Centrepoint

Centrepoint is a commercial centre that comprises of two 19-storey office towers. Completed in 2007, the towers were named Centrepoint North and South. Located on Jalan Lingkaran Syed Putra at Mid Valley City, the towers boast a combined 450,000 sf of lettable space amidst rows of retail shop-offices, shopping malls, and hotels all within this mixed development of Mid Valley City. This huge commercial development which includes The Gardens North and South Towers, The Gardens Hotel and Residences and The Gardens Mall are all built by IGB Corporation. Centrepoint South was actually completed first and was designed as open-plan office spaces for corporate offices. Each floor can house up to four offices suites and sizes of offices range from 3,000 sf to 13,000 sf spaces. Centrepoint North was completed three months later as multiple small offices for executive suites. Each floor can house up to twelve executive suites and range from 700 sf to 1,350 sf of office spaces. Both towers are 20 storeys high architectural majesty of metal, concrete and glass curtain walls each with their own designer lobbies and state-of-the-art security features.

Property Details

Name: Centrepoint

Address: Jalan Lingkaran Syed Putra, 59200 Kuala Lumpur

Developer: IGB Corporation

Completion Date

South Tower – February 2007

North Tower – May 2007

Tenure: Freehold

Type: Commercial Office

No. of Storey: 19 floors (both towers)

Land Area: 50 acres (entire development)

Lettable Area: 450,000 sf

Built-up: 700sf – 13,000sf

Rental: From RM5.00 psf (unfurnished) - RM5.80 psf (renovated / semi-furnished)

North Tower: from RM5,800 (instant suites) - RM13,750 (2,500 sf)

South Tower: from RM5,225 (950 sf) – RM17,875 (3,250 sf)

Facilities

6 passenger lifts

1 service lift

Broadband enabled

24hrs security

CCTV monitoring

Meeting rooms

Conference suites

Covered carparks

Restaurants

Banks

Analysis

The Centrepoint towers provide instant office suites with meeting and conference rooms available for rental. Perfect for small executive offices that do not require much of office space and handles most transactions online or via telecommunication means. The building is broadband enabled and served by DIGI and TELEKOM telcos. Rental at Centrepoint is competitive but slightly higher than neighboring Northpoint which offers rental beginning from RM4.50 psf. Centrepoint is easily accessible by Federal Highway, NKVE and Kerinchi highways respectively. Its unique location of being right in the middle of Kuala Lumpur and Petaling Jaya makes the area a popular and available shopping and business destination for many. Centrepoint has convenient access to the Mid Valley Megamall with links located on the 1st floor of the office tower. There are also free shuttle buses from the Bangsar LRT station to Mid Valley City and also to various major hotels in KL. Mid Valley City is a business hub for corporations like IGB Corporation, Rating Agency Malaysia (RAM), Wah Seong Corporation, Volvo Car Malaysia and many more. Its strategic location serves as a ‘one-stop-shop’ for all the residential townships located nearby like Bangsar, Brickfields, Taman Seputeh and also as a tourist destination with tour buses bringing foreigner visitors direct from KLIA or major hotels in Kuala Lumpur. While the area is fast booming and successful, a drawback is the heavy traffic in and out of Mid Valley City and parking spaces which get filled up especially when there are conventions at the Mid Valley Megamall Convention Centre.