Forty-year old Federal Auto Volvo Kuala Lumpur showroom makes way for MBM Resources Berhad’s prestigious new office tower
Kuala Lumpur, July 5, 2011 – One of Klang Valley’s most recognisable landmarks for the past 40 years, the Federal Auto building along Jalan Syed Putra (previously known as Jalan Klang), is making way for a prestigious new commercial project.
The prominent 1.2-acre site next to Mid Valley City that had housed a Volvo showroom and service centre since 1971 will be redeveloped into a state-of-the-art 24-storey office tower called Menara MBMR.
The project, with a gross development value of RM240 million, is being developed by Inai Benua Sdn Bhd, a subsidiary of MBM Resources Berhad (MBMR), in partnership with Teknikhas Sdn Bhd and Meridian Residence Sdn Bhd.
When completed in the third quarter of 2014, Menara MBMR is set to be a highly visible new landmark in the Klang Valley with a brand new, ultra-modern Volvo showroom on the ground and mezzanine floors. The top six floors of the new office tower will also house the corporate headquarters of MBMR, which is aggressively transforming itself into one of the leading and most complete automotive groups in Malaysia.
Speaking to the media at the project’s official groundbreaking ceremony officiated by MBMR chairman Dato’ Abdul Rahim Abdul Halim, MBMR managing director Looi Kok Loon said that the project was part of the group’s strategic move to realise the value of its prime assets.
“We have been disposing off older and smaller properties that no longer meet our growing needs. With strategic parcels of land that we own and on which we operate showrooms such as this, we will be looking into redeveloping them to unlock their true value in line with our expansion plans,†he said.
Looi said that nearly 70 per cent of Menara MBMR had already been sold although the project was only officially launched on May 23.
“Menara MBMR presents a tremendous value proposition to our target market of small and medium corporates. It is perfect for those who are seeking to purchase their own premium office space and upgrade to a prestigious new address,†he added.
Menara MBMR is the only freehold, Green Building Index (GBI)-certified Grade A office building in the vicinity of Mid Valley City. It offers a total of 135 units of office space, with sizes ranging from 1,060 to 3,836 square feet. Each unit comes with its own individually-controlled and dedicated air-conditioning system and executive toilet facilities. These make it highly cost-effective and convenient for offices that operate beyond regular hours.
Menara MBMR, which is aiming for MSC status, will also have a full-fledged serviced office to cater to automotive-related ICT start-ups that the MBMR Group plans to nurture.
Just minutes away from downtown Kuala Lumpur, Menara MBMR is strategically located with links to several major highways such as the New Pantai Expressway (NPE), North Klang Valley Expressway (NKVE), Kerinchi Link, Lebuhraya Damansara Puchong (LDP), East-West Highway Link, KL-Seremban Highway and the KL-Putrajaya Highway. It is also highly accessible via public transport that includes taxis, public buses, Komuter trains and LRT.
Another boon for Menara MBMR is its location within walking distance to Mid Valley Megamall via a covered link to be provided by the developer. This means easy access to approximately 15,000 car parks and a myriad of food and beverage outlets, retail stores, banks, hotels, entertainment facilities and even healthcare facilities.
For more information on Menara MBMR, please contact Inai Benua Sdn Bhd at Tel: 03-2287 0989, Fax: 03-03-2287 0908 or Email: [email protected].
