Special features of Menara PjH


  • Business
  • Monday, 29 Sep 2003

Property Talk: A weekly column by S.C. Cheah

WHERE can you find an office building that has a combination of the following: prestigious address, prime location, lakeside view, no traffic jams, lovely parks and high chances of bumping into top government officials? 

If you are a tenant of the north block of the RM150mil Menara PjH, the first commercial office building development in Putrajaya, you and your staff members will get to enjoy an office environment that probably no other offices in the country can offer. This development comprises two blocks, an eight-storey north block (currently open for lease to the public) and the south block (to be occupied by Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya). 

What makes Menara PjH so special is that it is within the Core Island where some of the new government buildings and departments are situated. These include the Finance Ministry, Domestic Trade & Consumer Affairs Ministry, and the elegant Palace of Justice. It lies directly opposite the Finance Ministry and overlooks a placid lake, the Prime Minister's imposing office and the Putra Mosque. 

It is also situated along the 4.2km long and 100m-wide Boulevard, the main road in Precinct 2. This boulevard was the venue of the recent National Day parade. The Core Island is considered the “jewel in the crown” of Putrajaya, the new federal administrative capital.  

The north block comprises 144,433 sq ft (13,418 sq m) of net office space. The gross floor area is 180,575 sq ft (16,776 sq m). A typical ceiling height is 2.7m. The office space has a raised floor system with chilled water temperatures. Rentals (inclusive of service charge) are around RM9 per sq ft (psf) for the ground floor and between RM4.50 psf to RM6 psf for the upper floors. Both rates are negotiable depending on the amount of space taken. 

The north block has an open-office concept with quality finishes and office infrastructure such as fibre optic cabling, IT rooms and vertical ducts at every level and raised floors to accommodate computer cabling on all upper floors.  

There is also provision for uninterrupted power supply, high capacity emergency power generator, six lifts serving all floors, additional service lifts from ground floor to canteen, and air-conditioning at any time served by two variable speed air handling units per floor. 

Developed by Putrajaya Holdings, the two “intelligent” buildings command lovely lake views with lush green landscapes.  

This development boasts a stylish post modernist architectural concept that projects an overall sense of strength, permanence and solidity. The buildings are finished with coloured granite. Features include raised floors, lakefront dining area, landscaped garden, secured underground parking, 24-hour security and CCTV monitoring. 

Putrajaya Holdings chairman Datuk Mohamed Hashim Hassan officiated at the naming of Menara PjH during a soft launch on May 29 this year. 

Although I had visited Putrajaya many times, my first visit to the Core Island late last month left an indelible mark. Several stately bridges link up to this man-made island.  

Companies that have offices at Menara PjH can boast a prestigious address and yet at a rental rate comparable to some Grade A office buildings in the city centre.  

There are several hotels in the vicinity. These include the Marriott Putrajaya, 152-room Renaissance Palm Garden Hotel (with 27-hole golf course), and the new 118-room Putrajaya Shangri-La Hotel, a five-star boutique resort hotel about 1km away.  

Regroup Associates Sdn Bhd (the exclusive marketing agent) associate director Paul Khong, who showed me around the development, pointed to the terraced landscaped gardens outside Menara PjH, saying that not many developers would allocate so much land and efforts to beautify a commercial project. 

Indeed, Menara PjH has a vantage point of the entire boulevard, especially the Prime Minister's office at one end and the Putrajaya Convention Centre at the other.  

Khong said 60% of the lettable office space had been leased out. Two banks have confirmed their tenancy on the ground floor while big corporations are currently in the final stages of negotiations to lease three other floors. Only three floors are available for lease: level 2 (multi-tenanted floor), level 5 and level 6 (both for single and dual tenants). The ground floor space comprises a banking hall, limited retail lots, cafe and office services. 

Putrajaya Holdings business development and marketing manager (commercial development division) Zamri Ahmad said a 350-room business-class hotel to be built next to Menara PjH was expected to be completed in 2006.  

He said the whole Core Island would be completed over the next one to two years. 

There are a few pieces of land along the boulevard for private sector companies to build their own corporate offices, according to Zamri, adding that the target market includes private sector firms such as legal firms, insurance companies, and MSC-related companies that want to have a presence in Putrajaya due to their extensive dealings with the government sector. 

Putrajaya Holdings was incorporated on Oct 19, 1995. Its shareholders comprise Petroliam Nasional Bhd (Petronas), Malaysia's national petroleum company with 64.4% equity; Khazanah Nasional Bhd (Ministry of Finance Inc), the investment arm of the Malaysian government with 15.6% equity; and Syarikat Nominee Bumiputra Pte Ltd, with 20% equity. 

About 40% of Putrajaya's 4,961ha of land are natural, lush greenery and botanical gardens filled with large bodies of water and wetlands. This “intelligent” garden city is projected to have resident population of 330,000 and a combined resident and workforce of up to 750,000 in 2010. A large hospital has been built in the vicinity. 

The Central Business district consists of the development of three precincts within the Core Island: Precincts 2, 3 and 4.  

Meanwhile, Putrajaya's first shopping mall, the one million sq ft Alamanda, is scheduled for opening next year. The two-storey mall in Precinct 1 will have two anchor tenants and 180 specialty shops. It will have a net lettable area of 700,000 sq ft. 

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