It is said that, more customized commercial
buildings for multinational corporations on design-build-lease
deals in the Klang Valley by Gapurna Sdn Bhd. Kuala Lumpur had competitive
advantages for MNCs, “Our property prices are still relatively low, we have a
strong and capable workforce and good infrastructure” said by Director Imran
Salim.
Opportunities for Kuala Lumpur to become a
regional hub for a lot of MNCs can be seen said by Imran. Agreement to build
and lease the building has a gross development value of RM250mil located near
Scope International’s present premises in Technology Park Malaysia, Bukit
Jalil. Added , ”nine-storey building has an area of 450,000 sq ft and will be
leased to Scope International for 14 years” to be completed in 12 months.
Gapurna group managing director Datuk Mohamad
Salim Fateh Din highlighted the company at the same time are also completing
38-storey building with a GDV of RM1.1bil at 348 Sentral in KL Sentral that
would be leased to oil giant Shell for 15 years. He also added that the company
worked with clients on the design and customization of the buildings. “Clients
have different needs and requirements for aspects such as safety in their
business operations,”and that there were plans for five custom-built office
towers on the 40-acre plot located behind Hilton Petaling Jaya Hotel.
Furthermore Gapurna aim to set up a real
estate investment trust (REIT) for its buildings, “We are looking into many
different opportunities about how we want to park our asset base. This is a
natural progression for property developers who have long-term income from
their buildings. “They will package or park it into a REIT and we are studying
this move,” added by Imran.
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