|Your reporter in front of the towers|
This report comes from Kuala Lumpur, Malaysia where I visited the tallest 'twin towers' in the world, also known as Petronas Towers and KLCC. Petronas is the Malaysian government-owned gas and oil company.
Here I am crossing the road in front of the building - it took quite a long time as I am not a fast mover, despite being a property professional.
|Petronas Towers - the tallest twin towers in the world|
Tower One (which is the one of the right in the photograph) is fully occupied by Petronas itself with the office space in Tower Two being leased to other companies. These include blue chips: Huawei Technologies, Accenture, AVEVA, Al Jazeera English, Bloomberg, Boeing, IBM, Khazanah Nasional Berhad, McKinsey & Co, HCL Technologies, Krawler, Microsoft and Reuters.
The towers have 88 floors, are 1483 feet high (482 m) and were actually the tallest buildings in the world between 1998, when they were completed, and 2004, when Tapei 101 took over. Currently they are the 4th and 5th tallest buildings in the world. Accommodation area is 4,252, 000 sq ft (or 395,000 sq m) with floor plates of up to 1970 sq m net (21,200 sq ft) and floor to ceiling heights of 8 ft 8 in (or 2.65m). Rents are about 13 MYR per sq ft (equates to about £2.80 or between 70-86 MYR (about £16) per sq m)), although this is not based on very recent deals. Leases were originally for a fixed 15 year term back in 1998, so there should be some current renegotiation taking place now.
You may remember this property from a film called Entrapment, starring Sean Connery and Catherine Zeta Jones, where the Skybridge between the towers featured heavily. I didn't make it to view the development from the Skybridge - I couldn't reach the button for the lifts.
I am now on my way to Singapore slowly.