THE F&N bottling plant at Jalan Sungai Besi, which was one of the most prominent landmarks in Kuala Lumpur, is set to capture hearts again in its new form - the RM600mil Fraser Business Park.
The 8ha development has been carried out in three phases since two years ago. Buyers of Phase One of the development consisting of 80 units of five and six-storey shop/office blocks received keys on Thursday, five months ahead of schedule.
KL mayor Datuk Ruslin Hasan officiated at the handing-over ceremony, which was attended by F&N Holdings group chief executive officer Tan Ang Meng and properties division general manager Cheah Hong Chong.
Ruslin lauded the group for adhering to the guidelines of Kuala Lumpur Structure Plan 2020, which is the blueprint for guiding the city's development for the next 14 years.
“Fraser Business Park gives this area a vibrant look and feel, and will be the catalyst the area to become the city's next major commercial and leisure centre,” he said.
He said by 2020, Kuala Lumpur's population is estimated to increase from the current 1.4mil to 2.2mil and to address this, City Hall has embarked on inner city renewal programmes.
Ruslin said Jalan Sungai Besi was a far cry from its past. He recalled being involved in major cleaning activities including removing more than 3,000 bucket toilets in the area when he served at City Hall's Civil Department in the 1980s.
Cheah pointed out that the group had helped improve the surrounding road systems and provided land to widen the one-lane slip road from Jalan Tun Razak to the Sungai Besi roundabout.
He said the group had also proposed to beautify and improve basic amenities at the roundabout.
Cheah said Phase 2, scheduled for completion within 32 months, would feature a purpose-built IT hub set to be the region's largest electronic gaming and multimedia centre, a Techno Centre that has been sold to a Singaporean investor, as well as campus and hostel for Help University College.
He added that group would develop all F&N lands in the country, measuring 48.56ha in total, and would consider acquiring lands when necessary.