Menara CMY (also known as Wisma CMY) is located along Jalan Ampang, a popular nightspot of Kuala Lumpur. Strategically situated at the intersection of Jalan Ampang and Jalan Mayang, the office tower boasts prime frontage and key exposure to traffic. Right across Menara CMY is Avenue K, another hip shopping haven for locals and tourists alike. And the iconic Petronas Twin Towers or KLCC is just 7 minutes walking distance along with other popular businesses, hotels, banks, restaurants and clubs. Menara CMY was previously Menara Kemayan, which belonged to KCB Group who purchased the building in 1985 for RM44.08 million or RM517 psf. Struggling to pay off debts, KCB Group released the building and Datuk Chua Ma Yu (Waterfront Assets) better known for founding RHB Group, then paid a worthy RM34 million in 2005 for the building. An additional RM5 million was later spent on refurbishing the entire property. Menara CMY stands 15 storeys high, has 3 high speed lifts, centralized air conditioning, is fibre optic ready, complete with under floor trunking system, broadband internet and more. Parking is aplenty with indoor and outdoor bays to serve the many offices there along with 24hr security. Telco providers for the area are Maxis, Telekom and Time.
Property Details
Name: Menara CMY (also known as Wisma CMY) Address: Jalan Ampang, 50450 Kuala Lumpur Completion Date: 1985 Type: Commercial, Office Building (rent only) Tenure: Freehold No. of Storey: 15 Land Area: 23,013 sf Built-up: 2,000 – 5,000 sf Total Lettable Area: 85,350 sf Subsale Price: RM400 psf Rental: RM4.00 – RM6.00 psfFacilities
Covered parking with additional outdoor (uncovered) parking 24-hour security Centralized air conditioning Under floor trunking system Broadband internet access 3 high speed liftsAnalysis
Menara CMY is indeed located in the golden triangle and heart of Kuala Lumpur. It was given a new lease on life when it was taken over by Datuk Chua Ma Yu, who recently developed the new One KL residential masterpiece just minutes away (within the KLCC area). And having spent over RM5 million on refurbishing the building, it is now up against upcoming prestigious developments like the Four Seasons Place. Traffic along Jalan Ampang as we all know, is heavy but serves as the interconnecting thoroughfare for various parts of KL. Rental has gone up from RM4.00 per sq ft to RM6.00 per sq ft, but it is certainly not the most expensive office space to let within the KLCC area. Menara CMY is considered a prime office location with a business address that spells success.
