The Edge - City & Country - 090810 - KL SENTRAL

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S Allzallsiead toKL Sentral ~Razeek Contiguous ton Sentral tere sascea synergy for our office ower asthemalls csrparieare accessiblete office users? ‘estorsand ve versa anon 1 Sentra Malaysian Resources corp has ‘Qu ntgeted developement valued at ta blion nests no introduction ts {anlar ground eo the 130,000 0350,000 ‘people who commute lly by ight il mt (LN at Kemet XE Moora sd bepress all Link(ERL which arelleonnected {She fae biliontanalt hub stesen Seer [MRCR's CEO Mohamed Razeek Huss pus it spy vallralsead to XL Sentral” Ws deniaens include 2 00 song working pop ace that ocapis the varias igh ise ocesthere ‘nome the headguatrsoF UE Groups the Ny ‘aninvertment Development stot andthe Com ‘panies Conaaelon of lait well ancompanies Batwrantosate advantage af teMsc sa. "eu sentnl ese the plygroundofhereidents of 000s uy condos thin iit he 2h sha KL Sentral ls fst «20-mninete drive foom the central bosnes ute which has ae eof about 3 milion people. thsi dd noe take ‘tRCBlong to deciden balding malin KL Sentral tote forthe market Nu Sentrat ‘Thezetallnach of Nu Sentral took place on Aug. [coming upon the es-are Lot directly opposite ‘the Hen XL and Le Meriden hotels atoas rom, ‘Stsen Senta Besides the mal, ot wil feature ‘hreofce owers anda hte. "The 7-orey Ne Sentral snd adjoining 2-sorey fice ter have an estimated gross development ‘alse (GDV) af Rats bllon and are being finely Ueveoped by SCR and he goveanent's cel estate {Evesunent Company plaburenrareansh BBP) fasta basa Phe othe yo ofc blocks and hotel Sebring developed by Eeclone Bonanze Sn Bh, fein veatorebenween MCB and Landon Stock Be ‘Shnge ined scans Properties 2 "Why Na Sentral? “Ifa play on the word ‘new’: ‘ue the New workers sayit~ ‘a sysasmil- ing Razeck feigning a New York aeent “nkeepingyith Sentra dion lie poets hase he word Setra in thelr ares. "s0,this sour ‘nee mall and Sentral sera to been tetas {the mid and isa fty mame fr aml Razed, fells yc "Rhema emer ren furs to reduce cary onrumpton wit ighing end ventilation designed ‘achieve dh gal alo las emia ase top ‘ent the bul upofhoe iin tebulling which gives cecterenienandbasinhalineianieten. ‘cen Building index certified ad singapore Green Dark compliant think hata tomate ume [the ft gren malin Ue county sys "azeck says the biggest energy conrumer in = ‘ling ithe coling system (08), llowed by lighting (208) and other fonetons uch st ‘NuSental has a gros oor ered of 165 million sqft anda net etal ste of 650,000 9 fT an ‘hortenant is Farkson, which wil ake up 38,28 ‘Sa festhe mal will also Bouse a supermarket ‘lectroncs and F centr, a cinema, bowling cea tee heaoke lounge andamusement centres well Sea hobbies and leisure section Food and beverage tet clothing stores andanevenearen complete Ss future offerings Razeck ss the malls cargeted at KL Sentral commuters the working populace and residents "we have some interesting data from our ‘veyron the household income of commuters and tice workers hee We were surprised to find chat omumtters eve eather high household income ‘fa average Rs, 300; we bad expected HMS;000. Household income within ao-minateradis aver ‘gc: MG 709s month.The offs popsltion ears ‘hatverage of HM9,000s month So we decided to target the mal tthe mia eo igivincome grew commutersaremoving oa more executive level oar survey aia shows that moe peoplein manage ‘lal postions are aking the rns" heads. ‘The ERL commuters from the KLIA on transit to their nec Might, represent smother untapped ‘asket The BRL sets ebout 5,000 to 8,000 tran ‘asrengers «day at KL Sentral. azedk ays these ‘Sommtere are good targets piven thelr high d= ‘etionay income ‘Mean the Federal Teritoros Ministry has mooted the Wea of Ek commuters spending fet [ours shoe tur ofthe ity whe waiting for their next fight The Immigration and Customs Department sr well as Keals Lumpur City Ball, ‘te working tether to enable tis Razeok 57 “they ean tour KLfor afew hours and return tothe Elinor they can spend time at our mall. We ill Aieplayinfovntio, ve vis their ERL and fight Sheds, and soon. So wherever they are in the ‘hopping complex, they ean tell when thei eas {slewing and say an exe 1s minutes or half our oro," beads "Tals whole concept has enticed four potential tenants to approach MES fo become the mals ‘hor tenant. edartmuinangeniipteneling~Mate ome tome because I bring in your crowds! But thiviethe only shopping centre nay experience, that oul ge four potential tenant o come and pitch fort One of them even propose to manage Fhesehole compleat™ "Rents for retallopace are expected tobe between [AMS 28d RAS pt with those for larger oulets on the lower ground and ground lors ranglng rom [nao to ahil2opeé Rens on the per oor wil art at about RAS st “the group plans to kep it orton ofthe mall nts books forthe long term for recurring income CConreraction began i Apel 2008 and completion {stlated for December 201. Office towers and hotelin Lot G Sling We Sentral is sew of other new projects {nk Seatral. Currently under construction are Draperies thae have combined GDV of EW. bi onend gross florareaof3.«milion toe malin aft says Raseck. {etch te Sentral asthe grand dame ofthe Aerelopment, is hive of sii. Adjacent 0 Sentral iea27 storey ofc over, 4 LEED (US-based {eadershipi Energy and Enconment Desiga ‘erroorfedefice bildingerhich wil bemanaged ‘ppPromising Quay Sdn hd, whaly-ownedsub- Silanyof ia. (ehara res foo are af=3,0005q, feand nec letabe area of 0,000 55 "it's CEO Kamael ain Odunan els ly econ- ryt i talling to several potential tenant Snerpndlng tothe need for ore prkng lise, the oie tower provides substantally more gener ‘irkingprovaions. Contiguous to Nu Senta, sere [Belo te added symergyas the mall car parks are ‘ese tocfice users vstrs and vice vers, both ‘fring ofte nd non afc hours” says "he afice ower ill aso be the only one in KL sentra tobe connected drety to Sentral station {san sirconditioned link willbe bale. ‘Gn conectns about an oversupply of office space in uals Lumpur, Rateek sys the atthe ental "tes in Kz Sentral have breached RDM pt whic [higher than sent in some often he ental nine iti pele frac e cles Plaza Sen- {tal sen example of where rents were an average Me to ube so pain 2008 but are going for as high, {5 BM to RDO 0 pf today. “al he avallabeofice space heres 100% ace ied: KI Sentral mols atari sts ecessiby End connectiviyasatransit hab" ‘domes Ipegectmennemed uxLXely? tent the =e es ‘hebusinem hotel a Lor fom Facellen Ronansast 2 tousderaton of 12 of total development com, ‘pened tein the eplon of RMA mllon AAS ‘lion depot spayebieupon the signingof the S8 Sgreement with dhetelance payable upon suanceof {he certihcain of completion forthe ote. Ase ‘xesied weal option to purchace the hotel Sheording to its statement, aseana currently in advanced ngotstions with Starwocd Hotels and Resorts Worldnige nctormanage te hotel under its “alot brand the furstar 42 oomotelinepected tobe completed in 220121 wil havea gros oor ren of 50,009 within as sore. “ance tthe barnes hotel autre tow ex that stand at and 4 storey with combined roe flor aes of 4600053 Thetwo Blocks were {fouled by Hana Dal Fund tanagement~the real ‘Sette amt of one of South Kore’ largest cia {ervce firme the Hana Financial Group afew ‘months ag. NACH declined to say how much thd sold the ‘building for sing tat ear up tote el estate ‘uanagement frm to dsclosef-The hotel and office fowersshares total bull-up wea of lon 3 GSB Sentral piss an ofice tower and 1 residential units and developed by Gs Sentral Sdn Bhd ain vescure Between Gapurna Sdn Bhd and MCB, which hold (ad som uly interests respective MCD recotyoferedto segue Gapurmats stake, sulsscglstion le another steptowardsexpand {ng islandbankn Ki ental sao Raeck. Tntemational serviced residence manager The ‘Ascott Group Led has bea gen aS year contrat omanage the serviced ule, azesk tye Ascot chose Ge Sentral because of ‘he various amenities avilable aL Sentral" ‘otybeing Aart, kes to undecttand ts markets Tite And when raw what re had Bere, fas ult easy to gecit he ee ‘The fice tower will seo major hell Malaysia asthe anchor tenant occupying sbout 60% of fe Foor space. “Shellaalassscevesmanyvisitorsanditneede shor and long term stays stad of going to te ‘ey centre, weed you can come over bee says fatesk. "he project with GDV of RS milion slated for completion by 2012 ‘St Regis Hotel and Residences [LSentrt now hastwo five earhotele—theston uals Lumber and Le Meridien Thelatr samen ‘erof Starwood Hotels and Resorts ne, maor ternational hotel an eirore grosp-Aading another patina of prestige wil be the St Regis Hotel td [Residences sist 200 com hotel being devs ‘ped by One Ic san hd, 3 on venture between (hey clpital Son Bhd, MR and stra Pease Sn ‘Bhd which hold 620% and ios equi interests respectively, ‘regis renowned its hospi epeomised by its butler service which wil be maintained Mayas, scording oer repre wil ave @ (foe lor ares of milion a feanda CDV ofabout Sots bllon. "Conataction expected statin 10201 595, ase wit completion by 2015" KL Sentral Park sentra Parka mixed development comprising "nansporthabsotels shopping complexe, ofce Kuala Lumpur Sentral developmen "Sentral fice Tower LotN (rases4s050 Te (GOV-RMIBI milton ‘Sasa Sentral & Sentral Loft Condemns. Lot (GFA S187 a, | GOV:RN249 lon ra gta73950 (GOV: R135 ion 248 Sentral (GSB Sentra) GRU7O0O0=G ‘GOV: aon otal Lot 6 Paral icra'300:800 safe oftice Towers, Lot G,ParelC ‘a 205000 00 Office Tower Lat Parca (GFA 56300005 (SDV:RM3B5 lon Nu Sera Lot 6,Parel A - (GFA'114500050 Gov. RMO49 lon ‘stesen Sentral .5r&:399,308 59 ‘GD RMBOOmION (Gra sezeseeq ft Sou Gssdewepmen ane owRaeoarntion Plaza Sena office Suites Lotm—Phace? LotM—Phase2 GPATETTSSsa te — GrALBAGTOOSG GOV:RM255miton —GOW-RMSZSmilion fice Tower, Lot Geaisgraes te GV: RUER lon | ‘Seoka Sentral (Gea tat674 sq fe OW:REO raion ton & Le Marien kL, Gru gs7823sq ft DvAMIAon fice Tower Lot A Graase 0 GovRwisbion | © oneoing © FutureDevelopment

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