Building up to an impressive investment

(From left) Sheriff, Davoren, Karunakaran, Mohaiyani, Johan, Cheah and Lo at the topping-off ceremony for Menara Etiqa.

A TOPPING-off ceremony marked an important milestone in the construction of the 38-storey Menara Etiqa in the heart of Bangsar, Kuala Lumpur.

The office building developed by Etiqa Insurance Bhd, which is the insurance arm of Maybank, is scheduled to be ready by July 31 next year.

Present at the event were Maybank chairman Datuk Mohaiyani Shamsudin, Maybank Ageas Holdings Bhd chairman R. Karunakaran, Bangsar Land Development board oversight committee chairman Datuk Johan Ariffin, Savills Malaysia chairman Datuk Christopher Boyd, Turner Construction president and chief executive officer Peter J. Davoren, Turner International president and chief executive officer Abrar Sheriff, Grand Dynamic Builders Sdn Bhd managing director Cheah Ham Cheia and executive director Alexander Lo Tzone Leong.

“Etiqa embarked on this project as part of our core business strategy to optimise the long-term sustainable returns of our valued customers by diversifying our investment assets to include real estate.

He praised Turner, the project management consultant, and its main contractor, Grand Dynamic Builders, for being ahead of schedule in the construction process and operating on a budget lower than forecast.

“We are pleased that enquiries from interested parties are already coming in despite the building not being completed yet,” he added.

Menara Etiqa is accessible via dual entrances – Jalan Bangsar and Jalan Bangsar Utama 1 – and offers approximately 380,000sq ft for lease with subdivided suites of varying sizes.

There is ample parking for tenants and proposed amenities include a kindergarten, food court, gym, café and restaurant.

Located a stone’s throw from the development is an array of dining options, supermarkets and shopping malls.

The building’s design reflects a focus on the needs of occupiers based on current workspace demands while also placing importance on green conservation.

Etiqa has gone the extra mile in ensuring a green building in its bid to achieve dual green building accreditation – Green Building Index (GBI) Gold rating and GreenRE Platinum rating.

Green features that ensure high-energy efficiency such as reusing power generated by lifts for other electrical systems and providing rainwater harvesting to reduce water usage have been incorporated into the building’s specification.

Source: The Star