Najib launches Four Seasons Place Kuala Lumpur
30 Jan 2013 10:20pm
By Patsy Thomas (firstname.lastname@example.org)
KUALA LUMPUR – The Four Seasons Place Kuala Lumpur, whch is anticipated to open its doors to the public in 2016, had its official project launch officiated by Prime Minister Datuk Seri Najib Tun Razak tonight.
The launch revealed the design of the Four Seasons Place Kuala Lumpur, the first in South East Asia and the third in the world. The building is another addition to the fast growing centre of Kuala Lumpur. The brands expansion to Kuala Lumpur will play an important role in molding the country’s tourism sector into a luxury travel destination.
Fronting Jalan Ampang, the Four Seasons Place and Four Seasons Hotel Kuala Lumpur is manged by Four Seasons Hotel and Resorts. The 1.5 million square feet development will consist of over 300,000 square feet of luxury retail space with over 231 hotel rooms, hotel service apartments and residences.
The building is being built by Venus Assets Sdn Bhd, a firm controlled by Ipoh-born Ong Beng Seng, Tan Sri Syed Yusof Syed Nasir and the Sultan of Selangor Sultan Sharafuddin Idris Shah.
The signing of the agreement between Venus Assets Sdn Bhd and Four Seasons Hotels and Resorts Asia Pacific Pte Ltd during the launch marked the collaboration between both parties.
Initially, the project was due to be launched in 2007. It was however postponed due to the global financial meltdown and other setbacks.
Venus Assets later considered launching the project in 2008 with a 72-storey condominium block which was later reduced to a 60-storey and a 38-storey hotel building.
This plan was later aborted due to unforeseen circumstances. Venus Assets finally decided to build a 65-storey tower featuring condominium and hotel units.
Venus Assets is a company with 12 developments under its belt in Asia-Pacific and the Indian Ocean. In Malaysia, the properties include Casa del mar Langkawi, Casa del Rio Melaka, Concorde Hotel Kuala Lumpur, Concorde Hotel Shah Alam, Concorde Inn Kuala Lumpur International Airport, The Lakehouse in Cameron Highlands and Hard Rock Hotel Penang.
In a welcome adress by Tan Sri Datuk Syed Yusof he said that that the Four Seasons is an iconic development with a gross development value of RM2.8 billion.
He added that this would contribute in providing career opportunities for the people.
“It will also have a spiraling effect to other industries such as the suppliers, contractors, architects, engineers, lawyers and of course bankers, as this bodes well for the economy and nation,” said Datuk Syed.
Meanwhile, Datuk Seri Najib Tun Razak in his keynote address said that the development of the Four Seasons is significant as it is expected to benefit the country by providing jobs and opportunities in the construction and commerce sector.
“This project and many others like it, show that investors and developers alike recognise the underlying strengths in our economy,” said Najib.
Looking at the country’s Gross Domestic product (GDP) it has increased by many folds since the independence. Najib said despite the unfavourable global outlook, the country’s GDP had grown by 5.2 percent in the third quarter of last year.
“This trend is in keeping with the aims of the Economic Transformation Programme, the plan to raise our Gross National Income to USD 530 billion by 2020, and meet the World Bnk’s threshold for a ‘high income nation’ status,” added Najib.
Najib also said that with such development the government is in hope of placing Malaysia at the heart of the 21st century global economic infrastructure.
The event also saw the ground breaking ceremony by the Prime Minister.
The glitzy event was also graced by Sultan of Selangor Sultan Sharafuddin Idris Shah, Datin Paduka Sei Rosmah Mansor, Tan Sri Syed Yusof Syed Nasir, Tourism Minister Datuk Seri Ng Yen Yen, Yang Bahagia Datuk Ahmad Phesal Talib Mayor of Kuala Lumpur, Christopher Wong, Vice President of Four Seasons Hotels and Resorts and many other VIPs.