KUALA LUMPUR: Mulia Group’s Signature Tower project, which is expected to command a gross development value of more than RM3.5 billion, will likely be the first project to be completed under the Tun Razak Exchange (TRX) master plan.

Chief executive director Datuk W.H. Lai said the project was on track for completion in mid-2018 with the tower, at 438.9m, expected to be the world’s 15th tallest building.

“We are working on an aggressive schedule. The building (tower) must be built in a fast-track environment.

“This is because we need to catch the momentum and get the tenants in. If we prolong the project, there will be a prolonged financing cost.

“We have also consolidated and integrated our expertise for property management, construction and maintenance to ease the whole process,” he said.

Signature Tower will comprise 92 floors and six basement levels on a land area of 13,878 square metres.

The building design will feature a square and a circle, representing equality and strength in Islamic architecture, and also enabling it to complement the other iconic buildings in the city landscape.

Last Friday saw the pouring of concrete for Signature Tower, which took about 48 hours to complete.

Lai said the process was among the largest recorded globally, involving 8.5 million kilogrammes of cement, 16 million kg of sand, 19 million kg of construction aggregates and about two million kg of ice to overcome the extreme heat generated during the process.

As Indonesia’s largest commercial property developer, Mulia Group has a leading market share for premium properties in Jakarta.

It owns and manages many premier office buildings in Jakarta’s central business district, including Wisma Mulia 1 and 2, Wisma GKBI and Taman Anggrek Mall & Condominium.

Wisma Mulia 1 and 2 are among Jakarta’s tallest office buildings that house key global and Indonesian blue-chip companies.

TRX’s master developer, TRX City Sdn Bhd, and the Mulia Group signed a sale and purchase agreement for the development rights of the plot in May last year.

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Mulia Group chief executive director Datuk W.H. Lai and project director Roland Suckling (left) with a scale model of the Tun razak Exchange in Kuala Lumpur yesterday. Pic by Muhammad Asyraf Sawal

Source from News Straits Times: http://www.nst.com.my/news/2016/05/142911/mulia-targets-2018-completion