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Panorama
Address
Jalan Ampang, Kuala Lumpur
Location
Located along Persiaran Hampshire within the KLCC area.
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| Description |
The prime residential project known as “Panorama” is located less than 5 minutes walk from the world renowned Petronas Twin Tower and Kuala Lumpur City Centre complex. |
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| Investment Strategy |
In June 2008, Asia Real Estate Prime Development Fund (AREPDF) made its second acquisition worth RM125 million (USD42 million) for 112 freehold luxury apartments or 50% of the total 223 apartments in a 33-storey twin tower building from Promatik Emas Sdn Bhd in Kuala Lumpur, Malaysia. |
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Pavilion
Address
168 Jalan Bukit Bintang
Location
Kuala Lumpur’s prime shopping district at Jalan Bukit Bintang. |
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| Description |
Pavilion is a mixed-use mega development comprising a retail mall, two luxury residential blocks, an office tower and a proposed hotel with a total lettable area of 1,376,000 sq ft. It was opened in September 2007. |
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| Investment Strategy |
Pavilion was conceptualised as a development project – an immense 5.45 million sq ft mixed-use development comprising a retail mall, office tower and 2 apartment blocks located in Jalan Bukit Bintang, the main shopping district of Kuala Lumpur. On invitation by the developer, Pacific Star led a consortium of investors which committed a total investment sum of USD 300 million in Pavilion via Shariah-compliant structures under the Baitak Asian Real Estate Fund in January 2006.
In addition to the Shariah-compliant investment, Pacific Star played an intimate, strategic role in various stages of the project and was specifically instrumental in creating and enhancing capital value for Pavilion’s two luxury residential apartment towers.
Most notably, Pacific Star conceptualized and planned the execution of a highly successful sales and marketing campaign for the two apartment towers over two phases ie. during and after construction of the apartment towers. The Pavilion apartments sold out to buyers from 25 nations and created new benchmark record sales when its per sq ft transacted prices of the 99-year leasehold apartments superseded those typically achieved for freehold apartments within the same vicinity. Pacific Star Asset Management remains the appointed Asset Manager for Pavilion Tower 1.
Pavilion has also been awarded the prestigious FIABCI Prix d’Exellence Award 2009 for Retail Developments, housing the flagship stores of some of the world’s finest luxury retail brands |
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