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 Megan Avenue 2, KLCC

Megan Avenue 2 is a freehold commercial office building that is located in Jalan Yap Kwan Seng, Kuala Lumpur. In total there is up to twenty five floors and three blocks that are adjoined together into one building.

There are four types of shops and offices available at Megan Avenue 2 ranging from over 1,200 square feet to 6,000 square feet. There are few lots available for rental as well which could price from RM500 per square feet to over RM800 per square feet.

A few available facilities at Megan Avenue 2 like salon, cafeteria, market place and even excellent security service and covered parking. There is even a club house available for all tenants of the building.

Megan Avenue 2 is located close to KLCC and Mandarin Oriental Hotel. IJN is also located close to the area. The building can be found exactly along the Kuala Lumpur-Ampang Expressway and one of the biggest and popular landmarks close to Megan Avenue 2 is the AmBank Tower. It is situated around 15 - 20 minutes of walking distance.

Megan Avenue 2 can also attract higher education students, as it is located close a few universities and colleges such as International Business School and SAL College. There are also strategic primary and secondary schools available near the area. Another advantage is the variety of cafe and restaurants available near the area from local to international cuisines. Public transportation is also available around the area such as RapidKL bus and taxi services and LRT stations.

Property details

• Name: Megan Avenue 2
• Address: Jalan Yap Kwan Seng, Kuala Lumpur
• Tenure: Freehold
• No. of Blocks: 4
• No. of Storey: 25
• Subsale Price: RM500 – RM700 psf
• Rental: RM2.80 – RM3.00

Analysis

This commercial office building is located in the center of Kuala Lumpur city. It is strategic and easy to locate. Megan Avenue 2 is also close to a lot of other commercial spots such as colleges, other business centers and shopping malls thus variety of shops and offices will be able to open their business and showroom here to accommodate their own preferred target market. The Istana Budaya Theater, National Heart Institution and even KLCC are nearby.

The rental for each lot at Megan Avenue 2 is also affordable for newly start-up business corporates. With access to the Kuala Lumpur-Ampang Expressway and a few close LRT stations, employees who work in the building are able to travel on time. There are also numerous lines of cafeteria and restaurants.

Office For Rent in Megan Avenue 1, KLCC

Megan Avenue 1 (formerly known as Megan Phileo Promenade) is an office complex comprising of five 10 to 12-storey blocks. It is the predecessor of Megan Avenue 2 which is located just a few hundred meters away from it. This office building is built together with Menara Avenue and Menara TM Asia Life.

Megan Avenue 1 is strategically located in the heart of city centre, in between the bustling Jalan Tun Razak and Jalan Ampang. It is situated next door to Hampshire Place, 2 Hampshire, Acadia Residensi and PlazaOSK, and just a stone’s throw away from the iconic Petronas Twin Towers.


There is an abundance of amenities surrounding Megan Avenue 1. A few shopping centres are within close proximity, including Ampang Park Shopping Mall, Intermark Mall (opening soon), SuriaKLCC and Avenue K. For eateries centres, one can find numerous restaurants and cafes at the ground floor of the building and also in the shopping malls nearby.

In terms of accessibility, Megan Avenue 1 is reachable via Jalan Tun Razak and Jalan Ampang. Besides that, it is within few kilometres away from Ampang-Kuala Lumpur Elevated Highway (AKLEH), Kuala Lumpur-Putrajaya Highway and Mahameru Highway. Moreover, it can be easily reached via RapidKL LRT as it is just 5 minutes walking away from Ampang Park RapidKL LRTstation.

Property Details

• Name: Megan Avenue 1 (formerly known as Megan Phileo Promenade)
• Address: 189, Persiaran Hampshire, Off Jalan Tun Razak, 50400 Kuala Lumpur
• Developer: Phileo Promenade Sdn Bhd
• Type: Commercial Office
• Tenure: Freehold
• No. of Blocks: 5
• No. of Storey: 10 – 12
• Built-up: From 1,518 – 4,900 sf
• Maintenance Fee: RM1.00 psf
• Subsale Price: From RM500 psf
• Rental: From RM2.20 psf

Facilities

• Covered car park
• 24-hour security
• Cafeteria

Analysis

Megan Avenue 1 is suitable for any organization which is looking for a loud and outstanding office address without forking much expense for it. Megan Avenue 1 is said to be among the cheapest decent office suites one can find in the city centre and which is one of the reason why it is almost fully occupied at most times.

However, Megan Avenue 1 looks crammed in between of futuristic skyscrapers surrounding it. With a few more upcoming modern skyscrapers such as Acadia Residensi, Megan Avenue 1 will definitely look old and out-dated.

Due to rapid development growth within the small Persiaran Hampshire enclave, the area looks busier and merrier day by day. The narrow Persiaran Hampshire seems unable to serve the office communities and urban residents in the area. The road congestion is worsened by lines of illegal parking along the roadsides.

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.

Office For Rent in Menara IMC, Jalan Sultan Ismail, KLCC

Menara IMC is a prime and exclusive office tower located in the hub of Kuala Lumpur’s Golden Triangle right along Jalan Sultan Ismail, next to Concorde Hotel and opposite the Shangri-La Hotel.

Menara IMC is developed with dual entrances or exit, one via Jalan Sultan Ismail while the other one through Lorong Perak thus creating an exceptional vehicular circulation within the building.

Menara IMC is considered a prestigious 29-storey intelligent office building of exceptional quality, amenities and finishes constructed by using external facade of elegance and majesty featuring energy-efficient green glass and composite aluminium panelled state-of-the-art imported fine granite curtain walling. As for its lobby area, it is finished with imported fine granite and marble with specially designed ceiling lighting along with a beautiful landscaped water feature.

Menara IMC is strategically located and accessible through the Jalan P. Ramlee, Jalan Sultan Ismail, Jalan Pinang, Jalan Ampang, or Jalan Tun Razak and it is also within distance to the prestigious Petronas Twin Towers and Kuala Lumpur City Centre (KLCC), along with easy access to major expressways such as the Ampang KL Elevated Highway (AKLEH), Middle Ring Road 2 (MRR2), easy access to KLIA-Putrajaya Highway via Jalan Tun Razak, Kuala Lumpur - Seremban Highway, SMART expressway, and also the DUKE highway.

In addition, the Menara IMC offers convenient access to public amenities and township facilities such as restaurants and eating outlets, entertainment outlets, office buildings, 5-star international hotels, major banks, near well-known shopping complexes such as Sungai Wang Plaza, Lot 10, Pavillion, Bukit Bintang Plaza, Suria KLCC and KLCC Convention Centres.

Menara IMC is also located near fast and convenient transportation namely the RapidKL KLCC LRTstation, Ampang Park LRT station, along with the monorail station. As for its existing tenants, you will find big companies such as Maybank, Bank of Tokyo and the New Zealand High Commission to name a few.

Property Details

• Name: Menara IMC
• Address: No. 8, Jalan Sultan Ismail, 50250 Kuala Lumpur
• Type: Office Tower
• No. of Blocks: 1
• No. of Storey: 29
• Built-up: 980 sf – 6,000 sf
• Letable Area: 298,831 sf
• Rental: RM7.50 – RM9.00 psf

Facilities

• Business centre
• Cafeteria
• Club house
• Mini market
• 24-hour security with CCTV at building entrances, exits and car parks
• 500 covered car parks
• 24-hour air-conditioning control by tenants
• Double filtered clean air-supply for good health
• Waiting time for lifts not more than 30 second (during peak hour)
• 10 high speed lifts serve the office towers
• 2 lifts serve the annexed car park
• 1 cargo lift at the rear of the building for removals and garbage disposals
• Standby generator for emergency services and lighting

Analysis

Menara IMC is a 29-storey high intelligent office building that provides you with a panoramic view of the prestigious Petronas Twin Towers within strategic location and close proximity to variety of conveniences and amenities. Its presence will definitely impart the feel of a sleek and contemporary corporate atmosphere, which is much needed especially in this part of Jalan Sultan Ismail.

Menara IMC is also built in accordance to the requirements of Multimedia Super Corridor (MSC) in order for easier upgrading of the building status in future to MSC status building, plus having high values of innovation and reliability to provide better efficiency and productivity of its tenants or buyers.

In terms of convenience, there are numerous amenities to be found nearby the Menara IMC which include financial and commercial hub, restaurants, food court, petrol stations, shopping malls, along with easy accessibility from the numerous highways leading to this place and connecting it to the city centre or other destinations.

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

Menara KH (formerly known as Menara Promet) is strategically located in Kuala Lumpur’s Golden Triangle. Its adjacent neighbors include Bangunan MAS, Menara Dion, Kompleks Antarabangsa, Wisma Genting and Crowne Plaza Hotel.

Comparatively, the rental at Menara KH ranges from RM3.50 to RM4.50 psf is considerably lower than that of its’ neighboring office buildings’, e.g. Wisma Genting at RM5.80 psf and Menara Dion at up to RM12.00 psf.

Menara KH is also within walking distance to numerous hotels, condominiums, financial institutions, major shopping complexes, restaurants and entertainment centers. Public transportation are easily available with the Raja Chulan Monorail Station and bus and taxi stands, a short walk away.

Property Details

• Name: Menara KH (formerly known as Menara Promet)
• Address: Jalan Sultan Ismail, 50250 Kuala Lumpur
• Completion Date: 1987
• Type: Office
• Tenure: Freehold
• No. of Blocks: 1
• No. of Storey: 35
• Rental: RM3.50 - RM4.50 psf

Facilities

• 24-hour security
• Various telecommunication provider
• Over 350 parking bays in covered parking
• 9 passenger lifts
• Cafeteria

Analysis

Though the building is more than 20 years old, Menara KH is still considered a good investment. Yes, it has lots to do with its prominent location, which generates high human traffic. And also the fact that it has recently undergone a face lift of its lobby and podium facade, as well as renovated its Podium’s Centralized Air-Condition. The office tower is expected to be upgraded in the next phase.

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

Menara MBF is a freehold office tower located at the heart of the Kuala Lumpur city centre. Situated along the bustling Jalan Sultan Ismail. Menara MBF is located within close proximity to other prominent landmarks such as Life Centre, Equatorial Hotel, Wisma KFC and the MAS Building to name a few.

This office tower consists of office units with a built-up area of 6,000 sf and a standard office floor comes with about 9 rooms. Basic facilities such as covered parking lots and around the clock security are provided. Besides that, there is also a cafeteria and business centre located within the tower itself providing much convenience for those working there. As for those who are looking for some after office activities, there is also a gymnasium opens at the lower floor of the building.


Apart from the amenities that are available within the building itself, those working at Menara MBF could also easily walk over to Life Centre which is positioned just next to the office tower where they can find several restaurants, a convenience store and also a few cafes located there. Further down from Life Centre, is the famous night life entertainment spots where those working at Menara MBF can enjoy their happy hours at the many pubs and clubs such as Beach Club, Espanda Club and a few more all located there.


Menara MBF is also located near to prominent shopping centres such as Suria KLCC and Pavilion KL that are located just a short 4 minutes’ drive away from the office tower. Both malls are packed with amenities ranging from shopping brands, ample restaurants and cafes, supermarket, ATMs to book stores, cinemas and many more. As for medical amenities, there is a Mediviron Clinic sited at Wisma UOA II which is located about a 4 minutes’ drive away from Menara MBF.


Public transportation is rather convenient as there are several bus and taxi stands located along Jalan Sultan Ismail. Other public transportation options would be like the Monoral Raja Chulan which is positioned about a 0.39km away from Menara MBF. Connectivity wise, the building can also be easily located using Jalan Sultan Ismail or Jalan Perak.

Property Details

• Name: Menara MBF
• Address: Jalan Sultan Ismail, 50540, Kuala Lumpur
• Type: Office Tower
• Tenure: Freehold
• Built-up: 6,000 sf
• Rental: From RM5 psf

Facilities

• Covered parking lots
• Gymnasium
• Cafeteria
• Business Centre
• 24 hours security

Analysis

Being so ideally located within the Kuala Lumpur City Centre, Menara MBF is truly one of the prime locations for office units. Owners can easily rent out units or even office floors for a price over RM30,000 depending on the conditions of the office floors.

However, traffic congestion within the Kuala Lumpur City Centre remains unavoidable and conditions could be worse during rainy days and peak hours. Apart from that, Menara MBF is a suitable location for professionals looking to set up their companies within the city centre itself.

Office For Rent in Menara Prudential, Jalan Sultan Ismail, KLCC

Office To Let - Menara Prudential

Lot SIze: 1,100 - 5,777 sf

Rental: RM5.50 psf onwards

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Menara Prudential is another skyscraper with modern glass facade. This 32-storey office tower is situated along Jalan Sultan Ismail, in the bustling Kuala Lumpur's Golden Triangle.

This project was developed by Prudential Assurance Malaysia which is a subsidiary of Prudential PLC, a global financial services company headquartered in London, United Kingdoms. Menara Prudential’s neighbors are Menara IMC and Menara Mulpha.

Menara Prudential offers office units with built-up area ranging from 1,100 sf to 5,777 sf. Apart from that, it also provides basement car parks, 24 hours security, centralized air conditioning, high speed lifts,CCTV, Telco providers include Maxis, Telekom and Time.

Menara Prudential is within walking distance to many amenities like the famous Petronas Twin Towers which hosts Suria KLCC with many amenities like restaurants and eateries, banks, supermarkets, retail outlets, book stores, cinemas and much more, and also KLCCPark.

It is also within walking distance to Avenue K, which is situated just opposite of Suria KLCC. Avenue K provides many restaurants and retail outlets and is directly connected to Suria KLCC via an underground tunnel.

There are other amenities within walking distance like pubs and clubs such as Nouvo Club, The Beach Club and Aloha which are situated about 10 minutes from Menara Prudential. This is a popular nightlife entertainment spot in Kuala Lumpur especially for the younger generation.

Menara Prudential is situated just opposite of Shang Ri La Hotel and also Concorde Hotel which is about 10 minutes walking distance. It is easily accessible via Jalan Sultan Ismail and also Jalan Ampang. There is also a bus stop located in front (the one with Prudential banner) and alternatively, one can just walk to KLCC where KLCC RapidKL LRT Station is located.

Property Details

• Name: Menara Prudential
• Address: No.10, Jalan Sultan Ismail, 50250, Kuala Lumpur
• Developer: Prudential Assurance Malaysia
• Completion Date: 1996
• Type: Office
• No. of Block: 1
• No. of Storey: 32
• Built-up: 1,100 sf – 5,777 sf
• Rental: From RM5.50 psf

Facilities

• 24 hours security
• Centralized air conditioning
• High speed lifts
• CCTV
• Telco (Maxis, Telekom and Time)

Analysis

Menara Prudential is situated within Kuala Lumpur - central business district and it is one of the busiest locations in Kuala Lumpur. Surrounded by various pubs and clubs, tenants can have some rest and relaxation after a hard day's work.

Apart from that, there are also alternative open parking areas that are situated in between The Beach Club and Menara Mulpha which is also within walking distance. Most of the open car park in the area charge RM10 per entry fee.

Menara Prudential is occupied mostly by Prudential Assurance Malaysia while the remaining office units are leased out. Among the tenants is Alliance Bank, located on the Ground Floor.

Office For Rent in Wisma Jerneh, Jalan Sultan Ismail, KLCC

Wisma Jerneh is located along Jalan Sultan Ismail, Kuala Lumpur - along what is also known as the ‘Golden Mile’. Surrounded by other established landmarks and office towers like Central Plaza, Menara Genesis and hotels like Grand Millennium and Shangri-la, this office tower prides itself on being amongst established businesses in a popular locality.

Wisma Jerneh is within short walking distance to shopping district and club haven like the Starhill Gallery, Pavilion, Lot 10 and Sg. Wang Plaza.

Wisma Jerneh is home to Jerneh Asia, an investment holding company with subsidiaries and associates operating across Malaysia and South East Asia. The insurance arm of Jerneh Asia was sold in October 2010 to UB-based Ace INA International Holdings (80%) and Paramount Corp Bhd (20%), but much of it still operates out of this office tower.

Standing 18-storey high, with the first 6-storey as its parking floors, most of the floors belong to Jerneh Asia and its subsidiaries. Other similar partners and firms take up the remaining floors. Being on the ‘Golden Mile’ and located alongside a row of shops with plenty of amenities like DHLcourier service, restaurants, and also the Bukit Bintang monorail is just 200m away.

Property details

• Name: Wisma Jerneh
• Address: 38 Jalan Sultan Ismail, 50250 Kuala Lumpur
• Type: Corporate Office Tower
• No. of Storey: 18
• Rental: RM5.00 psf and above

Facilities

• Elevated carpark
• 24-hr security
• CCTV
• Cafeteria
• Broadband Internet

Analysis

Things are a bit uncertain with regards to the offices and businesses at Wisma Jerneh until things settle, and plans for the future with Jerneh Asia are set in place. Lettable areas while few remain are at the compatible rate of RM5.00 psf.

Location needless to say is priceless, situated along the Golden Mile of Kuala Lumpur on one of the busiest streets in the city center linking many major roads in and out of the city. Frontage is excellent and accessibility in and out of the building is a one-way direction.

Office For Rent in Central Plaza, Jalan Sultan Ismail, KLCC

Offie To Let - Central Plaza

Lot Size: 1,000sf - 11,00sf

Rental: RM5.00 - RM6.50 psf

Contact: Max Yong

Call/SMS: +60122868877

Email: klofficefinder@gmail.com

Central Plaza is an award winning skyscraper located at the junction in between Jalan Sultan Ismail and Jalan Raja Chulan. This 29-storey, 109.73m-high intelligent office tower has won “Design Excellence” Award in 1997 from Pertubuhan Arkitek Malaysia (PAM).

Central Plaza consists of column free offices with built up sizes ranging from 1,000 sf to 11,000 sf that sum to a total let able area of 185,000 sf. The building is also built with 326 car park bays. It is owned by Chuang’s Properties.

Among established tenants residing in the building are Qatar Airways, Watson’s Personal Care Stores Sdn Bhd, Air Mauritius Limited, Gulf Air (Abadi Aviation Services Sdn Bhd) and Cortina Watch Sdn Bhd.

Adding to its bold facade, Central Plaza is equipped with intelligent features including communication, data and power backbone cable, local area network (LAN), 7 high speed self-diagnostic air-conditioned lifts, variable air volume air-conditioning systems, electronic air cleaners and building automation systems. It is also 24 hours guarded with CCTV surveillance.

Central Plaza is very strategically located in the Golden Triangle and neighbors several iconic buildings and amenities. Right behinds it is Pavilion Kuala Lumpur and KLCC Twin Tower is merely 10 minutes walking away. Besides that, it is just a stone throw away from Wisma Genting, Wisma Cosway, Menara Standard Chartered and Wisma Jerneh.

There are a number of hotels within the vicinity of Central Plaza as well, namely Hotel Crowne Plaza Mutiara, Hotel Istana, Grand Millennium and The Westin – making it easier for clients to stay while dealing with your company.

Central Plaza enjoys arrays of road networks and railways. It can be accessed via Jalan Sultan Ismail and Jalan Raja Chulan. These two roads lead to Jalan Ampang, Jalan Bukit Bintang, Jalan Tun Razak and Jalan Pudu. Moreover, it is just about 300m away from Raja Chulan and Bukit Bintang Monorail Station.

Property Details

• Name: Central Plaza
• Address: 34, Jalan Sultan Ismail, 50540 Kuala Lumpur
• Owner: Chuang’s Consortium International
• Completion Date: 1997
• Type: Commercial Office Building
• Tenure: Freehold
• Built-up: 1,000 - 11,000 sf
• No. of Blocks: 1
• No. of Storey: 29
• Rental: RM5.00 – RM6.50 psf

Facilities

• 24-hour security with CCTV monitoring and access card
• Car park (326 bays)
• 7 high speed lifts
• 1 service lift
• Variable air volume air-conditioning system for automatic temperature control
• 3-compartment under floor trunking system
• Wired internet connection
• A special toilet for handicapped at each floor

Analysis

A thumbs up should be given to its line of architect, from T.R. Hamzah & Yeang Sdn Bhd. Central Plaza is not only beautiful, it is also very practical and full with convenient features. It offers generous car park at a ratio of 1 car park for every 1,000 sf. Its column-free design lets tenants to enjoy maximum floor usage as well as do renovation freely.