Citibank Tower Explained

Citibank Tower
Alternate Names:Menara Lion
Citibank Tower
Location:Kuala Lumpur, Malaysia
Coordinates:3.16°N 101.7172°W
Completion Date:1995
Building Type:Commercial offices
Roof:190.2m (624feet)
Floor Count:50
Floor Area:68156square feet
Architect:Hijjas Kasturi Associates
Owner:Inverfin Sdn Bhd
References:[1]

Citibank Tower (Malay: Menara Citibank), is a 50-storey Class A commercial tower located close to the Petronas Towers and houses the headquarters of Citibank Syariah. The building was developed by The Lion Group and completed in 1995, and was originally named Menara Lion or Lion Tower until Citibank acquired a 50% stake and moved into the building in 2000.[2]

The building is owned by Inverfin Sdn Bhd, which is in turn, equally owned by Hap Seng Consolidated Bhd and Menara Citi Holding Co. Hap Seng Consolidated obtained its 50% stake in Inverfin in August 2009 from CapitaLand (30%) and Amsteel Corp Bhd (20%) (a Lion Group subsidiary), following IOI Group’s decision not to proceed with the acquisition of the same which it had bid for a year earlier.[3] [4] [5] [6] In May 2010, Hap Seng Consolidated indicated its interest to acquire the remaining 50% stake in building sometime in the future.

Citibank Tower has a basement parking facility for its employees and visitors.[7]

See also

External links

Notes and References

  1. Web site: Emporis building ID 105888 . https://web.archive.org/web/20160303201708/https://www.emporis.com/buildings/105888 . dead . March 3, 2016 . Emporis.
  2. News: Citibank buys into Menara Lion. The New Straits Times. 2000-04-27.
  3. News: Hap Seng unit buys into Menara Citibank owner. The Star. 2009-08-08.
  4. News: Hap Seng buys 50pct of Menara Citibank for RM303.5m. The Edge Daily. 2009-08-07. 2010-05-31. https://web.archive.org/web/20111007045115/http://www.theedgemalaysia.com/index.php?option=com_content&task=view&id=146797&Itemid=79. 2011-10-07. dead.
  5. News: IOI Corp suspended, buys Menara Citibank. The Star. 2008-08-25.
  6. News: IOI Corp’s RM73m deposit for Menara Citibank forfeited. The Star. 2008-11-27.
  7. https://parking.com.my/item/menara-citibank-kuala-lumpur/ Menara Citibank parking rate