IOI Properties Bhd, a heavyweight property developer in terms of size and profitability, expects its Puchong Financial Corporate Centre (PFCC) to be one of the most preferred corporate and financial hubs in the Klang Valley.
Multinational and local ICT companies looking for office towers in Puchong are attracted to PFCC as it has been accorded the MSC Malaysia Status and is recognised as a MSC Malaysia Cybercentre.
In a statement issued yesterday, IOI Properties said its subsidiary, Flora Development Sdn Bhd,signed a collaboration agreement with Multimedia Development Corp Sdn Bhd (MDeC) last month for the MSC Malaysia Cybercentre status.
The MSC Malaysia Cybercentre status is a prestigious award given to niche business locations that meet the MSC Malaysia Cybercentre standards and criteria.
The criteria are to provide a world-class physical and information infrastructure and globally competitive telecommunication tariffs to deliver the MSC Malaysia Bill of Guarantees to MSC-status companies.
Currently, there are fewer than ten buildings in the Klang Valley with the MSC status.
PFCC, located at Bandar Puteri Puchong, features a business class hotel and four office towers, where two have been built and the rest are to be completed by mid-2013.
The buildings are equipped with dual electricity source and state-of-the-art information technology features such as a fibre optic backbone to support high-speed broadband Internet access and mobile coverage.
Already PFCC has secured anchor tenants like the Bank Of China, OCBC Bank, Malaysia Building Society Bhd and VADS Business Process Sdn Bhd for the two completed buildings.
Operating from PFCC will allow the companies to substantially reduce their cost of doing business, the statement said.
IOI Properties Bhd, a subsidiary of IOI Group, is one of the largest property developers in Malaysia with a land bank of 2,500ha.