Menara Taipan Star in Jalan P. Ramlee in Kuala Lumpur's so-called Golden Triangle, has been put up for sale for an estimated RM306 million.
Located behind Shangri-La Hotel Kuala Lumpur and UBN Apartments, the property comprises an 18-storey office building and a 25-storey apartment block.
According to international property consultant Rahim & Co's website, the property is freehold and has a land area of 2,789 sq m.
The office building has a gross floor area of 198,571 sq ft and a net lettable area of 131,184 sq ft.
The buildings belong to Taipan Star Sdn Bhd and the people behind Taipan Star are three directors of SHL Consolidated Bhd.
Sources said the property had been up for sale for sometime.
Rahim & Co did not give additional information apart from what was available on the website.
SHL's annual report for the financial year ended March 31 2009 said the directors of the listed company - Tengku Abdul Samad Shah Sultan Salahuddin Abdul Aziz Shah, Datuk Yap Teiong Choon and Datuk Ir Yap Chong Lee - have an interest in Taipan Star.
Tengku Abdul Samad is SHL chairman, while the other two are its executive directors.
SHL has had a 15-year business relationship with Taipan Star, while Menara Taipan is about five years old. The building has 213 parking bays spread over seven basement levels.
The 50 apartment units range between 2,000 sq ft and 5,610 sq ft.
According to the website, Menara Taipan Star is charged to OCBC Bank.
By Business Times
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