UEM EDGENTA STREAMLINES ITS SERVICES – THREE CORE OFFERINGS ACROSS FOUR KEY SECTORS
Strong Position to Deliver Positive Results in 2017
KUALA LUMPUR, 25 May 2017 – UEM Edgenta Berhad (“UEM Edgenta” or “Company”) has re-organised its corporate structure and streamlined its services to three core offerings across four key sectors to optimally leverage on Company-wide capabilities, resources and to further create greater cross-functional efficiencies.
UEM Edgenta’s three core offerings are Consultancy which spans across, engineering design and consultancy, property and community consultancy, procurement and construction planning and management; Services where it provides integrated facilities management and engineering contracting services for a range of infrastructure assets and building types; and Solutions for the built environment, such as energy savings solutions, pavement solutions, geotechnical solutions, structural solutions and environmental solutions.
The above offerings are provided across the Company’s four key sectors i.e. Healthcare, Infrastructure, Real Estate and Water.
“The realignment is part of our effort to further showcase that we are a ‘Total Asset Solutions’ company, provide greater clarity especially to our current and potential customers of our true expertise and end-to-end services thus further enhancing our value to them,” said Azmir Merican, Managing Director/Chief Executive Officer of UEM Edgenta at a press conference held after the Company’s 54th Annual General Meeting.
On the Company’s 2017 outlook and plans for each of its four key sectors, Azmir said that with the Healthcare Sector, UEM Edgenta will expand its healthcare business and drive cost efficiencies via new technology application. It will continue to focus its operations in Malaysia, Singapore and Taiwan in the healthcare market as potential for growth in all three countries are bright with ample opportunities for cross-selling, insourcing value added services and providing more non-clinical healthcare support services.
With regards to the Company’s Infrastructure Sector, it will among others work towards implementing a new contracting and service delivery model approach to road and highway maintenance, one that will bring greater benefits to not just project owners but also contractors and road users.
“Under the new contracting approach, our fees will be linked to performance thus guaranteeing our customers a certain level of service and maintenance standards while providing contractors the flexibility to achieve those outcomes hence motivating the use of more efficient and cost-effective methods.
“We plan to develop our business in Indonesia via our local subsidiary PT Edgenta Propel, an entity that is currently maintaining the Cikampek-Palimanan toll road in West Java. Moving forward, PT Edgenta Propel will provide management consultancy and advisory services related to management of roads and toll roads,” said Azmir.
For 2017, UEM Edgenta will also be ramping up service offerings and capabilities of its Real Estate Sector, particularly Township Management Services, which at present is managing 20 residential and commercial buildings in Iskandar Puteri, Johor.
“We’re currently developing lower cost, offsite and process driven management solutions particularly for mid-range townships and we’re aiming to take this service and our solutions beyond the Iskandar region.”
Water Sector is the fourth key area and the Company via the technical capabilities of its subsidiary Opus International Consultants Ltd. will focus on expanding its wastewater and asset management practices. At present, it provides collaborative design and advisory services for wastewater, storm water and water treatment projects for urban and rural environments.
According to Azmir, to gain efficiency across its operations, UEM Edgenta will continue to use technology enablers, develop smart solutions and make full use of the Company’s Command and Contact Centre (CnC), a centralised monitoring facility that track assets in real time and a centre for data intelligence as well as analytics for Internet of Things (IoT) and Ambient Intelligence.
“With CnC, we are able to offer our customers reduced redundancies and operational expenditure as automation and remote controlling eliminates the need for much routine preventive maintenance; fewer breakdown in equipment which leads to longer asset lifecycle; and the ability to remotely track performance of energy in a building.
UEM Edgenta have also formed a partnership with Microsoft Malaysia (Microsoft) to further develop its Smart Facilities Management Solution based on Microsoft’s Azure IoT Hub and Machine Learning which is set to transform the Company’s business model, products and service delivery.
UEM Edgenta, recorded a strong financial start to 2017 with revenue increased by RM117.2 million or 18.0% to RM769.0 million and Profit Before Tax improved by RM20.7 million or 78.0% to RM47.2 million in the Q1 2017 compared to corresponding quarter 2016.
“We are very clear in what we have to do and where we’re headed. While the global economy has yet to pick up significantly this year, the four sectors we’re focusing on are those deemed resilient. We’re optimistic we are able to continue deliver positive results this year,” added Azmir.
UEM SUNRISE’S SERENE HEIGHTS BANGI MIXED-TOWNSHIP DEVELOPMENT IS ON TRACK TO COMPLETION WITH POSITIVE TAKE-UPS
Phases 1, 2 and 3 have progressed as scheduled with a total of 436 residential units close to completion
All three phases have received positive take-ups, with Acacia (Phase 1) being 100% sold, Begonia (Phase 2) being 78% sold, and Camellia (Phase 3) being 88% sold
BANGI, SELANGOR: 23 May 2017 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, is pleased to announce that its mixed-township development Serene Heights Bangi has progressed as scheduled, with a total of 436 residential units from all three phases, namely Acacia, Begonia and Camellia, being close to completion. As of end April 2017, progress of the three phases stood at 99% for Acacia (Phase 1), 98% for Begonia (Phase 2), and 70% for Camellia (Phase 3).
Serene Heights Bangi has received strong take-up rates since its initial launch in June 2015.
Phase 1 – Acacia, which comprises 121 double-storey terrace houses, was launched in June 2015, and received overwhelming response with all 121 units snapped up in two days. The precinct, which sits on 11.05 acres of land has a Gross Development Value (“GDV”) of RM73.2 million. The Acacia homes come with land lots sized at 22’x70’ each, and are priced from RM550,800 for intermediate units (2,143 sq ft); RM645,800 for end lot units (2,221 sq ft); and RM919,800 for corner lot units (2,837 sq ft).
Phase 2 – Begonia, which comprises 153 double-storey terrace houses, was launched in November 2015. Begonia has received good traction, with more than 50% of the units sold even before its launch. Current take-up rate stands at 78%. The precinct, which sits on 15.4 acres of land has a GDV of RM107.6 million. The Begonia homes come with land lots sized from 22’x70’, and are priced from RM636,800 onwards for intermediate units (2,204 sq ft); and RM739,800 onwards for end/corner lot units (1,803 sq ft to 2,821 sq ft). The 22’x75’ lots are priced from RM677,800 onwards for intermediate units (2,347 sq ft); and RM781,800 onwards for end/corner lot units (2,380 sq ft to 2,756 sq ft).
Phase 3 – Camellia, which comprises 162 units, was launched in August 2016. This third phase is slightly different from Acacia and Begonia, as Camelia offers an additional category of houses – Houses categorised as ‘Extra Corner’. Camellia comes with three different sizes: 22’X70’ for intermediate units, and 24’X70’ and 26’X70’ for corner units. Price ranges from RM590,800 to RM992,800. Camellia has a GDV of RM106.7 million, and current take-up stands at 88%.
The Acacia, Begonia and Camellia precincts are part of the overall 448-acre Serene Heights Bangi mixed-township development with a total GDV of RM3.4 billion. The nature-inspired Serene Heights Bangi development is expected to take approximately 10 years to complete.
Commenting on the progress and performance of the Serene Heights Bangi development, UEM Sunrise’s Chief Operating Officer, Development, Dato’ Roslan Ibrahim said, “We are delighted to announce that our Serene Heights Bangi development is right on schedule, and that the first three phases have received positive take-ups. We are excited to deliver these quality homes to our customers, and look forward to introducing a number of complementary facilities to provide added convenience to the community which is part of the development’s masterplan namely; a 25-acre Creekside Parkland, the largest green zone within Serene Heights Bangi that features a winding 1.3km long waterway, a 3.5km long cycling and jogging track, as well as lush, landscaped spaces. Themed playzones can be found along the Creekside Parkland, where one can enjoy traditional games such as Hopscotch, Takraw, Gasing and Congkak. In addition, unique recreational parks such as Wellness Garden, Leisure Garden and Serene Lakepark allow residents to reconnect with nature for relaxations.”
Dato’ Roslan added, “UEM Sunrise remains committed to developing Serene Heights Bangi into a sustainable and thriving community. With our strong track record in building sustainable communities that add value to the lives of those within our built environment, I am confident that our residents here will happily call this place home.”
Also present at the briefing to the media on the latest updates of Serene Heights Bangi were Pam Loh, Chief Marketing Officer of UEM Sunrise and Zulkifly Garib, its Project Director Central 1.
To know more about Serene Heights Bangi development, please visit the Sales Gallery at Persiaran Serene, Serene Heights, 43500 Semenyih, Selangor (find ‘Serene Heights’ on Waze or GPS Co-ordinates: N 2° 55’ 0.66”, E 101° 49’ 1.17”) or alternatively, please call the Customer Care at 1-800-888-008.
UEM EDGENTA RECORDS STRONG START TO 2017
Double Digit Growth in Q1 2017 – Revenue Up by 18.0% and PBT Increased by 78.0%
KUALA LUMPUR, 22 May 2017 – UEM Edgenta Berhad (“UEM Edgenta” or “Company”) recorded a strong financial start to 2017 as revenue increased by RM117.2 million or 18.0% and Profit Before Tax (PBT) improved by RM20.7 million or 78.0% in the First Quarter 2017 (Q1 2017) compared to corresponding quarter 2016 (Q1 2016).
UEM Edgenta’s revenue for current quarter is RM769.0 million versus RM651.8 million recorded in the corresponding quarter last year. The Company’s PBT in Q1 2017 is RM47.2 million compared to RM26.5 million in Q1 2016.
The increase in revenue is mainly contributed by its Healthcare Services Division, which recorded higher revenue by RM115.7 million led by contribution of its subsidiary, Asia Integrated Facility Solutions Pte. Ltd. (AIFS, which owns UEMS Pte. Ltd.) acquired by UEM Edgenta in December 2016.
Its Consultancy Division also registered an increase in revenue by RM17.8 million during the same period and this was mainly due to, among others higher revenue from the strong performance from Opus International Consultants Ltd. Its Real Estate Services Division also posted better revenue in Q1 2017 by RM32.1 million due to positive contribution of subsidiary, KFM Holdings Sdn Bhd (KFM).
In comparison to preceding quarter (Q4 2016), UEM Edgenta’s Q1 2017 revenue of RM769.0 million declined by 10.3% or RM87.9 million lower than Q4 2016 revenue of RM857.0 million. Typically, the Company’s revenue in Q4 is higher compared to Q1 and other quarters given the nature of infrastructure related projects and maintenance works. However, the Company’s PBT recorded in Q1 2017 of RM47.2 million is higher by RM26.9 million or more than 100.0% versus Q4 2016, due to improvement in Healthcare Services Division and Consultancy Division performance.
“The higher revenue recorded in Q1 2017 resulted in us posting an increased in our PBT which is led by our Healthcare Services Division as well as Consultancy Division and Real Estate Services Division.
“We are pleased that our strategy for strengthening the Healthcare Division and introduction of Real Estate Services is delivering results as seen in our performance in Q1 2017.
“The acquisition of AIFS and KFM has resulted in UEM Edgenta being able to grow our business and expand our capability as well as geographical presence. Our Real Estate Services business is also beginning to yield positive results,” said Azmir Merican, Managing Director/Chief Executive Officer of UEM Edgenta.
He further added that the positive financial outlook for UEM Edgenta in 2017 will be led by the Company’s Consultancy Division, and contribution from AIFS, KFM as well as its Real Estate Services Division particularly, Township Management Services.
THREE-PRONGED APPROACH TO ENHANCE UEM SUNRISE’S BUSINESS AND ENSURE SUSTAINABLE LONG TERM GROWTH
KUALA LUMPUR, 18 May 2017 – Following its Ninth Annual General Meeting (“9th AGM”) today, UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) remains committed to its three-pronged strategy to sail through the downturn in the property market, enhance its business and ensure sustainable long term growth. Moving ahead, the Company will focus on three priorities. The first is to strengthen its reputation as a value-driven developer, the second is to nurture a service-oriented culture within the organisation, and the third is to diversify its geographical base and adjacent businesses.
Despite the soft economic landscape and stricter lending environment, there remains pockets of opportunity for UEM Sunrise to create value and meet changing market demands. For example, in 2016, the Company leveraged its existing landbank to develop double-story terrace houses in both the Southern and Central regions to meet increased market demand for mid-market landed properties.
In doing so, UEM Sunrise was able to achieve a healthy take-up rate for the properties, which boosted Group revenue for the financial year ended 31 December 2016 (“FY2016”) to RM1.8 billion, a 5.2% increase compared to the previous year. The Company has also exceeded its sales target of RM1 billion for the year, hitting sales of RM1.36 billion, 37% higher than its revised target.
Although profit after tax and non-controlling interest (“PATANCI”) dropped to RM147.3 million, mainly due to lower contribution from other income and share of results of joint ventures and associates, UEM Sunrise ended the year on a strong financial footing, with RM4.1 billion in unrecognised revenue, providing resilient earnings’ visibility for at least the next two to three years.
Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise said that he is pleased with the results despite having taken a more conservative approach in the current challenging market. He attributes the Company’s resilience to its ability to adapt quickly and create products suited for the current market, and its strong and active engagement with customers.
“Companies need to constantly review their business offerings against market demands, and tailor their business streams accordingly in order to provide the best service to their customers. To this end, we made a strategic decision to postpone a number of our launches given the weak market sentiment, including the launch of our international high-rise project on St Kilda Road, Melbourne, Australia. As a result, we were able to revamp the entire development plan to collaborate with world-renowned Zaha Hadid Architects to generate higher value.”
Anwar added that the Company also chose to focus on affordable and mid-market developments, which remained the most popular property choice among Malaysian buyers. As a result, the Company successfully introduced close to RM560 million worth of mid-market properties, which included Melia Residences in Gerbang Nusajaya and Camellia in Serene Heights Bangi. These properties were all well-received by the market, and enjoyed high take-up rates.
The company announced on 17 May 2017 its financial results for the first quarter ended 31 March 2017 (“Q1 2017”) where total revenue achieved for the period increased to RM541.8 million as compared to RM257.8 million recorded for the first quarter in 2016 (“Q1 2016”). PATANCI stood at RM61.3 million in Q1 2017 compared to RM3.0 million recorded in Q1 2016.
Strong property development activities translated to the results with total property development revenue of RM500.3 million achieved for the quarter compared to RM230.3 million in Q1 2016. Projects in the Central region contributed the highest; 41% of the property development revenue, mainly from Residensi22 in Mont’Kiara followed by 35% from the Southern region largely backed by Teega in Puteri Harbour. Aurora Melbourne Central and Conservatory both in Melbourne, Australia contributed the remaining 23%. Unrecognised revenue as at 31 March 2017 stood at RM3.7 billion compared to RM4.7 billion as at 31 March 2016.
On UEM Sunrise’s strategy moving forward, Anwar said, “We recognise that customer experience is crucial to building our brand value, and so we will continue to focus on creating a customer-centric mindset within the organisation. We want to engage our customers more and to do more to keep them happy. This means we will not only be bringing new quality developments that will enhance the lives of residents to the market, but we will also continually review our completed developments to find ways of further improving and fine-tuning them.”
UEM Sunrise is also planning to diversify its geographical base and product offerings by venturing into both the mid and exclusive property markets. The Company has products in Malaysia that are ready to be launched in 2017 namely Dahlia in Serene Heights Bangi; Solaris Parq Residences in Solaris Dutamas, Kuala Lumpur and Serimbun in Bukit Indah, Johor.
On the international front, the Company is planning to launch its third development in Melbourne, Australia – Mayfair, St Kilda Road, in the second half of 2017. Mayfair, which targets an equal mix of local and foreign buyers from the ultra high-end market, is designed by Zaha Hadid Architects.
These developments are part of the RM1.7 billion pipeline of projects that UEM Sunrise is planning to launch in 2017. The Company’s sales target for this year is RM1.2 billion. These launches will contribute to the future cash flow of the Company, and enable it to strengthen its position as a reputable developer.
Anwar explains that geographical diversity will help reduce the Company’s market risk and strengthen its revenue profile. As such, UEM Sunrise will continue to explore acquisitions of more land banks in Melbourne where it has performed well, as well as other parts of Australia and international spaces that fit its brand profile.
In concluding, Anwar reiterated that, “UEM Sunrise understands the current climate and trends, and will continue to work hard to navigate the challenges to our best ability and leverage any opportunities we find. I am confident that our three-pronged approach of strengthening our reputation as a value-driven developer, nurturing a service-oriented culture, and diversifying our geographical base, will put us in good stead to build a sustainable and profitable business for the long term. Despite the current market challenges, we remain steadfast in our vision and commitment to deliver sustainable communities that will enhance the lives and quality of living within our built environment.”
TAN SRI DATO’ SRI ZAMZAMZAIRANI APPOINTED CHAIRMAN OF UEM SUNRISE
KUALA LUMPUR, 17 May 2017 –The Board of Directors ofUEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has appointed Tan Sri Dato’ Sri Zamzamzairani Mohd Isa as the Company’s new Chairman effective 18 May 2017 after the conclusion of the Ninth Annual General Meeting to be held on the same day.
The appointment of Tan Sri Dato’ Sri Zamzamzairani as UEM Sunrise’s Chairman follows the retirement of Tan Sri Dr. Ir. Ahmad Tajuddin Ali who assumed the position in September 2008.
A respected and well-known corporate figure, Tan Sri Dato’ Sri Zamzamzairani’s vast experience in the telecommunications industry spans more than 30 years, beginning in Telekom Malaysia Berhad (“TM”) where he served for 13 years before assuming key positions in several multinationals such as Global One Communications and Lucent Technologies (Malaysia) Sdn Bhd, where he was Chief Executive Officer. In 2005, he returned to TM as Senior Vice President, Group Strategy and Technology and was promoted to Chief Executive Officer, Malaysia Business, before being appointed as the Group Chief Executive Officer and Managing Director in April 2008 until his retirement from TM on 30 April 2017.
Tan Sri Dato’ Sri Zamzamzairani, 56, holds a Bachelor of Science in Communications Engineering from United Kingdom and had completed the Corporate Finance, Strategies for Creating Shareholder Value programme at Kellogg School of Management, Northwestern University, United States of America. He also attended the Strategic Leadership Programme at the University of Oxford’s Saïd Business School and the IMD CEO Roundtable at Lausanne, Switzerland in 2013.
Under his leadership, TM launched and successfully rolled out the high speed broadband service in 2010, in a historic collaboration with the Government of Malaysia. He was awarded the Business Person of the Year 2015 at the Asian Academy of Management International Conference, organised by Universiti Sains Malaysia in October 2015.
He was also named CEO of the Year 2015 at the Minority Shareholder Watchdog Group’s Annual Corporate Governance Awards ceremony held in December 2015. Recently, he was conferred a special individual award for ‘Outstanding Contribution to the Industry’ at the 2017 Frost & Sullivan Malaysia Excellence Awards and accorded the prestigious Telecom CEO of the Year at the 20th Telecom Asia Awards 2017.
UEM SUNRISE ANNOUNCES REVENUE OF RM541.8 MILLION FOR Q1 2017
Revenue Jumps by 110% Compared to Q1 2016 Supported By Strong Property Development Activities
KUALA LUMPUR, 17 May 2017 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the first quarter ended 31 March 2017 (“Q1 2017”) where total revenue achieved for the period increased to RM541.8 million as compared to RM257.8 million recorded for the first quarter in 2016 (“Q1 2016”). Profit After Tax and Non-Controlling Interest (“PATANCI”) stood at RM61.3 million in Q1 2017 compared to RM3.0 million recorded in Q1 2016.
Strong contribution from property development segment translated to the results with total property development revenue of RM500.3 million achieved for the quarter compared to RM230.3 million in Q1 2016. Projects in the Central region contributed the highest; 41% of the property development revenue, mainly from Residensi22 in Mont’Kiara followed by 35% from the Southern region largely backed by Teega in Puteri Harbour. Aurora Melbourne Central and Conservatory both in Melbourne, Australia contributed the remaining 23%. Unrecognised revenue as at 31 March 2017 stood at RM3.7 billion compared to RM4.7 billion as at 31 March 2016.
Property development sales for the quarter was RM169.4 million, 40% of which was contributed by projects in the Southern region mainly from Melia Residences, Estuari Gardens and Denai Nusantara while 37% from the Central region predominantly from Serene Heights Bangi, Residensi Sefina in Mont’Kiara and Symphony Hills in Cyberjaya; and the remaining 23% was from International projects led by Conservatory followed by Aurora Melbourne Central.
Commenting on the financial results, Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise said, “We are very pleased with the results. Our performance for this quarter has exceeded the performances of the first quarters of 2016, 2015 and 2014 in view of strong progressive billings. The construction progress of Arcoris in Mont’Kiara is advancing well with completion close to 92% as at end of April 2017. Progress from Aurora Melbourne Central and Conservatory have also improved. As for Teega at Puteri Harbour, we have completed the construction of the entire three towers in February and are in the midst of handing over 48 office units and 1,225 residential units in stages.”
In addition to property development activities, the Company also plans to unlock the value of its land and maximise profitability through the disposal of selected lands focusing on the Southern Industrial & Logistics Clusters (“SILC”) Phase 3 in Iskandar Puteri, in addition to several other pocket lands. In February 2017, the Company disposed 4.1 acres of land in SILC Phase 3 to Hong Kong-based Crown Worldwide Group for RM16.3 million while in March 2017, it disposed 7.5 acres of pocket land in Iskandar Puteri to a Johor-based company for RM14.0 million. The Company has also decided not to pursue the development of its land in Alderbridge in Richmond, Canada and consolidate its efforts and focus on developments in Malaysia and Australia instead. “Keeping that in mind, we made a conscious decision to dispose the 4.9-acre land to a Canadian-based company, South Street Development Group, for a cash consideration of CAD113.0 million or RM372.6 million. The agreement was signed in March 2017 with expected completion in the third quarter of 2017,” pointed out by Anwar.
“We expect 2017 to be another challenging year. However, we feel that genuine buyers continue to be on a lookout for affordable and mid-market residences at attractive price points. Among mid-market products we plan to launch in 2017 is another phase of Serene Heights Bangi, Phase 1B1 otherwise known as Dahlia comprising 170 units of double-storey terrace homes towards the end of this month with a starting gross price of RM585,800 per unit and a new development called Serimbun, near Bukit Indah in Iskandar Puteri, a total of 219 units of double-storey terrace homes tentatively in the fourth quarter of 2017”.
The Company also targets to launch a mixed-use development project known as Solaris Parq Residences in Solaris Dutamas in the second half of 2017.
On plans to increase presence in the Central region, “We are currently exploring several opportunities to increase our landbank in the Central region. We are hopeful of securing at least one of these sites in this financial year and will make the relevant announcements in due course.”
Touching on the progress of its International projects, “We are working very diligently to ensure that the completions of Aurora Melbourne Central and Conservatory are in accordance with our targeted timeline as these two projects are the key contributors over the next two years. We hope to deliver the first deck of Aurora Melbourne Central comprising 16 office units, two floors of retail and 210 residential units towards the end of 2018, followed by the remaining two decks comprising a total of 749 residential units in 2019, a total gross development value of AUD630.0 million. The serviced apartment component was sold to the Ascendas Australia Hotel Trust for a cash consideration of AUD120.0 million in December 2015. Completion is slated to be in the fourth quarter of 2019. Similarly, for Conservatory with gross development value of AUD317.4 million; we expect completion to be in 2019. We also plan to launch our project on St Kilda Road, Melbourne tentatively in the fourth quarter of 2017. To be known as Mayfair, the luxurious apartment tower will include penthouses at the top levels and a Michelin star restaurant on the ground level,” he continued.
UEM SUNRISE IN PARTNERSHIP WITH FOSTER + PARTNERS PRESENTS ARCORIS MONT’KIARA
KUALA LUMPUR, 12 May 2017 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, is pleased to present its signature integrated development, Arcoris Mont’Kiara.
Arcoris Mont’Kiara is a multi-award winning mixed-use commercial high-rise development located at the exclusive global cosmopolitan enclave of Mont’Kiara, Kuala Lumpur. Highly regarded as the new address for the world citizen, the development will be the community epicentre of Mont’Kiara, uniting the communities living within it as well as around it.
Arcoris Mont’Kiara comprises five integrated components and a Gross Development Value of RM1.2 billion. The design of this revolutionary development project was undertaken by Foster + Partners, an internationally-acclaimed London-based global architecture and design firm, which has a solid track record of designing various architectural masterpieces in 75 different countries.
The partnership between UEM Sunrise and Foster + Partners marks the two companies’ commitment to uphold a global standard of excellence for developing projects the likes of Arcoris Mont’Kiara.
Arcoris Mont’Kiara is testament to the value of successful global collaborations for the long-term development of the community as it showcases the design proficiency of Foster + Partners as well as UEM Sunrise’s expertise in delivering sustainable developments that contributes to the holistic development of the community.
The project handover will commence from mid May 2017 in batches.
To mark the final stages of completion, a media briefing was organised today attended by Anwar Syahrin Abdul Ajib, Managing Director/Chief Executive Officer of UEM Sunrise and Jonathan Parr, Partner/Deputy Head of Studio for Foster + Partners.
Commenting on the project, Anwar said, “The success of Arcoris Mont’Kiara is made possible, thanks to Foster + Partners whom we are privileged to collaborate with for this development. They have lent invaluable experience and knowledge to help create Arcoris Mont’Kiara that is set to change the landscape of Mont’Kiara. Their contribution will go a long way in enhancing the living environment for the various communities in the area.”
Jonathan Parr said, “Mont’Kiara is fundamentally different to the established models of development in Kuala Lumpur. It offers a new alternative to the tower block with a low-rise form that emphasises its connection with nature. Lined with shops and restaurants, the central landscaped space gives the development its unique character with green public terraces that follow the natural contours of the site from east to west. The apartments prioritise both views and spatial variety, with generous private and communal terraces throughout. Each home has been designed flexibly so that the interiors are fully customisable, allowing a sense of individuality and choice.”
“We are excited to have collaborated with UEM Sunrise, a company that shares our values and vision of sustainability in design. As an architecture and design firm with a strong sustainability practice, we wanted to integrate nature into the design of Arcoris Mont’Kiara through the preservation of the natural contours of the site and the creation of public green terraces and green spaces,” he added.
The design of Arcoris Mont’Kiara is unique to itself, and fundamentally different to the established models of development in Kuala Lumpur. In addition to public green terraces which follow the natural contours of the site from east to west, Arcoris Mont’Kiara offers a low-rise tower block to maintain a closer connection with the natural surroundings. The apartments boast spatial variety, offering generous private and communal terraces. Each home has also been designed to allow residents to fully customise their respective interiors according to their preferences.
Residents will also enjoy a full suite of amenities at Arcoris Mont’Kiara as it is an integrated development comprising five unique components spanning across business and home office suites, serviced residences as well as retail spaces.
Arcoris Suites - Designed to house business ventures, it offers 262 commercial office spaces from 700 sq ft to 850 sq ft each. All units were sold out within two weeks when it was first launched in October 2011.
Arcoris Soho - Targeted at budding families as well as individuals who have the flexibility to work from home. The development component is made up of 366 residential units with sizes ranging from 500 sq ft to 1,000 sq ft. To date, it has been fully taken up.
Arcoris Residences - Targeted at larger families, it comprises 331 residential units with sizes ranging from 850 sq ft to 2,000 sq ft. It was first launched in 2012 and 99% has been sold to date.
Hyatt House - A viable option for business travellers seeking accommodation for their mid to long term stay at Mont’Kiara. This is Mont’Kiara’s first international hotel and will be operated by the internationally renowned Hyatt brand. 4
Arcoris Plaza - Residents and visitors can enjoy a wide array of retail operations throughout the plaza boulevard, ranging from F&B outlets to alfresco restaurants, wellness centres and convenience stores.
Further announcements for Arcoris Plaza and Hyatt House will also be made within the next several months.