KLCC Property Holdings

KLCC Property Holdings Berhad
KLCC Real Estate Investment Trust
Company typePublic limited company
MYX: 5235SS
ISINMYL5235SS008
Industry
Founded7 February 2004; 20 years ago (2004-02-07)
Headquarters
Dayabumi Complex,
Jalan Sultan Hishamuddin, Kuala Lumpur
,
Malaysia
Key people
  • Krishnan C.K. Menon (Chairman)
  • Hashim Wahir (CEO)
Services
RevenueIncrease RM08.35 billion (2020)[1]
Increase RM03.501 billion (2020)[1]
Increase RM02.516 billion (2020)[1]
Total assetsIncrease RM16.80 billion (2020)[1]
Total equityIncrease RM13.85 billion (2020)[1]
Websitewww.klcc.com.my

KLCC Property Holdings Berhad (KLCCP; MYX: 5235SS) is a Malaysian property investment company which owns and manages office, retail and hotel properties in Kuala Lumpur, mainly in the Kuala Lumpur City Centre (KLCC) area. Among the properties owned or managed by the company and its stapled real estate investment trust are the Petronas Twin Towers (the tallest buildings in the world from 1998 to 2004), Suria KLCC, the Mandarin Oriental Kuala Lumpur and Menara Maxis.

The company, along with KLCC Real Estate Investment Trust (KLCC REIT) – which it manages – form the KLCCP Stapled Group. KLCCP shares are stapled with KLCC REIT units; the stapled securities are listed on Main Market of Bursa Malaysia Securities Berhad. The group is 75%-owned by Petronas through direct and indirect interests.

KLCCP was incorporated in 2004 as a vehicle to offer a portion of Petronas's property holdings to the public. In 2013, the company undertook a corporate restructuring, which involved the transfer of three prime real estate office properties, including the Petronas Towers, into the newly formed KLCC REIT. KLCCP Stapled Group is the largest REIT in Malaysia with a net asset value of RM12 billion in June 2015.[2]

  1. ^ a b c d e Cite error: The named reference 2014 AR was invoked but never defined (see the help page).
  2. ^ "B.14 Summary of NAV" (pdf), Unaudited interim financial statements for the six month period ended 30 June 2015, KLCC Property Holdings Berhad, 2015, retrieved 8 August 2015