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The Group embarks on its first property development project via a joint collaboration with Syarikat Prasarana Negara Bhd for the redevelopment of the Dang Wangi LRT Station, codenamed “The Bank”. The Gross Development Value for this redevelopment project is expected to be approximately RM1.04 billion; marking Crest Builders first Billion-Ringgit property development project.

The project is set on at 2.72 acre plot at Jalan Ampang which is currently the site of the Dang Wangi LRT Station. The station will remain below grown, whilst the redevelopment will be on the air space of the site. The total gross floor area will exceed 1,000,000 sq. ft.

The Bank will feature a boutique retail mall podium, commercial office spaces and suites, deluxe and duplex SOHO suites, a 207 room boutique business hotel as well as an exclusive rooftop club which will be accessible only via the observatory bubble elevators. The 300,000 sq. ft. retail mall will have plenty of classy and trendy F&B joints and restaurants, coupled with some retail shops and other facilities. As part of the river beautification initiative, there will be al-fresco dining, lounges and cafes alongside the river bank.

The 46 –storey tower will also feature premium SOHO suites, with 4 floors of SOHO duplex suites, measuring between 430 – 1,950 sq. ft. units and a soft launch is expected in the later of 2013. The 207 room boutique hotel will have state-of-the-art facilities at the rooftop as part of the exclusive rooftop club. The rooftop club will have a gym and yoga room that overlooks the KL skyline plus an upmarket restaurant and lounge at the rooftop reception – not forgetting the infinity pool and Jacuzzi with an exceptional view of both the KL Tower and the Petronas Twin Towers.

The project is expected to commence physical works in 2013 and with an expected completion date in 2018.