Business

Thursday July 12, 2012

Port Klang Authority teams up with Lagenda Erajuta in RM500mil 16-acre project

By SHARIDAN M. ALI
sharidan@thestar.com.my


PORT KLANG: Port Klang Authority (PKA) is teaming up with a developer, Lagenda Erajuta Sdn Bhd, to jointly develop its 16 acres in Klang into a landmark mix-commercial development dubbed 1Gateway Klang worth RM500mil.

Official consent has been received from the Public Private Partnership Unit of the Prime Minister's Department for the commencement of construction work. The landowner of this project is PKA.

PKA chairman Datuk Dr Teh Kim Poo said at a press conference that the project had already started its groundwork and would be completed in five years.

“But I foresee the project to be completed earlier than expected as they had already started work since we already received approval for the building plan from the Klang Municipal Council.

(From left) PKA assistant GM (admin and finance) Salihuddin Yussuf, Teh, GM Capt David R. Padman and manager (property) Husna Abdul Hamid Karim checking out the 1Gateway Klang sales catalogue

“The project is expected to be a landmark development in Klang, being strategically located along Persiaran Raja Muda Musa and Lebuh Turi which includes two hotel towers, a large shopping mall and offices.

Teh hoped that this time around, the stalled project of more than six years would be a success.

“The project was abandoned in the past due to the developer's insufficient funds. But, finally we have sorted out the problem,” he said.

Teh said they had studied the background the Lagenda Erajuta and was confident of the company's track record and capability.

“Lagenda Erajuta would have to pay PKA RM45mil as a guaranteed minimum amount for the cost of land that we are putting in,” he said.

1Gateway Klang, the first lifestyle street mall in the area, will boast of two 31-storey hotel towers, offices, gourmet zone, retail zone and leisure zone.

With the prime location of 1Gateway, the developers intend to add value and prestige to the property. They have secured two internationally branded hotels, Novotel and Best Western Plus, to operate here.

The food and beverage outlets will be located mainly on the ground floor duplex shoplexes and also in the upper ground floor.

The upper ground consisting of three to six storeys of shop-offices will be zoned into leisure and business clusters with cineplexes, children playground, gaming arcades, leisure ventures, offices, banks, business corporations, signature retails, concept stores and fashion boutiques.

Lagenda Erajuta has already secured many international, regional and local brands and is still actively identifying more branded retailers and operators to enhance the 1Gateway value.

This area along Persiaran Raja Muda Musa has great potential to become the most lively business and social lifestyle enclave in Klang. The daily traffic flow of more than 60,000 vehicles along this major road is one of the highest in Klang.

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