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

Office For Rent in Wisma Cosway, Jalan Raja Chulan, KLCC

Office To Let - Wisma Cosway
Size: 1065sf

Rental: RM3700 onwards

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma Cosway is located opposite Pavilion shopping mall and Standard Chartered Bank. The 26-storey office building comes with 4-storey of retail lots plus condominium and suites apartment that has panoramic view of the Kuala Lumpur Petronas Twin Towers. Wisma Cosway is strategically located and accessible through the Jalan Raja Chulan, Jalan Sultan Ismail, Jalan Bukit Bintang, Jalan Conlay and Jalan Tun Razak. 

Property Details

Name: Wisma Cosway

Address: Jalan Raja Chulan, 50150 Kuala Lumpur 

Completion Date: 1979 

Type: Office / Retail / Condominium 

Tenure: Freehold 

No. of Storey: 26 

No. of Bedrooms: 3 / 3+1 

No. of Bathrooms: 2 / 3 

Built-up

a. Office: 1,065 sf 

b. Condominium: 1,500 – 1,954 sf 

Maintenance Fee: RM360 

Subsale Price 

Condominium: RM750,000 onwards 

Rental 

a. Office: RM3,700 onwards 

b. Condominium: RM2,500 onwards 

Facilities 

24-hour security 

Business Centre 

3 passenger lifts 

Retail lots 

Swimming Pool 

Wading Pool 

Club House 

Basement covered parking 

Mini Market 

Restaurants and Cafeteria 

Book store 

24-hours convenience store 

Salon

Office For Rent in Wisma Lim Foo Yong, Jalan Raja Chulan, KL City Centre

Office To Let - Wisma Lim Foo Yong

Size: 1000sf - RM10,000sf

Rental: RM3.50 onwards

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma Lim Foo Yong is a 16-storey office tower wedged in between KL Lodge Hotel and Menara ING on Jalan Raja Chulan, formerly known as Weld Road. On the lower levels, there is a shopping arcade as well as a few amenities, for example various eateries, salon and a dental clinic.

The rental rate at Wisma Lim Foo Yong is within the range of RM3.00 to RM5.00 psf as it is an old building, while newly built towers can go up to RM5.50 to RM 6.50 psf. Office built-up can vary from 900 to 10,000 sf; common office area up for leasing is around 1,000 sf.

Located in the Golden Triangle, Wisma Lim Foo Yong is a stone’s throw away from the landmarks in Kuala Lumpur such as KLCC and Menara KL. It is near to Equatorial Hotel, Pavilion Mall, Istana Hotel, The Weld Shopping Centre and a few blocks of other office buildings.

On the first floor of Wisma Lim Foo Yong is the Marco Polo Restaurant which serves moderately-priced Chinese cuisine and where employees can have a break time at. Workers may also choose to walk to Jalan Alor for cheap hawker foods is barely half a kilometer away.

Wisma Lim Foo Yong is connected to the Raja Chulan Monorail station by Jalan P. Ramlee, the infamous street as a clubbing heaven, and Jalan Sultan Ismail. It is accessible via Lebuhraya Mahameru, Sprint Highway and Ampang-Kuala Lumpur Elevated Highway (AKLEH). The tower also offers monthly parking services charged at RM150 for those who travel by car.

Property Details 

Name: Wisma Lim Foo Yong
Address: No. 86, Jalan Raja Chulan, 50200 Kuala Lumpur
Developer: Lim Foo Yong Holdings
Completion Date: 1960’s
Type: Office Tower
Tenure: Leasehold
No. of Blocks: 1
No. of Storey: 16
Built-up: 900 - 10,000 sf
Rental: RM3.50 psf 

Facilities 

24-hour security 

Centralized air-conditioning system
CCTV
Covered car park
Convenience store
Banking facilities 

Analysis

Wisma Lim Foo Yong is built on the 1960’s, it is quite an ancient but well-kept tower hence the rental rate. As it is built in the Golden Triangle, rest assured that there would be great views of the city's landscape laid outside of the window.

Wisma Lim Foo Yong is conveniently situated near to Raja Chulan Monorail station, thus it is of no doubt that the rental price would be higher than other buildings of its age. Transportation is a seriously considered matter; due to higher ticket prices of the monorail trains, Wisma Lim Foo Yong might discourage low- to medium-income employees with transportation issues.

However, tenants who seek for future investment in Wisma Lim Foo Yong should not have cold feet because of the last remark. The Golden Triangle is a smart place to invest as more people will look for jobs in the city, therefore the rates would gradually elevate in the future.

Office For Rent in Menara ING, Jalan Raja Chulan, KL City Centre

Office To Let - Menara ING
Lot Size: 9,000sf

Rental: RM3.50 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara ING is freehold corporate office building situated at Jalan Raja Chulan, Kuala Lumpur. It is sited adjacent to Wisma Lim Foo Yong and Menara MIDF.

Menara ING offers a total let-table area of 194,096sf within the 20-storey tower. There is variety of office units to their tenants with different built up areas. The standard units have built-up areas of approximately 9,000 sf.

It offers facilities like 190 covered parking lots, 24 hours security,CCTV, cafeteria, broadband enabled, telco lines, passenger lifts and centralized air conditioning.

Menara ING is also situated near to banks headquarters such as Menara Affin and Menara AmBank which are within about 5 minutes walking distance. Besides that, it is also within a 10 minutes walking distance to Menara Weld that hosts a supermarket.

There are several education institutions near Menara ING such as In-house Multimedia College, Goethe Institut and Kemayan ATC, all situated within a 1.7km radius from. Tenants can head over to Changkat Bukit Bintang where many restaurants, pubs and cafes are situated to avoid the peak hour jam. It is a great place to hang out and relax after a tiring day's of work.

Menara ING is also within close proximity to shopping centers like Pavilion which is about 7 minutes walk. Pavilion offers a wide variety of amenities such as cinema, supermarket, restaurants and eateries, various retail outlets, cafes and many more.
There are also a few 5-star hotels situated nearby namely Hotel Istana and Novotel Hotel which are located around a 20 minutes drive.

Menara ING is easily accessible via Jalan Raja Chulan and for those who are taking the public transportation can head over to Monorail Raja Chulan and Monorail Bukit Bintang which is located no further than 0.8km.

Property Details

Name: Menara ING
Address: 84, Jalan Raja Chulan, 50200, Kuala Lumpur
Type: Office
Tenure: Freehold
No. of Storey: 20
Built-up: 9,000 sf
Rental: RM3.50 psf 

Facilities 

190 covered parking lots
24 hours security
CCTV
Cafeteria
Broadband enabled
Telco provider: Maxis, Time, Telekom
Centralized air conditioning
Passenger lifts

Analysis

Menara ING is situated at the bustling Kuala Lumpur's Golden Triangle. As it is situated at a prime area in the central business district of Kuala Lumpur, traffic jam is unavoidable as roads leading to and fro from the city centre will be congested during peak hours.

Tower REIT has acquired 151,395 sf and also all the 190 parking lots which is equivalent to 78.3% of the total share unit entitlement of the building. The total area is 100% leased out to INGInsurance. Tower REIT is an associated company of GuocoLand Malaysia (a member of the Hong Leong Group) with 20% interest in Tower REIT.

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

Office To Ley - Menara Weld (The Weld)
Lot Size: 1,000 - 5,000sf

Rental: RM5.00 - RM6.00 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara Weld (also known as The Weld) is a mixed property that consists of a commercial office tower that stands 26 storeys high. 6 of its lower floors are retail and F&B outlets. Located at the intersection of Jalan P Ramlee and Jalan Raja Chulan, it is one of the first few buildings one will notice, as one passes along Jalan Raja Chulan. Other prominent office towers like Menara Affin, Wisma MPL surround Menara Weld. Petrol Stations, hotels, banks and other amenities complete this are situated within the Golden Triangle of KL.

The Weld, as the retail wing is fondly known, was the first full-fledged supermarket in the 1960’s. The bottom 6 floors serve as retail outlets to 35 specialty stores that includes telco companies, pharmacies, fashion outlets, and popular lifestyle cafes like Starbucks and Secret Recipe. The Weld, together with Menara Weld was acquired by Great Eastern Life in 2003 for RM 150 million.

Full control of Menara Weld was only handed over to Great Eastern Life in 2004. Johnson Controls (M) was hired to manage and maintain the building facilities looking after all mechanical and electrical supplies, equipment, janitorial, energy and building automation planning.

Menara Weld has a total letable area of over 135,000 sq ft. There are 450 parking bays that fill the 3 basement levels of the building and 10 passenger lifts to service the all floors.

Property Details

• Name: Menara Weld (also known as The Weld)
• Address: 76, Jalan Raja Chulan, 50200 Kuala Lumpur
• Type: Mixed Property (Office Tower & Retail)
• Tenure: Freehold
• Completion Date: 1960’s
• No. of Storey: 26
• Built-up: 1,000 - 5,000 sf (10,000 sf per floor)
• Total Lettable Area: Over 135,000 sf
• Rental: RM5.00 – RM6.00 psf

Facilities

• 10 passenger lifts
• 2 car park lifts
• 24 hours security
• Centralized air-conditioning system
• 3 levels basement car park (450 parking bays)
• Cafe, restaurants and other F&B outlet
• Shopping mall
• Fire protection system
• Stand-by generator

Analysis

Menara Weld is indeed a cozy business and shopping facility all in one roof. A bustling presence 7 days a week, it is within walking distance to the Raja Chulan Monorail station, and slightly further away, Bukit Nanas Monorail and Dang Wangi LRT Station. Every cab company will know this landmark that is bypassed on its route towards the KLCC or even Bukit Bintang area.

The recent refurbishment and facelift given to Menara Weld in 2006 was a breath of fresh air to the surroundings and much needed upgrade, being a matured building. Rental per sq. ft is compatible to its neighboring office towers. Owned by Great Eastern Life Assurance (M), Menara Weld continues to be a steady force in the KL commercial property.

Office For Rent in Wisma Goldhill, Jalan Raja Chulan, KL City Centre

Office To Let - Wisma Goldhill
Size: 9,600sf onwards

Rental: RM4.50 - RM5.00

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma Goldhill is a commercial office building nestled along Jalan Raja Chulan. It is located nearby Lorong Ceylon, Jalan Nagasari, Jalan Mesui and Jalan Tengah. Buildings nearby are Wisma Lim Foo Yong, Menara ING, Menara Aetna Universal, Menara Boustead and One Residency. 

Wisma Goldhill is surrounded by plenty of commercial buildings, high-end condominiums and amenities. Among residential, hotel, service apartment, inn located nearby are Lodge Hotel, Istana Hotel, Mutiara KL, Equatorial KL, Crowne Plaza Mutiara Hotel Kuala Lumpur, Park Inn Hotel, Fortuna Hotel and Novotel Hydro Majestic.Wisma Goldhill is also a stone’s away from institutions of higher education such as Olympia College KL Campus, SJI KL and Rima College. There are some primary schools and secondary schools nearby such asSJKC Nan Kai, SMK Convent Bukit Nenas, SJKC Lai Ming, SMK St John and SJKC Jalan Imbi.

Wisma Goldhill is easily accessible via Jalan Sultan Ismail and Jalan Ampang. The road is accessible from Ampang Elevated Highway. Alternatively, one can reach the vicinity via KL Monorail, Star LRTand Bus.

Property Details
Name: Wisma Goldhill
Address: Jalan Raja Chulan, 50200 Kuala Lumpur
Type: Corporate Office Building
No. of Storey: 36
Built-up: From 9,600 sf
Rental: RM4.50 – RM5.00 psf

Facilities
Independent air-conditioning temperature control for each zone
Column free office layout
Floor trunking
9 feet ceiling height
24 hrs security system with CCTV
F&B outlets
1 VIP lift & lobby, 9 passenger lifts with 2 lift serving the basement car park
Telcos provider – Telekom, Time & VSDL Broadband
Total 252 covered car park bays

AnalysisWisma Goldhill is just within 1 kilometer away from Emporium and 12 Si. Where one can shop at Bukit Mas Furniture, BB Plaza, KL Plaza, Lot 10, The Pavilion and Star Hill.

Interest attractions which located nearby are Times Square Theme Park, Cultural Craft Complex, Market Square, shophouses along Jalan Hang Kasturi, National Historical Muzium, Tunku Abdul Rahman Memorial, Butterfly Park and Islamic Arts Museum.

Eating places which located nearby are Eden Village, Hakka Restaurant, Planet Hollywood, Nouvo, Grand Modesto’s, Seri Melayu Restaurant, Bon Ton Restaurant and Hard-rock Cafe.

Wisma Goldhill is a popular commercial and financial area of KL city. A variety of sizes office space are available for rental, within walking distance to Jalan Raja Chulan Monorial station, public transportation with excellent amenities.

Office For Rent in Wisma MPL, Jalan Raja Chulan

Office To Let - Wisma MPL

Lot Size: 300 - 14,000 sf

Rental: from RM3.80 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Wisma MPL is a commercial office building nestled along Jalan Raja Chulan. It is also on the the same row as Wisma Boustead, Plaza See Hoy Chan, Wisma Goldhill, and Menara Weld. The office building is just a stone’s throw away Raja Chulan Monorial station.

Located within the central business district, Wisma MPL is surrounded by plenty of commercial buildings, high-end condominiums and amenities. Among residential located nearby are Seri Bukit Ceylon, One Residency, 38 Bidara, and soon to be built St Mary Residences.

Wisma MPL is easily accessible via Jalan Sultan Ismail and Jalan Ampang. The road is accessible from Ampang Elevated Highway. Alternatively, one can reach the vicinity via Raja Chulan Monorial station, or Bukit Bintang Monorail station.

Property Details
Name: Wisma MPL
Address: Jalan Raja Chulan, Kuala Lumpur
Type: Office
No. of Blocks: 1
Land Area: 8,000 sq m
Built-up: 1,600 – 9,000 sf
Rental: RM6.00 psf

Facilities
Covered car park
24-hour security
Internet broadband

Analysis
Wisma MPL is just within 1 kilometer away from Bukit Bintang shopping district, where one can shop at Sungai Wang Plaza, Pavilion, Starhill Galery, and Lot 10. There are also several 5-star hotels nearby, such as Hotel Istana, Equatorial Hotel and Crown Plaza Mutiara.

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

Plaza See Hoy Chan is a commercial office building nestled along Jalan Raja Chulan. It is located nearby Changkat Raja Chulan, Jalan P Ramlee and Jalan Bukit Ceylon. Buildings nearby are Maple Lee Tower, Antara Tower and KWSP.

Plaza See Hoy Chan is surrounded by plenty of commercial buildings, high-end condominiums and amenities. Among residential, hotel, service apartment, inn located nearby are Maple Suite, Pacific Regency,UBN Apartments, Shangri-La Hotel, Park Inn Hotel, Lodge Hotel, Alison Genesis Hotel and Cabana Inn KL.

Plaza See Hoy Chan is also a stone’s away from institutions of higher education such as Olympia College KL Campus, SJI KL and Rima College. There are some primary schools and secondary schools nearby such as SJKC Nan Kai, SMK Convent Bukit Nenas, SMK St John, SJK St John and St Johns Primary School.

Plaza See Hoy Chan is easily accessible via Jalan Sultan Ismail and Jalan Ampang. The road is accessible from Ampang Elevated Highway. Alternatively, one can reach the vicinity via KL Monorail, Star LRT and Bus.

Property Details

Name: Plaza See Hoy Chan
Address: Jalan Raja Chulan, 50200 Kuala Lumpur
Type: Corporate Office Building
Built-up: From 10,000 sf
Rental: RM3.50 psf
Facilities
Covered parking
24 hr security

Analysis

Plaza See Hoy Chan is just within 1 kilometer away from shophouses along Jalan Tun HS Lee, Emporium, 12 Si and Plaza Rakyat. Where one can shop at BB Plaza, Lot 10, Sinar Kota and Low Yat Plaza.

Interest attractions which located nearby are Market Square, Times Square Theme Park, shophouses along Jalan Hang Kasturi, National Historical Muzium, Cultural Craft Complex, Tunku Abdul Rahman Memorial, Butterfly Park and Islamic Arts Museum.

Eating places which located nearby are Nouvo, Hard-rock Cafe, Grand Modesto’s, Eden Village, Hakka Restaurant, Planet Hollywood, Nando’s and Coliseum Cafe.

The location is ideal for corporate office tenants as it is located at golden triangle area, within walking distance to major financial hubs, with cafe and restaurants, public transport and various amenities.

Office For Rent in Menara Aik Hua, Jalan Raja Chulan, KL City Centre

Office To Let - Menara Aik Hua

Built-up: From 1,200 sf 

Rental: RM3.80 - RM4.20 psf 

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara Aik Hua is an established and old corporate tower sited along the bustling Jalan Raja Chulan. The building can easily be spotted in between Plaza See Hoy Chan and MCB Plaza, and near to Menara AmBank, Wisma MPL and Seri Bukit Ceylon.

Completed in the 1990s, Menara Aik Hua is wholly owned by Aik Hua Holdings, an investment company initiated and controlled by MCA. This single 22-storey tower hosts lifts, indoor car park, broadband and 24-hour security.

Sited at the edge of Bukit Ceylon, Menara Aik Hua is neighboring several amenities and facilities. In just a 6-minute walk, one can reach rows of chic restaurants and hip bars along Jalan Ceylon such as Havana, Ciccio Ristorante, Ceylon bar, Twenty One kitchen and bar, Pinchos Tapas bar and The Social to name a few. It is also mere minutes to the famous street eateries along Jalan Alor.

Moreover, Menara Aik Hua is approximately 15 minutes walking to Bukit Bintang shopping district that hosts Bukit Bintang Plaza, Sungei Wang Plaza, Lot 10, Pavilion and Fahrenheit 88.

In terms of accessibility, Menara Aik Hua is accessible via Jalan Raja Chulan and Jalan Ceylon. It is within close proximity to Jalan P Ramlee and Jalan Sultan Ismail. If you prefer to use public transport, it is approximately 10 minutes walking to Raja Chulan Monorail Station.

Property Details 

Name: Menara Aik Hua
Address: Jalan Changkat Raja Chulan, 50200 Kuala Lumpur
Developer: Aik Hua Holdings
Completion Date: 1990s
Type: Corporate Office
Tenure: Freehold
No. of Blocks: 1
No. of Storey: 22
Built-up: From 1,200 sf
Rental: RM3.80 - RM4.20 psf 

Facilities 

24-hour security
Cafeteria
Broadband
Telcos facilities
Basement car park 

Analysis

Menara Aik Hua commands the great view of the surrounding greenery of Bukit Nanas Forest Reserve and remaining green pocket of Bukit Ceylon, and unobstructed view of Menara KL which is located just a stone’s throw away from the tower.

As usual, high parking fee is a normal issue for the employees working in the centre of Kuala Lumpur. If you do not mind leaving your car in hot sun and rain, there are 2 open car parks next to Plaza MCB and also opposite Menara Aik Hua which charge about RM5 for a whole day parking.

The rental rate of Menara Aik Hua is quite high considering that it is a very old building. However, you may not find anything lower than this rate in the city centre area but you can definitely opt for newer office towers with the same budget.

Office For Rent in MCB Plaza, Jalan Raja Chulan, KL City Centre

Office To Let - Plaza MCB

Built-up: From 500 sf up 

Rental: RM3.00 - RM3.80 psf 

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Plaza MCB is an office building situated right in Kuala Lumpur’s Golden Triangle along Changkat Raja Chulan. Among its neighbors are other prominent office buildings like PMI Tower, Plaza See Hoy Chan,Menara Aik Hua, Wisma MPL, and residential condominiums like Seri Bukit Ceylon, Downtown Condominium and Seri Raja Chulan.

Accessibility wise, Plaza MCB is connected to major roads like Jalan Raja Chulan, Jalan Ampang and the Ampang-Kuala Lumpur Elevated Highway (AKLEH). Public transport is easily available as there are Raja Chulan monorail station, LRT station, bus and taxi stands in its’ vicinity.

MCB Plaza has excellent amenities nearby such as major banks, 5-star hotels and F&B outlets like the Changkat Bukit Bintang Bar & Restaurant Strip. There are also lots of shopping malls (The Weld, Bukit Bintang Plaza, Fahrenheit 88, Lot 10, Sungei Wang Plaza) and tourist attraction (The KL Tower), all within walking distance.

Property Details 

Name: Plaza MCB
Address: No.6, Jalan Changkat Raja Chulan 50200 Kuala Lumpur
Type: Commercial
Tenure: Freehold
No. of Blocks: 1
No. of Storey: 19
Built-up: From 500 sf up
Rental: RM3.00 - RM3.80 psf 

Facilities 

24-hour CCTV security
3 high speed lifts
Fibre optic telecommunication
Basement car parks
Raja Chulan monorail
Cafeteria in building 

Analysis

Plaza MCB is situated in the middle of the financial hub with many financial institutions and even the Bursa Malaysia being nearby. Considering its location, the office tower is among the better value-for-money office building in this area. With excellent amenities and easy accessibility, this low-rise office building is able to offer the enviable convenience to the tenants.

Office For Rent in Menara Olympia, Jalan Raja Chulan, KL City Centre

Menara Olympia is a commercial office building nestled along Jalan Raja Chulan. It is nearby Menara Maybank, Plaza Raja Chulan, Telekom Malaysia Bukit Mahkamah, KLSE, St John’s Cathedral, Bangunan Yee Seng and Hutan Simpan Bukit Nanas. The office building is just a stone’s throw away St Andrews Presbyterian Church.

Located at Number 8, Jalan Raja Chulan, 50200 Kuala Lumpur, Menara Olympia is surrounded by plenty of commercial buildings, high-end condominiums and amenities. Among residential located nearby are Raja Chulan Residence, Verticas Residensi and City Garden Condominium.

Menara Olympia is also a stone’s away from institutions of higher education such as Olympia College KL Campus, SJI KL, SEGi College KL and Rima College. There are some primary schools and secondary schools nearby such as SMK St John, SJK St John, SMK Convent Bukit Nenas and St Johns Primary School.

Menara Olympia is easily accessible via Jalan Sultan Ismail and Jalan Ampang. The road is accessible from Ampang Elevated Highway. Alternatively, one can reach the vicinity via Masjid Jamek LRT-Station or Pudu Bus Station. It is near to the Puduraya bus terminal and is serviced by few bus lines.

Property Details

Name: Menara Olympia
Address: No. 8, Jalan Raja Chulan, 50200 Kuala Lumpur
Type: Corporate Office Building
No. of Blocks: 1
No. of Storey: 34
Built-up: From 24,000 sf
Rental: RM4.00 – RM6.00 psf
Facilities
Basement car park
Cleaning
Centralize air condition
Security
CCTV

Analysis

Menara Olympia is just within 1 kilometer away from Jalan Tun HS Lee shopping district, where one can shop at Sinar Kota, Kotaraya, Plaza Rakyat, Mydin Wholesale Emporium, Central Market, Petaling Street Bazaar and Cityone Plaza. There are also several hotels nearby, such as D’View Inn Hotel, Puduraya Hotel, Katari Hotel, Ancasa Hotel, Maple Suite, Champagne Hotel and Dragon Inn.

Interest attractions which located nearby are Market Square, National Historical Muzium, Butterfly Park, Tunku Abdul Rahman Memorial, Islamic Arts Museum, Times Square Theme Park and Civil Service Museum.

Eating places which located nearby are Nando’s, Restoran Sin Seng Nam, Coliseum Cafe, Hard-rock Cafe, Nouvo, Grand Modesto’s, Planet Hollywood and Eden Village.

The location is ideal for corporate office tenants as it is within walking distance to major financial institutions such as Standard Chartered and HSBC. Existing tenants include the advertising firm Leo Burnett, HP, CIMB, JW Marriott call centre and Fujitsu customer service centre.

Office For Rent in Kompleks Antarabangsa, Jalan Sultan Ismail

Kompleks Antarabangsa is an old 21-storey office building located within the heart of the financial district along Jalan Sultan Ismail in Kuala Lumpur. It is sandwiched in between Crowne Plaza Hotel and Kenanga International.

Kompleks Antarabangsa offers office units with built-up area of approximately 3,000 sf. The facilities provided are 24 hours patrol guards, CCTV security, fire fighting system with sprinkler, 500 parking bays, cafeteria, portable fire extinguisher, centralized air conditioning system, 4 tower lifts, 2 podium lifts and telcos services.

In terms of amenities, tenants of Kompleks Antarabangsa can head over to Suria KLCC which is about 10 minutes walking distance. SuriaKLCC is one of Malaysia’s most well known shopping centre where they can find various amenities such as restaurants, retail outlets, entertainments such as cinemas, parks and much more.

Alternatively, tenants can also go to Pavilion which is about 11 minutes walking distance away from Kompleks Antarabangsa where one can find many amenities that a shopping centre offers such as a wide variety of food, stores and also banking facilities such as ATMs.

Kompleks Antarabangsa is accessible via Jalan Sultan Ismail, Jalan Raja Chulan and major highways such as SMART Highway. There are also KLCC RapidKL LRT Station and Raja Chulan Monorail Station situated within mere minutes walk for those who prefer to travel via public transportation.

Property Details

• Name: Kompleks Antarabangsa
• Address: Jalan Sultan Ismail, 50450, Kuala Lumpur
• Type: Corporate Office
• Tenure: Freehold
• No. of Storey: 21
• Built-up: 3,000 sf
• Rental: From RM4.30 psf

Facilities

• 24 hours patrol guards
• CCTV security
• Fire fighting system with sprinkler
• 500 parking bays
• Cafeteria
• Telcos provider include Telekom, Maxis, TMnet, Streamyx, Time and Celcom
• Portable fire extinguisher
• Centralized air conditioning system
• 4 tower lifts
• 2 podium lifts

Analysis

Plans to demolish the Crowne Plaza Mutiara Hotel and Kompleks Antarabangsa are currently under discussion, to make way for a multi-billion-ringgit mixed commercial development. Tradewinds Corp Bhd (TCB) is currently in talks with several local and foreign investors with hopes that they will help to finance this project. Chairman Tan Sri Megat Najmuddin Khas told Business Times that they are talking to potential developers both local and foreigners.

He also hoped that TCB will be the major stakeholder in this joint venture. TCB has also obtained the development order to go ahead and come out with the detailed pans for the development. There are plans to build an office, retail and residential component to provide the group with recurring income. Net book value for Kompleks Antarabangsa as of December 2009 is RM159.83 million.

Office For Rent in Kenanga International, Jalan Sultan Ismail

Kenanga International is a 22-storey office tower strategically situated within Kuala Lumpur Golden Triangle along Jalan Sultan Ismail. The tower is located near to Wisma UOA I, Wisma UOA II, Menara Dion, Bangunan MAS and Menara Bank Islam.

Kenanga International was developed by K & N Kenanga Holdings and sold to Injaz AsiaEquity in year 2007 for RM165 million and then was later acquired by Permodalan Nasional Berhad (PNB) in year 2009 for an estimated RM250 million. Kenanga International has a 3.5 storey annexed podium block connected to the 22-storey building.

Offices at Kenanga International have built-up area of approximately 8,000 sf. There are wide range of facilities provided like a spacious lobby area for tenants, staffs and visitors to rest and relax; an information counter; a food and beverage area; and a total of 650 parking lots whereby P1, P2 and P3 are open to tenants and visitors on weekdays and P4, P5 and P6 are reserved lots.

Kenanga International provides a male and female surau on level 5 which is also open for the public. There is a squash court located on the mezzanine floor. There is an abundance of amenities nearby. It is situated near major shopping centers in the Bukit Bintang area like Pavilion, Lot 10, Fahrenheit 88, Suria KLCC and many more which offer plenty of restaurants and eateries, banks, retail outlets, supermarkets, cinemas and much more.

There are also several hotels situated near to Kenanga International such as Equitorial Hotel, Mutiara Hotel, Istana Hotel and Crowne Plaza. It is easily accessible via Jalan Sultan Ismail which is connected to Jalan P Ramlee, Jalan Ampang and Jalan Raja Chulan. And the best way to commute is via monorail, as Raja Chulan Monorail Station is located just 100m away.

Property Details

• Name: Kenanga International
• Address: Jalan Sultan Ismail, 50540, Kuala Lumpur
• Developer: K & N Kenanga Holdings
• Type: Corporate Office
• No. of Block: 1
• No. of Storey: 22
• Built-up: From 8,000 sf
• Rental: RM52,000

Facilities

• Spacious lobby area
• Information counter
• Food and beverage area
• Car park
• Male and female surau
• Squash courts

Analysis

Kenanga International is strategically located within the golden triangle and thus crowd is ensured around the area. As the building has recently refurbished with the facilities upgraded, the value of the offices is expected to rise.

According to Global Security Mag, Kenanga International has been equipped with a state of the art access control system which is more effective. The integrated system built for the building features 6 lanes for tenants and visitors, 1 lane for disabled access and also electronic access control and visitor management system.

Office For Rent in Bangunan MAS, Jalan Sultan Ismail

Permodalan Nasional Bhd (PNB) bought over Bangunan MAS in 2006 for RM130 million. This iconic building was completed in 1987 and has been a landmark along Jalan Sultan Ismail in Kuala Lumpur for many years.

The former MAS headquarters was 35 storeys tall and its major tenants were Syarikat Perumahan Negara and Jabatan Kebudayaan and Kesenian, and also Holiday Villages of Malaysia Sdn Bhd (which manages Club Med Malaysia).

Plans are underway to upgrade the original building into a Grade A++ office building and a new five or six-star luxury hotel alongside it. The combined worth for this project is estimated at RM1 billion (or more).

Bangunan MAS is located on the same row as Menara Promet and just 2 minutes walk away from the Raja Chulan Monorail Station. Across the road are Kenanga International, Equatorial Hotel, Kompleks Antarabangsa and Crowne Plaza Mutiara. The area is filled with many amenities, like banks, restaurants, hotels, retail outlets. Just 5 minutes drive away is the Petronas twin towers, shopping mall and the KL Convention Centre.

Property Details

• Name: Bangunan MAS
• Address: Jalan Sultan Ismail, 50250 Kuala Lumpur
• Completion Date: 1987 (original)
• Tenure: Freehold
• Type: Mixed development
• No. of Storey: 35 floors (original); 68 floors (under construction)
• Rental: from RM5.00psf

Facilities

• Basement carpark
• Cleaning services
• Centralized air-conditioning
• 24hrs security
• CCTV monitoring

Analysis

Full details of the refurbishment and upgrading work of Bangunan MAS have not been disclosed as approval from the relevant authorities has yet to be established. PNB being an asset management company is certain to garner much return and not to mention publicity in anticipation of the new-and-improved Bangunan MAS and luxury hotel.

With location being key, the building site is in a strategic location. Jalan Sultan Ismail being a main thoroughfare in KL is the address for luxury hotels, office towers and corporations. Being so close to the KLCC area is also a plus point. Other major roads that connect to Jalan Sultan Ismail are, Jalan Raja Chulan, Jalan P. Ramlee, Jalan Ampang and also links to the Ampang Elevated Highway.

Another project by the same corporation received a lot of attention and controversy. In the last quarter of December 2010, the Prime Minister revealed plans to build a 100-storey tower or Warisan Merdeka via PNB set to be completed in 2015. Aimed at being the new headquarters for PNB (utilizing 50 floors), the tower was proposed to create investment opportunities for the public and even international.

Office For Rent in Menara Dion, Jalan Sultan Ismail, KL City Centre

Menara Dion is a 37-storey office building that nestled along the golden mile of Jalan Sultan Ismail at Kuala Lumpur City Center. It has an outstanding facade and excellent mix of tenants which comprising Tokio Marine, JP Morgan, Rolex, UK Land & Investment, BNP Paribas, Bank and Macquari creating high population within the building..

Menara Dion was completed in 1997 as one of the Grade A office buildings in Kuala Lumpur. It neighbors with other high-rise buildings such as Bangunan Mas, Menara KH, Wisma Lim Foo Yong, Pernas International, Equatorial KL, Crowne Plaza Mutiara Hotel KL, and Kenanga Investment Bank.

Other than that, there are plenty of amenities near Menara Dion that are easily accessible, namely major banks, shopping centers, hotels, local and foreign restaurants, transit, bus and taxi stands creating convenience for the tenants.

The available office space in Menara Dion is ranging from 500 sf to 100,000 sf, and they are priced from RM2 psf to RM12 psf. Apart from that, the building provides some basic facilities including 562 parking bays, 24-hour security system with CCTV cameras on every office floor, broadband internet, spacious and landscaped front plaza and so on.

Property Details

• Name: Menara Dion
• Address: Jalan Sultan Ismail, 50250 Kuala Lumpur
• Completion Date: 1997
• Type: Office
• No. of Storey: 37
• Built-up: 500 – 100,000 sf
• Rental: From RM2.00 – RM12.00 psf

Facilities

• 562 parking bays
• 24-hour security system with CCTV cameras on every office floor
• Broadband internet
• Spacious and landscaped front plaza

Analysis

Menara Dion has an excellent location where Monorail Raja Chulan, taxi stands, bus stands and plenty of amenities are just surrounding. It is also can be accessible via some major roads namelyJalan Raja Chulan, Jalan P Ramlee, Jalan Sultan Ismail, Jalan Bukit Bintang, Jalan Perak, Jalan Pinang and Jalan Kia Peng. Besides, it has an established tenants and good technical infrastructure and quality of facilities management that making it more attractive.

Office For Rent in Menara Haw Par, Jalan Sultan Ismail, KL City Centre

Menara Haw Par in Jalan Sultan Ismail is a 31-storey commercial office block being refurbished in 2002. This commercial building is freehold having a total area of 184,000 square feet for rent.

Located in the golden triangle of Kuala Lumpur, Menara Haw Par is strategically situated along the road of Jalan Sultan Ismail, right opposite Hard Rock Cafe and Concorde hotel and next to Shangri La hotel. Besides, it is also surrounded by office buildings such as Menara Prudential, Menara Hap Seng, and UBN Tower.

While Menara Haw Par provides ample car parks for the tenants, public transportation can also be easily accessed. Apart from taxi, there is bus service along Jalan Sultan Ismail. Moreover, it takes only 2-min to walk to the nearby Bukit Nanas Monorail. This provides convenience to those who want to avoid traffic jam and long distance driving.

Menara Haw Par is now occupied mainly by Boston Web group of Companies, the Asian leading IT training provider. It is equipped with central air-conditioners with four different types of sizes starting from 1,200 square feet.

Property Details

• Name: Menara Haw Par
• Address: Jalan Sultan Ismail, 50250, Kuala Lumpur
• Completion Date: 1985
• Refurbished Date: 2002
• Type: Office
• Tenure: Freehold
• No of Blocks: 1
• No of Storey: 31
• Net Lettable Area: 184,000 sf
• Rental: RM3.70 psf

Layouts

• 1,200 sf
• 1,400 sf
• 3,067 sf
• 3,100 sf

Facilities

• 120 indoor parking bays
• Broadband enabled using Maxis, Time, Digi & Telekom
• 24-hour security with CCTV
• Business centers and cafeteria inside building
• 6 passenger lifts
• 1 service lift
• 1 car park lift

Analysis

With the prime location along Jalan Sultan Ismail, the financial district and one of the busiest streets inside KL, Menara Haw Par’s asking rental of approximately RM3.70 psf can be said to be on the low side when compared to other office’s rentals nearby. It is even lower when compared to the office rental in KL Sentral, which is already out of the golden triangle but still demands RM6.00 psf for those having 1,900 sf.

Although Menara Haw Par is a bit old, having been over twenty years, but it was fully refurbished in 2002. Of course one cannot expect much of the latest modern building structure and style as compared to those newly built ones, but this office block does come with good practical amenities.

The whole building of Menara Haw Par is broadband-enabled with quite a number of service providers for selection. This is particular suitable for those IT companies or those firms needing to rely on using Internet for business communications. The presence of the Boston Web group of companies probably is a good guarantee of the broadband quality in this building.

The indoor covered car parks at Menara Haw Par save the headache to worry about parking in this busy district. With the 24-hour CCTV security system, it offers people peace of mind when working there.

However, traffic can be an issue for tenants working in Menara Haw Par. Being along the busiest street, traffic jam during heavy rain, Friday night and off office hours is unavoidable. It can easily cause few hours of congestion during peak time. Being just opposite to Hard Rock Café, there is at least a place to go in case of getting stuck in the jam. The easy access to the nearby monorail also offers a solution. In addition, bus service is also available along the road.