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Thursday October 21, 2010

Bangunan MAS to be upgraded

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is planning to upgrade Bangunan MAS into a Grade A++ office building and a new five-star hotel apartment block will be added on the site, said president and group chief executive Tan Sri Hamad Kama Piah Che Othman yesterday.

PNB bought the 35-storey building on Jalan Sultan Ismail from Malaysia Airlines (MAS) three years ago for RM130mil.

Hamad said the former MAS headquarters would be refurbished and leased out for recurrent income.

It is believed the hotel will have world-class standards and will be operated by a professional hotel group.

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