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| The Intermark |
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| Location |
Kuala Lumpur, Malaysia |
| Date acquired |
Acquired by MGPA Asia Fund II in June 2007 |
| Investment type |
Integrated mixed use development |
| Description |
Located 500 metres from Petronas Twin Towers, The Intermark is a mixed use development comprising two grade A office buildings, an international hotel and a retail podium with a total gross floor area approximating 2.5 million sq ft.
Phase 1 of the development includes the complete refurbishment of the retail podium and Vista Tower, one of the tallest buildings in Malaysia, (formerly known as City Square and Empire Tower respectively), as well as the introduction of the first Doubletree by Hilton hotel in Southeast Asia in place of the former Crown Princess hotel.
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Phase 2 includes the redevelopment of the former adjacent retail site where Plaza Ampang once stood into Integra Tower, a brand new 39 storey sustainable design office tower scheduled for completion in 2012.
For more information, please visit www.theintermark.com |
| Investment strategy |
Acquire, hold and reposition the sub-grade property in Kuala Lumpur city centre through major redevelopment, then capitalise on demand for grade A office space complemented by a service retail facility and an upgraded business hotel. |
| Contact |
Brisco Fan
Kuala Lumpur |
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