Merchant Square office building for sale

(The Sun 3-3-2008)

Menara Hap Seng latest upmarket address

(The Star 3-3-2008)

Grade A office in tight supply

ACCORDING to the Valuation and Property Services Department's third quarter 2007 (3Q07) commercial property stock report, the total existing stock of purpose-built offices in Kuala Lumpur stood at 372 properties with 65.04 million sq ft of space and an 83% occupancy rate. The report noted that with the completion of one building with 272,434 sq ft of space in 3Q, there was a further 17 properties with 8.02 million sq ft of space that were under construction. Planned supply for the quarter stood at 14 properties with about 12.36 million sq ft of space. In the Golden Triangle area that encompasses those streets nearest KLCC, there were a total of 44 properties with about 9.40 million sq ft of space and an occupancy rate of 82.1% while in the Jalan Ampang area comprising those streets neighbouring KLCC, there were 23 properties with 8.28 million sq ft of space. The occupancy rate for the area was 88.9%. One property with 106,778 sq ft was under construction in the Golden Triangle while planned supply for the area stood at two properties with a total of 692,560 sq ft. Read more

(The Star 18-2-2008)

Felda Signs Agreement To Buy More Office From TTDI

KUALA LUMPUR: Federal Land Development Authority (Felda) yesterday signed a sales and purchase agreement with TTDI Development Sdn Bhd for the purchase of a 50-storey office tower for RM640.77mil.The office tower to be called Menara Felda is the tallest of seven towers in TTDI Development?s RM3.5bil Platinum Park, in Kuala Lumpur City Centre (KLCC). Construction will start this year and is scheduled for completion in four years.

(23-1-2008 The Star)

TTDI Development Mulls More En Bloc Sales

TTDI Development Sdn Bhd, the property arm of the Naza Group, may do more en bloc sales of its development due to strong interest from Middle East and Singapore investors.TTDI is building seven iconic towers in Platinum Park, its first high-end integrated residential and commercial project on a 3.64ha site. TTDI on Monday agreed to sell a 50-storey office tower, dubbed the Felda Tower, to the Federal Land Development Authority (Felda) for RM640.7 million.

(23-1-2008 New Straits Times)

TTDI Selling Tower To Felda

KUALA LUMPUR: TTDI Development Sdn Bhd (a member of the Naza group) will sell a 50-storey office tower to the Federal Land Development Authority (Felda) for RM640.7mil. The proposed tower to be called Menara Felda is the tallest of seven iconic towers in TTDI Development’s RM3.5bil Platinum Park, a world-class high-end integrated residential and commercial development in the prestigious Kuala Lumpur City Centre (KLCC). Menara Felda will have a nett lettable area of 689,000 sq ft and a floor plate of 15,000 sq ft. It will have, among others, a large banquet hall that can seat 1,500 people at the basement level. Platinum Park, sited on a 3.68ha freehold land, is surrounded by new high-end condominiums like The Avare, Binjai, Stonor Park and Suria Stonor. Platinum Park comprises three high-end condos with a total of 287 units, three Grade A office towers and a five-star serviced apartment tower.

(21-1-2008 The Star)

Bayer Opens RM3m Office

BAYER AG said it does not foresee significant impact from the possible US recession on its Malaysian operations, and is reinforcing its commitment in the country by investing in a new office. The German company, which has been in Malaysia for over 35 years, has invested RM3 million in the new office to consolidate its various businesses under one roof. Bayer’s operations are represented by three divisions, namely Healthcare, MaterialScience and CropScience. In 2006, backed with a workforce of 200 people, Bayer group of companies in Malaysia registered over RM400 million in revenue.

(21-1-2008 New Straits Times)

AAR Moving Into New Office Complex

Applied Agricultural Resources Sdn Bhd (AAR) plans to move into a new office complex costing between RM18 bil and RM20 mil in Kota Damansara by early 2010. Occupying over 1.9 ha, the office complex will house AAR’s main office, chemistry laboratory, microbiology laboratory, soil survey section, small hall and cafeteria.

(18-1-2008 The Star)

YNH sells 50% of Menara YNH for RM920m

KUALA LUMPUR: YNH Property Bhd’s sub-subsidiary, YNH Land Sdn Bhd, is selling 50% of Menara YNH to Kuwait Finance House (Malaysia) Bhd (KFHMB) for RM920 million, YNH said yesterday. In a statement, YNH said YNH Land had accepted an offer from KFHMB to purchase the en-bloc interest of 50% of the proposed 45-storey office tower. It said the sale and purchase agreement would be formalised at a later date. Sited on a three-acre land in the Golden Triangle here, Menara YNH is a 45 storey-single iconic office tower with two wings that sit on a premier retail podium.

(16-1-2008 The Edge)

YNH in talks to sell remaining proposed tower

PENANG: YNH Property Bhd will soon be selling the other 50% of the proposed 45-storey Menara YNH at Kuala Lumpur's Jalan Sultan Ismail, group corporate services head Daniel Chan said. Another reputable overseas buyer was currently considering purchasing the balance 50% of the tower block and an announcement would be made once the sale was concluded, he told StarBiz yesterday. In an announcement to Bursa Malaysia on Tuesday, YNH said the group had accepted an offer from Kuwait Finance House (Ma) Bhd to purchase an en bloc interest equal to 50% of the proposed building comprising two wings on a luxurious retail podium for RM920mil.

(16-1-2008 The Star)

YNH sells 50pc stake in office tower

YNH Property Bhd is selling a 50 per cent stake in its commercial development to be located in the "Golden Triangle" of Kuala Lumpur to Kuwait Finance House (Malaysia) Bhd for RM920 million. YNH Property told Bursa Malaysia yesterday that the development will be a 45-storey single office tower with two wings in a premier and luxury retail platform or podium. The commercial development sits on a 1.2ha (three-acre) site along Jalan Sultan Ismail. The land is to be developed by YNH Land Sdn Bhd, a subsidiary of YNH Property.

(16-1-2008 New Straits Times)

YNH sells 50pc stake in office tower

YNH Property Bhd is selling a 50 per cent stake in its commercial development to be located in the "Golden Triangle" of Kuala Lumpur to Kuwait Finance House (Malaysia) Bhd for RM920 million. YNH Property told Bursa Malaysia yesterday that the development will be a 45-storey single office tower with two wings in a premier and luxury retail platform or podium. The commercial development sits on a 1.2ha (three-acre) site along Jalan Sultan Ismail. The land is to be developed by YNH Land Sdn Bhd, a subsidiary of YNH Property.

(16-1-2008 New Straits Times)

YNH to sell tower

PENANG: YNH Property Bhd is finalising the sale of the proposed 45-storey iconic Menara YNH at Kuala Lumpur's Jalan Sultan Ismail for RM1.5bil. Sources said investors from Australia, Singapore and a Middle-Eastern country were likely to form a consortium to purchase the building, which is scheduled for completion in 2012. Earlier this month, YNH Property announced the commencement of earthworks for the project and the allocation of RM4.2mil to relocate the water pipes and manholes at Jalan Sultan Ismail to make way for the tower project.

(15-1-2008 The Star)

YTL Land gets 90% take-up for d6 offices

KUALA LUMPUR: YTL Land & Development Bhd recorded 90% take-up for d6, the latest edition of boutique offices at Sentul West & Sentul East, in just one day during a weekend preview. The achievement mirrored the sell-out success of d7, Sentul’s first commercial project launched four months ago, YTL Land said in a statement. The 80-unit d6 boutique offices are interlinked to d7 through a sky bridge that stretches over Jalan Sentul. The RM100mil freehold d6 development features cutting-edge duplex offices, boutique offices with retail and food and beverage outlets, lush landscaping, water features and artistic sculptures in the atrium area.

(15-1-2008 The Star)

90% uptake for Sentul's d6 boutique offices

KUALA LUMPUR: YTL Land & Development Bhd’s Sentul West & Sentul East continued to captivate the market as buyers rushed to stake a claim on d6, the projects’s latest edition of boutique offices, during its preview last weekend. By the end of the first day, the project had recorded a remarkable 90% uptake, mirroring the sell-out success of d7, Sentul s first commercial project launched four months ago. The 80-unit d6 boutique offices are linked to d7 through a sky bridge that stretches over Jalan Sentul. The RM100mil freehold d6 development features cutting-edge duplex offices, boutique offices with retail and F&B outlets encased in lush landscaping, water features and artistic sculptures in the atrium area.

(14-01-2008 The Star)

YTL boutique offices enjoy brisk sales

YTL Land & Development Bhd's latest boutique offices at its Sentul West & Sentul East project in Kuala Lumpur was 90 per cent sold by the end of the first preview day last week. The d6 office units are priced from RM450 per sq ft, with sizes ranging from 1,091 sq ft to 3,758 sq ft. The RM100 million freehold d6 development features three office layouts - Sky Offices, which are duplex units with glass skylights and an internal courtyard; Garden Offices with a landscaped garden terrace; and Office Suites with its own pantry, store and a spacious interior. The office-building will be fully broadband-enabled, equipped with 24-hour state-of-the-art security systems and accompanied by retail and food and beverages outlets.

(14-1-2008 New Straits Times)

MVest Building Corporate Office In Bangsar

Oil Palm plantation group MultiVest Resources Bhd (Mvest) is to build a corporate office on a 26,694.5 sq.ft site it is acquiring from Pertubuhan Bible dan Risalah Watch Tower. The teo adjacent plots, each measuring 13,347.2 sq.ft, are located along Jalan Abdullah in Bangsar, Kuala Lumpur.

(12-01-2009 New Straits Times)

Green Packet buys new office at RM39 million

KUALA LUMPUR: Green Packet Bhd is acquiring a 12 storey purpose-built office building in Petaling Jaya for RM39 million to house its new corporate headquarters, the company said.Green Packet’s headquarters are currently located in Technology Park Malaysia, Bukit Jalil. The property is located at Section 8, Petaling Jaya and has two basement car park levels with 126,676 sq ft floor area and 100,000 sq ft of lettable area.

(3-1-2008 The Edge)