KUALA LUMPUR, Jan 30 – Prime Minister Datuk Seri Najib Razak today launched here the first Four Seasons Place in South East Asia, a RM2.5 billion worth development by Venus Assets Sdn Bhd.
Venus Assets’ Chairman Tan Sri Syed Yusof said the development, encompassing a 1.5 million square-feet area, is expected to be completed in four years and would open up various job opportunities.
“It will also have a spiralling effect on other industries including suppliers, contractors, architects, engineers, lawyers and also bankers, as this bodes well for the economy and the nation,” he said at the launch of the Four Seasons Place here, today.
The Sultan of Selangor, Sultan Sharafuddin Idris Shah, witnessed the launch.
Meanwhile, Najib said the project and many other similar projects reflected investors’ recognition of the underlying strength in the Malaysian economy.
“It is against this backdrop that I am pleased to see Four Seasons Place project coming to fruition.
“Not only does it typify the kind of growth that will steer Malaysia to our 2020 vision and beyond, but it also speaks of the confidence which investors place in our capital, our country and our economy,” he said in his speech.
The 65-storey integrated development project consists of over 300,000 square feet of luxury retail space, with over 231 hotel rooms, as well as hotel service apartments and residence ranging from 1,300 to 12,000 square feet in size per unit.
Syed Yusof said the Seasons Residence would provide the ultimate in prestige and exclusivity for owners with residential swimming pool located over 330 metres above ground level.
“The Four Season Hotel will provide the finest world-class five-star hospitality services to guests and residents,” he added.
He said that the private residence and hotel were both designed according to Four Seasons standards, providing world-class accommodation to residents and guests.
The Four Seasons Place and the Four Seasons Hotel Kuala Lumpur will be managed by Four Seasons Hotel and Resort. – Bernama