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Monday, March 3, 2008

Menara Hap Seng latest upmarket address

An artist's impression of Menara Hap Seng.

The almost fully tenanted office tower in Menara Hap Seng is set to be the latest prestigious office address in the federal capital following an extensive makeover recently.

With about 250,000 sq ft of lettable space in the office tower and with an average rental of RM5 per sq ft (psf), the office block alone is expected to rake in RM1.25mil rental a month.

The 22-storey, office development (a 19-storey office tower atop a three-level retail podium) was bought for aboutRM166mil in 2004. It now sports a new and bold appearance, first-class facilities including airy lounges, spacious foyers and corridors, quality finishing, and modern building control system. There is also a grand lobby and a high atrium with sunlight filling the retail podium where people can mix business with leisure.

Hap Seng Land Sdn Bhd chief executive (property division) Datuk Paul Ng Kee Seng said the company had taken up five of the 19 floors in the office tower.

It will serve as the headquarters for the public-listed Hap Seng Consolidated Bhd. About 70% of the retail space on the podium level would be for food and beverage (F & B) outlets. There are also specialty stores.

Besides having a modern office in the Golden Triangle of Kuala Lumpur, tenants would also enjoy 24-hour security with CCTV in all lift lobbies and car park, central air conditioning, six high-speed passenger lifts and a service lift, functional floor layout of 13,259 sq ft and other attractive features. There are 310 car park bays with a bay for every 1,000 sq ft rented.

“I noticed that many office buildings in Malaysia do not provide full back-up services like concierge and valet services. Menara Hap Seng will have valet and concierge services and a security centre,” said Ng, adding that the official opening of the building might be in April.

The rentals of the retail lots range from about RM5 to RM15 psf with sizes of 1,000 sq ft to 6,000 sq ft. At least six tenants have taken up lots of 4,500 to 6,000 sq ft.

Among the tenants are Maybank, CIMB, Apex communications, Honeywell and Mitsui Sumitomo.

“We're confident of drawing people into Menara Hap Seng as we are offering medium to high-end range of F & B outlets with a slightly different ambience.

“We want to make it a happening place where diners as well as office workers can come at night,” he said, adding that about RM500,000 was being spent on landscaping the podium's roof top to turn it into a “little oasis.” “People can go up there for their meals and enjoy the views,” he added.

By The Star

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