Sunway Tower launched

SUNWAY City Berhad (SunCity), the now-familiar name behind the successful Sunway Integrated Resort City in Bandar Sunway, has made a strategic move to invest in Grade A office developments in the Golden Triangle in Kuala Lumpur with the launch of Sunway Tower on Jan 15.

The company acquired Wisma Denmark in 2007 for RM170mil.

A RM26mil refurbishment exercise was subsequently commissioned to develop the building into what is now known as Sunway Tower, a Grade A office tower that meets the stringent demands of multinational corporations and embassies in the capital’s Golden Triangle.

A slice of KL’s Golden Triangle: Sunway Group chairman & founder Tan Sri Dr Jeffrey Cheah (centre) presenting a souvenir to KL mayor Datuk Ahmad Fuad Ismail after the official launch of Sunway Tower as Ngeow looks on.

SunCity now owns and manages a portfolio of 4.7 million sq ft of commercial property, including Sunway Pyramid Shopping Mall, Sunway Car-nival Shopping Mall, Menara Sun-way, Monash University Malaysia and Sunway University College.

SunCity’s managing director for Property Investment, Ngeow Voon Yean said: “The acquisition of Wisma Denmark certainly created a valuable opportunity for SunCity to own a slice of the Golden Triangle.”

Sunway Tower comprises 27 levels of office space with a nett lettable area of 276,000 sq ft, eight levels of car park space and a freehold parcel of adjoining vacant land.

Strategically located near the intersections of Jalan Sultan Ismail and Jalan Ampang, Sunway Tower is right next to the Dang Wangi LRT station and beside the entry and exit points of the Ampang-Kuala Lumpur Elevated Highway that further links to major highways within and around the Klang Valley.

“Excellent connections to all major transit points, including Kuala Lumpur Sentral, the city’s main train station to the KL International Airport (KLIA) means high traffic for Sunway Tower’s office tenants plus convenient access for tenants,” said Ngeow.

The refurbishment included the facade which received a much needed facelift with the atrium completely redesigned to create a strong corporate statement, the main lobby which is now fully air-conditioned and equipped with energy- saving features, redefined spaces on the ground and mezzanine floors and a vibrant retail area which is now visible from Jalan Ampang with its new glass facade.

The refurbishment has proven to be a wise investment for SunCity with a 30%- 40% increase in rental rates to RM5.50 per sq ft.

With the recent relocation of the High Court, Sunway Tower is now fully occupied from the previous 40% occupancy at acquisition.

In addition, SunCity has implemented its standards of security, car park and management services in Sunway Tower.

“We are happy with the all-new Sunway Tower as the building not only looks modern and stylish, extra care has been taken to have a coherent interior and exterior,” said Ngeow.

“This is a dramatic change from the ‘old’ Wisma Denmark.

“The level of security and general health and safety aspects of the building has now much improved.

“The building management has also implemented a ‘No Smoking’ policy,” he added.

By The Star Online

Source: http://thestar.com.my/metro/story.asp?file=/2010/1/18/central/5485044&sec=central