#Exclusive* PKNS plans redevelopment of HQ site

PETALING JAYA: PKNS, the Selangor State Development Corp has submitted plans for a project with an estimated gross development value (GDV) of between RM3 billion and RM3.5 billion to redevelop its current headquarters (pictured) in Persiaran Barat, Petaling Jaya.

The 10-acre site is among 16 old commercial and residential properties owned by PKNS identified for redevelopment in the Klang Valley.

“This signifies the beginning of our redevelopment programme under the Selangor state’s stimulus package,” PKNS general manager, Othman Omar told theedgeproperty.com recently.

“The plan is for a mixed development that includes commercial, retail, serviced apartments, hotel and office tower,” he said.

Othman said PKNS has submitted the proposed plan for the Persiaran Barat site for planning approval to the Petaling Jaya City Council.

PKNS is targeting to commence work on the site at end-2011 and the development is expected to take between 10 and 15 years.

He added that PKNS has also engaged consultancy Halcrow Group to carry out the traffic-impact assessment on the surrounding area.

“The new location of our headquarter is at Precinct 8.8 in Shah Alam, considering that it is the capital city of Selangor. It is one of the first few integrated townships built by PKNS as well and one of the most sustainable townships in Malaysia,” Othman said.

He added that the new headquarters would be a green development.

Othman also disclosed that PKNS had called for international proposals to jointly redevelop the 13.5-acre Sport Complex site in Kelana Jaya late last year.

“Seventeen companies including international companies submitted proposals and we are in the process of evaluating them,” he said.

The redevelopment plans are for a green development providing sports facilities.

Earlier this year, PKNS had announced the redevelopment of Taman Keramat in Jalan Jelatek, Kuala Lumpur into a mixed development called Datum Jelatek. The project with an estimated GDV of RM1.35 billion will be launched next year.

Jointly developed by PKNS and its subsidiary company Worldwide Holdings Bhd, the plot currently has four blocks of PKNS Taman Keramat flats on it.

Dubbed “Columbia Flats” for its drug and vice dens during the 1980s, the flats will be replaced with four 45-storey buildings comprising residential and commercial units, a hotel and a shopping mall over the next three to five years.