Apr 19 2023, 11:57 PM, updated 7 months ago
CONRAD KUALA LUMPUR | Kuala Lumpur (Jalan Sultan Ismail)
https://www.instantstreetview.com/@3.152386...4KY71jMrxzOhd1Q
The redevelopment of the former MAS headquarters is 40% completed.
Conrad Hotels & Resorts is an American multinational brand of high-end luxury hotels and high-end resorts owned and operated by Hilton Worldwide.
WHEN completed in 2021, the redeveloped former Malaysian Airline System Bhd (MAS) headquarters in Jalan Sultan Ismail, Kuala Lumpur, will comprise a 35-storey office block and 50-storey hotel, and be linked by an elevated walkway to the Kenanga building across the road.
To unlock the full value of the RM1 billion redevelopment, which is about 45% completed, project owner Permodalan Nasional Bhd also plans to extend the walkway to the
KLCC-Pavilion link bridge.
In 2006, PNB paid RM130 million for MAS’ former 35-storey office building within the Golden Triangle and two years later revealed plans to turn the building into a hotel and serviced apartments. Although the fund manager had intended to quickly commence work on the redevelopment, progress was slow until fairly recently.
Named PNB Project 1194 after the lot number of the site, the redevelopment is expected to be completed in two years — after a 13-year delay — and involves the upgrading and refurbishment of the existing 35-storey office building and the construction of a new 50-storey hotel tower.
“Given the unique and complex nature of the redevelopment, the project requires careful planning and detailed enhancements as well as improvements to the infrastructure.
This includes strengthening work for the foundations and relocation of the main distribution substation, as well as changes to the layout pertaining to the floor construction and M&E (mechanical and electrical) installation,” PNB executive vice-president for property and real estate Rizal Rickman Ramli tells The Edge when asked about the progress of the delayed project.
“Despite the extensive refurbishment work required, the project is progressing well and is already 45% completed. The redevelopment consists of two towers — a new 50-storey hotel rated platinum by the Green Building Index that will have more than 450 rooms, and a refurbished 35-storey Grade A office building that will cost around RM1 billion.
The project has significant potential, given its strategic location in Kuala Lumpur’s central business district.”
Rizal adds that both the office building and hotel will be operational in 2021.
“PNB has appointed a reputable international hotel management company to operate the hotel. We signed a branding and management agreement with the hotel operator under a five-star luxury brand on May 25.
An official signing ceremony is expected to take place soon and the details will be announced in due course,” he says in an email interview.
Industry sources say the operator is a US-based hospitality chain that will introduce a new brand to Malaysia.
It is worth noting that across the road from this yet-to-be-named building is the former headquarters of Kenanga International. Documents sighted by The Edge show that PNB plans to link the upcoming building to the Kenanga building.
In confirming the plans, Rizal says, “We see a great deal of synergy in linking the buildings, more so as much of central KL is already connected in this manner. Hence, by linking the current redevelopment to the Kenanga building via an elevated pedestrian walkway/link bridge, we will be able to unlock further value of the redevelopment.”
The proposed link bridge will also be extended to the KLCC-Pavilion link bridge in Jalan Perak. “We are in the midst of applying for approval from the relevant authorities for the construction of the link bridge. The plan for it was proposed by the management to provide hotel guests and office occupiers with a safe and comfortable connection to KLCC. It will also improve the pedestrian connectivity in the area,” Rizal adds.
The RM1 billion allocation for the project includes the cost of acquiring the old MAS headquarters as well as the construction of the link bridge.
Should PNB maintain the built-up of the office component, the 35-storey office building will have 679,994 sq ft of space.
This will not be the only hotel and office towers that PNB will be opening in 2021. It will also introduce the Park Hyatt brand to Malaysia via PNB 118. The hotel will occupy the top 17 floors of the 118-storey building, which is expected to feature 83 floors of office space as well, half of which is reportedly to be taken up by PNB.
When asked about the occupancy level at the Kenanga building, Rizal says there has been an improvement and that the management is in discussions with potential tenants. “The name of the building is also dependent upon securing an anchor tenant to take up most of the space.” Kenanga was the anchor tenant prior to vacating the premises.
Hotel Istana no more
Same address
COMPANY CONTACTS
https://www.waldorfastoriakualalumpur.com
COMPANY ADDRESS
73, Jalan Raja Chulan
Bukit Bintang
Kuala Lumpur
50200
Malaysia
This post has been edited by plouffle0789: May 30 2025, 06:22 PM
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