June 5, 2023

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KSK Land granted RM650m syndicated financing for 8 Conlay Kempinski Hotel & Residences



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KUALA LUMPUR (Dec 21): KSK Land, the property division of KSK Group Bhd, has received a RM650 million syndicated facility from Malayan Banking Bhd (Maybank) and Bank Pembangunan Malaysia Bhd (BPMB) for the completion of 8 Conlay Kempinski Lodge & Residences (Tower C), which is aspect of the 8 Conlay integrated growth.

“KSK Land is beneficial on the outlook of the hospitality field article-pandemic, where prolonged long lasting brand name prestige and benefit of luxurious lodges these types of as Kempinski will nevertheless prevail among the discerning travellers. Journey and tourism will see a restoration and rebound by then when the 8 Conlay Kempinski Resort and Residences completes in 2023,” reported KSK Team chief executive officer and KSK Land managing director Joanne Kua in a push release these days.

 

8 Conlay, the a few-tower built-in challenge positioned in the heart of Kuala Lumpur’s golden triangle features the five-star Kempinski Lodge, a retail life-style quarters and two towers of branded residences called YOO8 serviced by Kempinski, which have been curated exclusively by Steve Leung and YOO (Tower A) and Kelly Hoppen for YOO (Tower B).

 

To date, KSK Land has attained a lot more than 80% and 40% consider-up charge for Towers A and B of YOO8 respectively. Upon completion, 8 Conlay will have the world’s tallest twisted twin household towers with a whole of 1,062 models, together with a water-lounge on the 26th ground and a multi-tier environmentally friendly refuge on the 44th floor.