UEM Sunrise, through Sunrise Innovation Sdn Bhd (SISB) is to undertake a mixed-use development project on MCOBA’s 2.65-acre land located along Jalan Syed Putra in Seputeh, Kuala Lumpur
Under the agreement, SISB will redevelop the land where the existing MCOBA Building is located and deliver to MCOBA a new office building and a banquet hall with a capacity for 1,200 people. SISB will also develop two blocks of serviced apartments together with other supporting facilities with the total initial estimated Gross Development Value for the project being in excess of RM750 million. Targeted mainly to owner occupiers, especially families from the surrounding areas, the unit sizes to be offered will range from 102m² to 139m².
UEM Sunrise MD/CEO, Anwar Syahrin Abdul Ajib, said: “We are very excited to embark on this synergistic venture with MCOBA. Seputeh is a mature residential neighbourhood, connected to Kuala Lumpur city centre and other urban areas through Jalan Syed Putra. MCOBA land’s strategic location will appeal to city dwellers due to its proximity to amenities and commercial hubs such as Mid Valley City and KL Sentral. Being centrally located and with easy access to surrounding hotspots, the development will become a new landmark in the area.”