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#Exclusive* GTower expects to hit full occupancy by mid-2011

KUALA LUMPUR: GTower (pictured), a new office building landmark in the city centre located on Jalan Tun Razak, expects to achieve full occupancy by mid 2011. It is currently 50% occupied 50%

The building has been awarded Singapore’s Building and Construction Authority (BCA)’s Green Mark Gold Award and sports green features such as energy-efficient chilled-water centralised air conditioning, the use of environment-friendly materials throughout the building and low-e glass or double-glazed glass for lower heat transmission from outside the building.

The tower is managed by GTower Sdn Bhd, which is a wholly owned subsidiary of private equity investment company Goldis Bhd.

“The sustainability factor is passed onto the tenants,” Goldis’ head of corporate investment, Colin Ng told theedgeproperty.com. He said many multinational companies have made green issues part of their corporate social responsibility (CSR), and as the tower incorporates green technology, it could act as an attractive factor for these companies.

The 30-storey tower on an almost two-acre site is only a few hundred meters from the KLCC Park and offers what Goldis calls a “new working concept” that integrates offices, a 180-room hotel, a club floor and other facilities.

Ng added that the tower is also in the process of getting Multimedia Super Corridor (MSC) status, “hopefully in the next two months”.

“We have fibre optics Internet access in the building, guaranteed emergency response time from the police, hospitals and fire department and the building is built to allow tenants to operate 24/7,” he said.

There are several types of office space being offered including the duplex corporate office for large corporations, fully-furnished flex offices which offers the option to occupy the office on a month-to-month basis and cube offices for start-up companies that can take up to three work stations.

Ng disclosed that GTower’s three major tenants are MSC-status Exact Software (M) Sdn Bhd, engineering company DPS Bristol (M) Sdn Bhd and oil and gas firm Halliburton Oil & Gas Malaysia, which together take up 100,000 sq ft.

“The rest are smaller companies as they take up less than 10,000 sq ft each,” he said, adding that GTower has a built-up area of approximately 1.4 million sq ft, with a total nett lettable area of 820,000 sq ft. The rental fee is RM7.50 psf, including service charge. Meanwhile, the G City Club Hotel, which opened for business on March 28, occupies three floors of the building. It is touted to be Asia’s first all-club-rooms boutique hotel, providing features such as sound proof boardrooms, IT concierge and a state of the art Bridge Bar, which is furnished with recycled furniture.

The hotel boasts about 20,000 sq ft of meeting space with a function room that can accommodate up to 140 guests, with two boardrooms available for smaller groups and functions.

For more information, please log on to www.gtower.com.my

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