The project includes a retail mall, three office towers and a hotel.
Shahril said the retail mall called Nu Sentral is expected to attract a decent rental revenue as it would be catering for medium to high end retailers but declined to reveal posibble tenants.
"We expect a decent commercial return from the mall which we are developing with Pelaburan Hartanah Bhd (PHB)," he told reporters after the launch of Nu Sentral by Prime Minister Datuk Seri Najib Razak here.
The hotel, he added, is expected to be launched next year.
Nu Sentral and the office towers development is a joint investment between MRCB and PHB, a subsidiary of Yayasan Amanah Hartanah Bumiputera.
Shahril said Nu Sentral would be managed by Nu Sentral Sdn Bhd, a joint venture development by MRCB and PHB with 51:49 equity stakes respectively.
MRCB and its partners invested more than RM3 billion in the integrated development project, of which the group itself put in about RM1 billion of the total sum.
Earlier at the launch, MRCB chairman Tan Sri Azlan Zainol said the next three years would see more developmental activities within KL Sentral as MRCB raced towards fulfilling its development masterplan's goal of completion in 2015/2016.
He said MRCB and its partners were also simultaneously building the new CIMB headquarters in front of the National Museum, the new Shell headquarters at 348 Sentral and would soon begin construction of KL Sentral Park, a green office campus development.
By next year, MRCB expects to start construction of a new office development, luxury hotel and new luxury condominiums in front of the museum, Azlan said.
"All these developments will bring the total gross floor area under construction at KL Sentral to more than six million square feet with a gross development value of RM7 billion," he said.
Source: Bernama August 2009
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