KUALA LUMPUR | Tradewind tower | 60 & 55 FLOORS |300 & 230m App

afiqnadzir · #1 Posted **Apr 24, 2011, 2:56 PM**

KUALA LUMPUR: Tradewinds Corp Bhd (TCB), which plans to demolish the Crowne Plaza Mutiara Hotel and Kompleks Antarabangsa, to make way for a "multi-billion-ringgit" mixed commercial development, is in talks with several local and foreign parties to help finance the project.

Chairman Tan Sri Megat Najmuddin Megat Khas said it is looking for joint venture partners to develop the project.

"We are talking to property developers and funds both local and foreign," he told Business Times.

He hopes TCB will hold a majority stake in the joint venture that will develop the property.

TCB plans to bring down the hotel and the office building located on Jalan Sultan Ismail to make way for a "multi-billion-ringgit" mixed commercial development. The buildings sit on a 2.43ha plot.

In preparation for this eventuality which could take over another year, in April 2010, TCB's 85.1 per cent unit, Tradewinds Hotels & Resorts Sdn Bhd, entered into an agreement to sell Crowne Plaza to Symbolic Supreme Sdn Bhd for RM384 million.

Tradewinds owns 100 per cent of Symbolic Supreme. The transfer is to facilitate future development.

TCB has obtained the development order to go ahead and come out with detailed plans for development based on the allowed plot ratio.

It is looking at the possibility of building an office, retail and residence component on the land to provide the group with recurring income stream.

Megat Najmuddin said the building will be "something soaring" and would cost billions of ringgit.

Crowne Plaza is a 38-year-old building of 35-storeys and 565 rooms. It first opened as the Kuala Lumpur Hilton. It is now managed by the InterContinental Hotels Group (IHG) which may still have eight years remaining under the management contract.

Prior to IHG's management, Tradewinds managed the hotel on its own for a short period under the name Mutiara KL.

Kompleks Antarabangsa, meanwhile, is a 30-year-old building with 21 storeys of car parks. The net book value of the office is RM159.83 million, as at December 2009.

The building together with land may be worth an estimated RM1.5 billion, based on recent land deals.

afiqnadzir · #2 Posted **Apr 24, 2011, 2:59 PM**

The development will be vibrant and active at all times through its complex program mix. Its signature profile will greatly contribute to the overall composition of the city skyline. Its large scale and memorable public plaza unites neighborhoods in the urban fabric, creating a system of pedestrian friendly movement that is integrated with the public transportation system. The architecture of the buildings establishes connections with traditions of Kuala Lumpur's rich history by linking Islamic pattern making to its modern exterior design. Its sustainable strategy will make the building a leader in environmental design.

SITE
300,560 sq.m / 6.9 acres

TOTAL GROSS FLOOR AREA
3,173,093 sq.m
PLOT RATIO
10.55

DEVELOPMENT COMPONENTS
Office: 2,112,087 sq.m
Hotel (156 rooms): 143,522 sq.m
Serviced Apartments (325 units): 368,818 sq.m
Medical Centre: 198,607 sq.m
Retail: 350,336 sq.m
Tower A: 60 stories (300.0 m height)
Tower B: 55 stories (230.0 m height)
Tower C: 14 stories (51.5 m height)
Tower D: 8 stories (41.75 m height)

NO. OF CAR PARKS
2,888

afiqnadzir · #3 Posted **Apr 24, 2011, 2:59 PM**

Fabb · #4 Posted **Apr 26, 2011, 7:32 PM**

Quote:

Originally Posted by afiqnadzir

Crowne Plaza is a 38-year-old building of 35-storeys and 565 rooms.

Could you post a photo of Crowne Plaza ?

afiqnadzir · #5 Posted **May 27, 2011, 9:31 PM**

Quote:

Originally Posted by Fabb

Could you post a photo of Crowne Plaza ?

RobertWalpole · #6 Posted **May 28, 2011, 1:33 AM**

VERY, VERY NICE!!

afiqnadzir · #7 Posted **Sep 23, 2011, 10:00 AM**

Hotel Istana to come down
By Vasantha Ganesan Published: 2011/09/23
http://www.btimes.com.my/Current_New...#ixzz1Yjd7nJBO

Kuala Lumpur: Tradewinds Corp Bhd may demolish yet another building in the city centre.

Kuala Lumpur mayor Tan Sri Ahmad Fuad Ismail said that TCB has been granted a development order for the 20-year-old Hotel Istana, located at the corner of Jalan Raja Chulan and Jalan Sultan Ismail.

Ahmad Fuad said the order was granted this year to make way for another project.

The 30-year-old Hotel Istana sits on a freehold land measuring 11,803 sq m. The 25-storey hotel has a room inventory of 516 rooms.

TCB, controlled by tycoon Tan Sri Syed Mokhtar Al-Bukhary, had last year been granted an order that would allow it to bring down the 39-year-old Crowne Plaza Mutiara Hotel and the 32-year-old Kompleks Antarabangsa.

The demolishment of these two assets located along Jalan Sultan Ismail is to make way for a "multi-billion-ringgit" mixed commercial development.

The project, dubbed the "Tradewinds Centre", is said to involve a total gross area of 3.17 million sq m.

"Crowne Plaza will be demolished and there will be a new one (new accommodation) and Hotel Istana will be demolished to have a new one," Ahmad Fuad said after the ground-breaking ceremony for the Holiday Villa Kuala Lumpur City Centre yesterday.

Given that the Mutiara Beach Resort in Penang had been closed for several years now and TCB has the Tradewinds Centre project in hand, plans for redevelopment of the Hotel Istana site could take some years.

It is understood that over the years, the hotel had been attracting many buyers. In 2007, TCB had even weighed the option of setting up a real estate investment trust that would comprise its hotels.

Travis007 · #8 Posted **Sep 23, 2011, 11:40 AM**

Great looking development, another future icon for KL. I like the shape of these towers, and the base entrance area looks stunning. Very well landscaped and designs.