cent to its revenue last year.

"Other hotels will be able to cushion the impact of the closing of several hotels." Tradewinds also owned Hilton Petaling Jaya hotel and Pelangi Beach & Spa Resort Langkawi as well as few other hotels and resorts in Langkawi, Johor, and Pahang. 

On Istana Hotel, he said there is a possibility for redevelopment, but not in the near-term as the Tradewinds Centre and redevelopment of Menara Tun Razak will keep the group busy for a few years. -- BERNAMA

Stable office rentals in KL City Centre

Thursday July 19, 2012

By THOMAS HUONG

huong@thestar.com.my

KUALA LUMPUR: Rental rates for purpose-built offices in Kuala Lumpur were generally stable in the last three years, except for certain suburban and city centre areas which showed an upward trend, according to the 2011 Purpose Built Office Rent Index (PBO-RI) for Federal Territory of Kuala Lumpur. 

 “Looking at the data... the market is still good,” National Property Information Centre (Napic) director Dr Zailan Mohd Isa said at a pre-launch briefing of the 2011 PBO-RI which will be launched today. 

The rent index has four regions, namely Kuala Lumpur City Centre-Golden Triangle (KLCC-GT), Centre Business District (CBD), within city centre (WCC) and suburban. 

According to the rent index, average monthly rentals for purpose-built offices in the WCC region had increased gradually from RM2.92 per sq ft in the first quarter of 2009 to RM3.46 per sq ft in the fourth quarter of 2011. This meant that average monthly office rentals in the WCC region had increased 18.5% over a three-year period. It was also noted that average monthly office rentals in the suburban region had appreciated by 13.2% over a three-year period, rising from RM3.10 per sq ft in the first quarter of 2009 to RM3.51 per sq ft in the fourth quarter of 2011. 

The suburban region includes Bangsar, Bukit Kiara, Damansara Heights, Jalan Pantai Baru, Jalan Istana and Jalan Syed Putra. “Companies may be relocating to the suburban areas,” said Zailan. Meanwhile, although the KLCC-GT region is the most sought after location in the city, average monthly office rentals were stable (a slight rise from RM4.60 per sq ft in the first quarter of 2009 to RM4.66 per sq ft in the fourth quarter of 2011).  However, the CBD region suffered a drop in average monthly office rentals, from RM3.46 per sq ft in the first quarter of 2009 to RM3.27 per sq ft in the fourth quarter of 2011. 

For the entire Kuala Lumpur region under review, average monthly office rentals had increased sightly over a three-year period, from RM3.91 per sq ft in the first quarter of 2009 to RM4.04 per sq ft in the fourth quarter of 2011. The rent index, which will be produced on a quarterly basis, is developed by Valuation and Property Services Department (JPPH), with assistance from Universiti Teknologi Mara (UiTM) and University of Malaya. Zailan said it was the first rent index of its kind in the Asean region. 

“It is based on data from actual rental agreements, and not asking rates.” The rent index defines purpose-built offices as buildings with office use of not less than 75% of net lettable area, and has compiled rental data from 6,831 tenancy leases from 167 buildings. Zailan said the rent index's aim was to provide a guide on current market rentals for investors, and a benchmark for the financial stability of the country. 

“We also want to attract multinational corporations to set up regional headquarters in Kuala Lumpur,” she said. Zailan also said the PBO-RI would be expanded eventually to cover all the major cities and towns in Selangor, followed by Penang and Johor. “Getting data is the most dificult part. We urge all property managers and owners to co-operate with us in providing data.”