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Alliance Properties is a
registered estate agency located at Wisma MPL, Jalan Raja Chulan,
Kuala Lumpur. The agency has a strong presence in Kuala Lumpur with a team of professionally qualified and licensed
negotiators, each having an extensive knowledge of the major
residential and commercial areas of Kuala Lumpur and surrounding
districts.
Wisma MPL, Jalan Raja Chulan
Wisma MPL is a commercial office building nestled along Jalan Raja
Chulan, Kuala Lumpur. It is a freehold office and shopping complex
that was developed and is fully owned by Malaysia Pacific
Corporation, formerly Weld Development, since its completion in
1973.
Wholly owned by Malaysia Pacific Corporation, Wisma MPL is only
available for leasing. They offer various sizes of lots ringing from
312 to 14,730 sf in built-up sizes. However, only two entire-floor
rental is available at the moment, they come is sizes of 14,730 sf
respectively. there are six high-speed elevators available for use
at the office tower, while the podium is serviced by a passenger
escalator and three pairs of escalators.
At the moment, there are several established tenants at Wisma MPL.
Among the offices taking root in the development are Hong Leong
Bank, Fuji Xerox, Korean Press and of course Malaysian Pacific
Corporation Berhad. Several office units come equipped with
partitions, carpets and glass doors. they come with no extra rental
charges. Wisma MPL also has its own food court, coffee shops and
restaurants in the building.
Located within the central business district, Wisma MPL is
surrounded by plenty of commercial buildings, high-end condominiums
and amenities. Among residential located nearby are The Manhattan,
Seri Bukit Ceylon, One Residency, 38 Bidara and recently completed
St Mary Residences. It is also on the the same row as Wisma Boustead,
Plaza See Hoy Chan, Wisma Goldhill and Menara Weld. The office
building is just a stone’s throw away Raja Chulan Monorail station.
Wisma MPL is easily accessible via Jalan Sultan Ismail and Jalan
Ampang. The road is accessible from Ampang Elevated Highway. The
three-storey car park can accommodate 527 cars at one time.
Alternatively, one can reach the vicinity via Raja Chulan Monorial
station. Those who prefer to use the Kelana Jaya line can take a
ten-minute walk to KLCC LRT Station.
Wisma MPL is just within 1 kilometer away from Bukit Bintang
shopping district, where one can shop at Sungai Wang Plaza,
Pavilion, Starhill Galery and Lot 10. There are also several 5-star
hotels nearby, such as Hotel Istana, Equatorial Hotel and Crown
Plaza Mutiara. It is also approximately 150 meters away from KL
Tower.
Property Details
Name: Wisma MPL
Address: Jalan Raja Chulan, 50200 Kuala Lumpur
Developer: Malaysia Pacific Corporation
Completion Date: 1973
Type: Retail Podium & Office
Tenure: Freehold
No. of Blocks: 1
No. of Storey
Retail Podium: 4
Office Tower 18
Car Park: 3
Built-up
Whole Building: 711,444 sf
Retail Podium: 1,000 – 2,000 sf
Office: 312 – 14,730 sf
Rental
Retail Podium: From RM4 psf
Office: From RM3.8 psf
Facilities
Covered car park
24-hour security
Internet broadband
Analysis
Wisma MPL has undergone several name changes since 1973. Initially,
it was ‘Wisma MPI’. Later it was changed to ‘Wisma HLA’ before
finally changing it to ‘Wisma MPL’. When it was built, Wisma MPL was
the largest shopping centre cum office building in the city. There
have been discussions on refurbishing Wisma MPL to make it more
contemporary. However, the plan is yet to come to fruition as it is
still in the negotiation process between Malaysia Pacific
Corporation Bhd and a foreign development fund company. The parties
are allegedly planning for an additional 57-storey office tower atop
of the yet-to-be refurbished commercial podium annexed to Wisma MPL.
The management company of Wisma MPL has allegedly gone through
several severe financial crisis and their failures are recorded
publicly. However, as of 2014, they are determined to put their best
foot forward and targeting to redevelop Wisma MPL. Alternatively,
they are planning to sell the building for RM320 million.
Go – KL City Bus, the free bus service in Kuala Lumpur city center,
stops in front of Wisma MPL. Those who are interested in using the
service have to check out the purple line route. The standard route
of its commute is from Jalan Sultan Muhamad to Bukit Bintang and
back to Jalan Sultan Muhamad. Therefore, it does stop at KL Heritage
Trail, KL Tower, Pavillion and Kota Raya.
Sources: www.propwall.my
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