Reviving heritage: Think City breathes new life into Downtown KL with KLCCD
Think City urban mechanics director Daniel Lim: Those that are restored will fetch a better value than those that are dilapidated.
Think City urban mechanics director Daniel Lim: Those that are restored will fetch a better value than those that are dilapidated.
DONE DEAL: Terrace house, Taman Cheras Vista, Selangor DONE DEAL: Residential land, Bukit Damansara, Kuala Lumpur Located within the heart of Kuala Lumpur's vibrant cityscape, Tropicana The Residences KLCC stands as a pinnacle of sophisticated urban living.
Research houses said the group's financial earnings for the quarter came in within their expectations, thanks to all segments of the group, particularly its hotel and management segments, showing strong financial performance for the quarter.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT) — saw quarterly revenue grow 7.
DONE DEAL: Agricultural land, Tanarimba, Janda Baik, Pahang DONE DEAL: Serviced residence, Residensi Lucentia, Kuala Lumpur The Pearl is situated in the highly sought-after and esteemed district of the city, adjacent to renowned landmarks like the Petronas Twin Towers and the Pavilion Kuala Lumpur.
The existing property is a luxury condominium with a gross development value (GDV) of RM820 million.
"The group has expressed interest in exploring global assets to add to its portfolio, but would prioritise improving the efficiency of its local operations first.
"These office assets continued to anchor the group’s stable performance, recording an increase in revenue and PBT of RM145.
Bloomberg reported that ICD Brookfield Place's owners, Brookfield Asset Management and state-owned Investment Corp of Dubai, may sell a stake of as much as 49% in the office tower, whose tenants include JPMorgan Chase & Co and Bank of America Corp.
The redevelopment project will result in the expansion of the retail space of an approximate 50,000 square feet (sq ft) of net lettable area (NLA).