KUALA LUMPUR (Nov 21): From the get-go, Permodalan Nasional Bhd (PNB) has intended to develop the Merdeka 118 precinct as a global icon to reflect its aspiration and position as a global investment house.
The centrepiece of the 40-acre precinct is the Merdeka 118 Tower. The 118-storey tower measures 644m and is slated to be the second tallest tower in the world upon completion next year. It will have 83 floors of premium Grade A office space (net lettable area [NLA]: 1.7 million square feet), the 252-room Park Hyatt Kuala Lumpur, and an observation deck, The View at 118. PNB will move its headquarters there by the third quarter of 2022, taking up 17 floors, which is about 20% of the total office space. It will be the first company to move in.
Upon completion in 2026, the precinct will also consist of 118 Mall (a shopping mall with NLA of about 850,000 sq ft); Merdeka Boulevard at 118 (a four-acre landscaped public linear park); Look at 118 (an experience centre with a textile museum, gift shop, café and a dedicated lookout point on the rooftop for Instagram-worthy shots of Merdeka 118 Tower); Merdeka Residences (three premium residential towers); Little M (a PNB childcare centre) as well as Masjid Merdeka. These components will be completed in stages.
Read more about it in the latest issue of City & Country, which comes out with The Edge Malaysia weekly's Nov 22 edition.
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