Version: BM
UEM Sunrise Berhad has announced a strategic partnership with EXSIM KLCC Sdn Bhd for the development of Lot 149, a 1.6-acre freehold land located at the junction of Jalan Ampang and Jalan P. Ramlee, adjacent to Kuala Lumpur City Centre.
The partnership was formalised through a Development Rights Agreement (DRA), giving EXSIM KLCC the right to undertake and deliver the development of the site.
Under the agreement, UEM Sunrise will receive a guaranteed entitlement of RM415 million. The DRA also includes a profit-sharing mechanism, allowing UEM Sunrise to participate in the future success of the development while aligning the longer-term interests of both parties.
Key Details of the UEM Sunrise and EXSIM KLCC Partnership
| Item | Details |
|---|---|
| Project site | Lot 149 |
| Location | Junction of Jalan Ampang and Jalan P. Ramlee, adjacent to KLCC |
| Land size | 1.6 acres |
| Land status | Freehold |
| Parties involved | UEM Sunrise Berhad and EXSIM KLCC Sdn Bhd |
| Agreement type | Development Rights Agreement |
| Development role | EXSIM KLCC will undertake and deliver the development |
| Guaranteed entitlement | RM415 million to UEM Sunrise |
| Additional arrangement | Profit-sharing mechanism linked to the future success of the development |
A Strategic Move for a Prime KLCC Site
Lot 149 is located in one of Kuala Lumpur’s most valuable city centre areas.
Its location near KLCC gives the land strong potential because it is surrounded by major offices, hotels, shopping malls, transport links and lifestyle destinations.
For UEM Sunrise, the partnership allows the company to unlock the value of the land without developing the project alone. It also allows the company to work with EXSIM KLCC, a developer with experience in premium developments within the KLCC area.
This strategic partnership reflects our disciplined approach to portfolio optimisation and capital allocation. It enables us to realise the full potential of a strategic asset while participating in the success of the development.
Shaharul Farez Hassan, Managing Director and Chief Executive Officer of UEM Sunrise.
Shaharul Farez said the agreement also allows UEM Sunrise to leverage EXSIM KLCC’s development strength and understanding of the KLCC market.
At the same time, UEM Sunrise can continue to focus on its own development pipeline across its key growth areas.
Why This Deal Matters
This partnership is important because it shows how major developers are becoming more strategic with their land.
Instead of developing every project by themselves, developers can work with the right partners to speed up development, reduce risk and unlock stronger value from prime land.
For UEM Sunrise, the agreement gives the company a clear return of RM415 million, while still allowing it to take part in the future success of the project through profit-sharing.
For EXSIM KLCC, the deal gives access to a rare freehold land parcel in the KLCC area, one of the most established and recognised locations in Malaysia.
For the Kuala Lumpur property market, the partnership shows that prime city centre land still holds strong long-term value, especially when the location is close to business, retail, hospitality and lifestyle hubs.
A New Direction for the Former Angkasa Raya Site
Lot 149 is also linked to the former Wisma Angkasa Raya site.
The Edge Malaysia previously reported that Sunrise had unveiled plans for the Angkasa Raya project, which carried an estimated gross development value of RM1.3 billion and was planned on the former Wisma Angkasa Raya site.
With this new partnership between UEM Sunrise and EXSIM KLCC, the site now moves into a new chapter.
The latest agreement gives the land a clearer development direction, supported by UEM Sunrise’s strategic landholding and EXSIM KLCC’s experience in the KLCC market.
What It Means for Buyers and Investors
For buyers and investors, this deal is another sign that KLCC remains one of Malaysia’s most important property locations.
Even as the market becomes more selective, prime areas with strong connectivity, business activity and lifestyle appeal continue to attract attention.
KLCC is not only a tourist and business district. It is also a premium address that continues to influence demand for high-value residential, commercial and mixed-use developments in Kuala Lumpur.
This makes developments around KLCC important to watch, especially for those tracking the direction of Malaysia’s luxury and city centre property market.
UEM Sunrise’s Wider Growth Plans
UEM Sunrise said Kuala Lumpur and the Klang Valley remain important markets for the company.
The developer continues to have a presence in key areas such as Mont’Kiara, Kiara Bay and Cheras. It is also expanding into Petaling Jaya, with upcoming launches at the former Dutch Lady site and in Kelana Jaya.
Beyond Klang Valley, UEM Sunrise is also strengthening its position in Iskandar Puteri, Johor.
The company is the largest landowner and master developer of the Gerbang Nusajaya and Puteri Harbour integrated townships.
It is also progressing with the Gerbang Nusajaya Industrial Park, which is expected to capture opportunities linked to the Johor-Singapore Special Economic Zone.
A Stronger Future for KLCC Development
The partnership between UEM Sunrise and EXSIM KLCC is more than a land deal.
It shows how developers are using strategic partnerships to unlock prime land value, manage risk and stay focused on long-term growth.
For Kuala Lumpur, the redevelopment of a prime KLCC site also signals continued confidence in the city’s future as a business, lifestyle and investment hub. As Malaysia’s property market continues to evolve, well-located land in mature urban areas such as KLCC will remain a key focus for developers, buyers and investors.
UEM Sunrise was featured in The Edge Malaysia
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