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UK envoy: Property sale should be sealed by year-end

April 30th, 2012 · No Comments

KUALA LUMPUR: The British High Commission property along Jalan Ampang will have to be put on the market. Nevertheless, a deal ought to be completed by the end of the year. The the British High Commissioner said.

Simon Featherstone said they are still on the hunting for a new office building to move in to.

“Naturally, we would need a contract with a new place before we can put our property (British High Commission) on the market,” he said.

Savills, Rahim & Co is the one representing the high commission concerning relocation and sale of the property.

“We are positive we will find a place this year. There are a few purpose-built properties which have recently come into the market,” Featherstone said without elaborating.

The sale of the Malaysia property and the high commission’s relocation to a purpose-built facility would assist with the managing costs as well as security issues.

In 2011, it was expected that the chancery, which measures some 1.22ha, could priced as high as RM1,500 per sq ft or RM196 million.

The property includes office, residences, a swimming pool and tennis courts.

The present British High Commission is currently situated  on land bestowed to the British government in exchange for giving up the Carcosa mansion in 1987.

The British government since then utilized Carcosa as its diplomatic residence.

Two parcels of land were provided to the British government then. The first, the land which at present  houses the chancery, while the second becomes the residence of the British High Commissioner.

Featherstone was quick to point out that his residence off Jalan Tun Razak is not up for sale.

According to sources, the high commission’s neighbours which include Boustead Properties, IOI Group, HSC Healthcare and Sri Mersing Hotels Sdn Bhd, have expressed interest in the property.

Sri Mersing possess the vacant land at the corner of Jalan Ampang and Jalan Tun Razak.

The land measures 1.22ha and it is understood that Sri Mersing is connected to Malaysia’s richest man Robert Kuok.

Boustead Properties has a project named 183 Ampang situated behind the high commission.


 

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