Wednesday July 14, 2010

KLCCP gets strong interest for Lot C project


PETALING JAYA: Despite the uncertainty in the global economy, interest in KLCC Property Holdings Bhd’s (KLCCP) Lot C project is strong.

Lot C will add 140,000 sq ft to the current one million sq ft of retail and office space in Suria KLCC.

Director Datuk Manharlal Ratilal said the RM1bil development would be seamlessly connected to Suria KLCC.

“The project will complement Suria KLCC which has attracted about four million visitors annually for the past three years,” he said.

Datuk Manharlal Ratilal ... ‘The project will c omplement Suria KLCC.’

Of the 4.1 million visitors to Suria KLCC last year, 20% were foreign tourists.

Manharlal said KLCCP was in discussions with some companies keen to rent units at Lot C.

“Global uncertainties come and go and when we are managing a property complex as important as this, it is our objective to maintain a position of strength.

“We will not be too aggressive, (we will) think long term, make sure the project is good and not rush into things. For a complex such as this, we need time to plan,” he added.

KLCCP is also managing the Petronas Twin Towers and Menara ExxonMobil, both of which are fully tenanted.

It is planning to upgrade Menara Dayabumi.

The company also owns Mandarin Oriental Hotel, which is 57% occupied now due to the global economic slowdown.

KLCCP : [Stock Watch] [News]

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