23 September 2015
KUALA LUMPUR – The first ever office tower to be developed in Bukit Jelutong, was unveiled in a Shanghai Mid-Autumn themed ‘soiree’ last Saturday, 19 September 2015. Block A of Radia Offices is the first of its kind in the area and is the result of a 50:50 joint venture (“JV”) corporation between Sime Darby Property Berhad (“Sime Darby Property”) and UEM Sunrise Berhad (“UEM Sunrise”.
Block A of Radia Offices comprises a total of 159 units stratified offices with flexible built up areas ranging from 825 sq ft to 2,001 sq ft, a perfect choice for startup companies, Small Medium Enterprises and investors looking to relocate or set up offices in Shah Alam. At an estimated average price of RM770 per sq ft, Block A of Radia Offices is worth RM149 million in Gross Development Value (“GDV”).
Sime Darby Property’s Acting Managing Director Dato’ Jauhari Hamidi said “We are proud to present the Block A of Radia Offices, an outstanding product as a result of a prolific partnership between Sime Darby Property and UEM Sunrise. Over the years, Bukit Jelutong has established itself as the centre of exquisite lifestyle and community living. Through this new development, it will further enhance Bukit Jelutong as a flourishing township and presents boundless opportunities for communities in its vicinity. This new development marks another major milestone for us towards building sustainable communities.”
According to UEM Sunrise Managing Director/Chief Executive Officer, Anwar Syahrin Abdul Ajib, “We are delighted to unveil the first block – Block A of Radia Offices. Together with the other two components, the overall Radia development will transform Bukit Jelutong into a thriving sustainable community and build on our exemplary track record of delivering large scale integrated projects. Tenants of Radia Offices will enjoy all the conveniences at their doorstep with great connectivity to major cities such as Shah Alam, Klang and Kuala Lumpur.”
Block A of Radia Offices is the third and final component to be introduced by the JV partnership since the introduction of Radia in September 2013. The overall Radia integrated mixed-use development features Radia Retail, 1, 2 and 3-storey retail shops; Radia Offices, 2 blocks of 10-storey offices; and Radia Residences, 5 blocks of 12 to 13 storeys service apartments.
Covering a gross floor area of 2.7 million sq ft, Radia will have 640 units of serviced apartments as well as 305,000 sq ft office and 880,000 sq ft retail spaces located right in the heart of Bukit Jelutong township; a mature neighbourhood surrounded with top notch facilities and a host of multi-tier amenities including golf courses, top educational institutions, hypermarket retailers, shopping malls, hotels and world class medical facilities.
“Since the unveiling of the RM1.6 billion integrated development, working with Sime Darby Property from the early stage of development has been successful and we are excited to move forward to the next phase. We expect to complete the overall project with retail, commercial, office, lifestyle and entertainment centres to fulfil the needs of the Bukit Jelutong community and the wider catchment area of Greater Kuala Lumpur/Klang Valley,” Anwar Syahrin added.
Last year, the JV released three out of the five blocks of service apartments in Radia Residences with a built-up ranging from 695 sq ft to 2,126 sq ft. The units come with 1 Bedroom, 2 Bedroom, 2+1 Bedroom and 3+1 Bedroom and are priced between RM425,000 and RM1,793,000. Response has been encouraging with 84% take up to date.
Upon completion, Radia will provide shopping convenience and easy access to services for more than 100,000 residents and working population in Bukit Jelutong and its surrounding areas. Radia is to attract investors and businesses which are drawn to Bukit Jelutong’s close link with nature, heritage and recreational offerings with a slice of exclusivity.