Times Avenue to feature automated valet system

KUALA LUMPUR: Times Avenue (pictured), an integrated office and retail space development by Takashimaya Group Malaysia, will feature the first-of-its-kind fully automated valet car parking system upon its completion in 2013.

Speaking to a press conference on Monday, Oct 26, its executive director Datuk Dr Tan Poh Soon said the new parking solution can stack 140 cars vertically alongside the 15-storey building structure, and will also have three basement levels of parking space.
Under this RM10 million-parking system, visitors only need to drive in, lock up and the automated car park system will take over. The two systems being built into the structure are the vertical multi-level space and transfer device rotator.

He added that the group will be collaborating with Hyundai Information Technology Co Ltd, Korea for the car parking systems, which have been deployed by global auto manufacturers for high volume car production storage and widely used in Europe.

Located next to Times Square in Jln Imbi, the leasehold Times Avenue offers executive office suites and ground floor retail lots, ranging from 300 sq ft to 2,297 sq ft, on a 0.3-acre land. With a gross floor area of 146,000 sq ft, the project has a gross development value of RM130 million.

Seventy percent of the development has been taken up since the soft launch two months ago, half of which is locked in by a Hong Kong-based investment group.

Times Avenue is expected to officially launch on Nov 19.
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