Me­dini 9 to be com­pleted by sec­ond quar­ter of next year

The Star Malaysia - StarBiz - - News -

KUALA LUMPUR: Me­dini Iskan­dar Malaysia Sdn Bhd is at dif­fer­ent stages of ne­go­ti­a­tion with lo­cal and in­ter­na­tional com­pa­nies which want to have a pres­ence in Me­dini Iskan­dar, its chief ex­ec­u­tive of­fi­cer Dr James Tee said.

More com­pa­nies are ex­pected to es­tab­lish their pres­ence in Me­dini Iskan­dar City go­ing for­ward, said Tee, who was one of the speak­ers at the Smart Cities Con­fer­ence or­gan­ised by the Malaysian-Ger­man Cham­ber of Com­merce and In­dus­try and the Ger­man em­bassy. Tee said Me­dini 9 tower would be com­pleted by the sec­ond quar­ter of next year while Me­dini 10 by 2019.

These projects will be the mas­ter devel­oper’s first high-rise of­fice blocks in the 2,300acre Me­dini Iskan­dar, a town­ship devel­op­ment within Iskan­dar Pu­teri in Jo­hor’s Iskan­dar Malaysia.

“We are in se­ri­ous ne­go­ti­a­tions with lo­cal and in­ter­na­tional com­pa­nies. We wel­come all lo­cal and in­ter­na­tional com­pa­nies to ei­ther re­lo­cate, ex­pand or start new busi­ness ven­tures in Me­dini City,” he said.

“We are open to any ten­ants as long as they can help us to build the city. There are no re­stric­tions or quo­tas in this smart city,” he said, adding that the mas­ter devel­oper will be com­plet­ing its first high-rise of­fice block next year.

Me­dini 9 is a 21-storey build­ing with a net let­table area (NLA) of over 422,857 sq ft. Its av­er­age floor space is about 28,000 sq ft per floor. The sec­ond high-rise of­fice block is the 27-storey Me­dini 10 with a NLA of over 414,949 sq ft. Its av­er­age floor space per floor is about 13,745 sq ft per wing.

Rental rates at Me­dini 9 and Me­dini 10 are ex­pected to av­er­age about RM5-RM6 per sq ft.

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