Automotive company Federal Auto Holdings Bhd plans to redevelop its current headquarters in Kuala Lumpur into a 26-storey commercial building. The new building, due for completion in June 2013, will have a RM12 million Volvo showroom and Federal Auto will lease or sell any unused space to generate revenue.The company, an 86 per cent-owned subsidiary of MBM Resources Bhd, makes up about 10 per cent of MBM's total revenue.
The location of the site. =)
An artist impression of the building. =P
With this new development coming soon, as well as S P Setia's Setia Eco City near the Abdullah Hukum LRT Station (just opposite MidValley) as well as future phases of MidValley City, I think the area is going to go through a major change - a change that would be good for the economy, but may not necessary be good for traffic though. =(