KL Sentral redevelopment offers prime opportunity for MRCB's commercial expansion

KUALA LUMPUR: The redevelopment of KL Sentral Station on a private-finance-initiative (PFI) basis with Malaysian Resources Corp Bhd (MRCB) at a cost of more than RM1bil is a well-timed chance to enhance the company’s commercial presence in a prime and strategic area, according to Hong Leong Investment Bank (HLIB) Research.

“We view this as a timely opportunity to expand MRCB’s commercial exposure in a prime and strategic location. From what we gather, demand has been strong historically, with residential developments seeing take-up rates of 85% and above,” the research house said.