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Wednesday, August 12, 2009

MRCB to complete RM2.4bil Lot G at KL Sentral by 2012

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) says the Lot G development of its KL Sentral project, with a gross development value (GDV) of RM2.14bil, will be completed by 2012, while the entire KL Sentral development remains on track for completion around 2015-2016 as almost 60% of the project is finished.

The company launched yesterday the first instalment of Lot G, comprising a seven-storey retail mall and a 27-storey office tower with a GDV of RM1.4bil, through a 51:49 joint venture with Pelaburan Hartanah Bhd (PHB).

“Apart from this joint venture to build the mall and office tower, developments at Lot G will also include the construction of three office towers and a boutique business hotel that we will launch later,” MRCB group managing director Shahril Ridza Ridzuan said at the launch of Lot G Integrated Development-Retail Mall by Prime Minister Datuk Seri Najib Tun Razak.

“The next three years will see more developments within KL Sentral as we race towards fulfilling our development master plan’s completion goal in 2015-2016,” said MRCB chairman Tan Sri Azlan Zainol.

Azlan added: “Aside from Lot G, MRCB and its partners are simultaneously building the new CIMB headquarters in front of Muzium Negara, Shell’s new headquarters at 348 Sentral and will soon commence the construction of KL Sentral Park, our green-office campus development.”

He said that by next year, MRCB was expected to begin construction of a new office building, a luxury hotel and new luxury condominiums in front of Muzium Negara.

All these developments would bring the gross floor area under construction at KL Sentral to more than six million sq ft with an estimated GDV of more than RM7bil, Azlan said.

By The Star

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