Case Study News | Suria KLCC | Wonder Why Court Strikes Out BritishIndia Suit ?

Court Strikes Out BritishIndia Suit

Clothing company loses bid to challenge eviction from Suria KLCC

• The Star Malaysia
 
• March 18, 2016

Suria KLCC

KUALA LUMPUR: Home-grown fashion brand BritishIndia may be required to pay nearly RM7mil in rent, after failing in its bid to challenge its eviction from Suria KLCC [Suria Kuala Lumpur City Centre].

The High Court dismissed a suit by the boutique's owner BTC Clothier Sdn Bhd to continue operating in the prime location, finding that the termination of its tenancy was legal.

High Court judge Justice Nor Bee Ariffin ruled in favour of defendant Suria KLCC Sdn Bhd, saying the clothing company had breached its terms of tenancy by not vacating the premises after the mall chose not to renew its tenancy past July 2014.

The judge also allowed Suria KLCC's counter claim – to be paid double-rental for the 20 months BritishIndia continued to operate.

According to court papers sighted by The Star, the rent for BritishIndia’s store at Lots 111A & 111B on the first floor was RM151,679 a month as of 2014.

Suria KLCC’s lead counsel Tan Sri Cecil Abraham told the court that by his calculations, his client was owed around RM6.7mil in back-rental.

The court also ordered payment of 5% interest per annum on the amount, plus RM100,000 in costs.

BTC Clothier's lawyer Khong Jo Ee was denied her verbal application for a stay of execution pending an appeal of the decision, and was instructed to submit a written application instead.

The tenancy battle began in May 28, 2014, when the mall management informed that it did not intend to renew BritishIndia's tenancy, and subsequently sent a letter of termination dated July 4.

BTC Clothier fired back with a suit on July 7, seeking a declaration that a tenancy subsists between the company and KLCC, and that KLCC had unlawfully terminated the tenancy agreement.

It also claimed Suria KLCC ordered that BritishIndia unconditionally accept the terms of offer to relocate to the second floor or have its premises boarded up.

The clothing company was one of the original tenants, renting the premises for 16 years.

In its counter claim, Suria KLCC stated that their tenancy agreement, which expired on June 30 2014, gave BritishIndia no option to renew.

It contended that since the tenancy had expired, there was nothing unlawful about boarding up the space and it was BritishIndia that had failed to yield vacant possession of the premises.

Suria KLCC claimed it had no desire to keep BritishIndia as a tenant, and that the offer to relocate was merely to give it an opportunity to continue doing business.

Source | The Star

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.

Penang | Factory And Warehouse Space For Sale And Rent In Bayan Lepas

Factory cum warehouse sale and rental space in Phase 3, Bayan Lepas is make possible under Industrial Rental Properties and Vacant Factories For Sale and Rent categories. The availability of factory space for rental in this demanded market for medium size factory will be available beginning of April, 2016 [the current machinery of previous tenant schedule to move out]. 

It's suitable for sub-assembly and manufacturing like injection moulding machine which need high commanding ceiling. Rework processes that required mid-size floor space could also been implemented.

If you're looking for expansion or relocation of your production capabilities, this factory cum warehouse with its facilities will enable you to start your production. Is a must to view if you're looking for ready factory to start production.

The configuration of the factory as follows:

Location: Bayan Lepas Free Industrial Zone (Phase 3 FIZ)

Distance: Approx. 4 km from 2nd Penang Bridge (Jambatan Sultan Abdul Halim Muadzam Shah)

Build Up: 11,000 sq ft

Land Area: 19,350 sq ft

Surrounding amenities: It situated near by Jabil Circuits, Intel, Plexus Manufacturing Sdn Bhd, ASE Electronics and Inari Technology Sdn Bhd (under Inari Amertron Berhad).

The space for rent in Penang can also be used as warehouse.

For private viewing, do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS [Multiple Listing Service] . Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | https://VulcanInternational.blogspot.com

Penang | Factory Space For Rent In Prai Industrial Estate

The availability of factory space for rental in Perai Industrial Area (Kawasan Perindustrian Perai) suitable for sub-assembly and electronics component assembly as it's ready with overhead facilities such as power supply points and air point for torque drivers in this readily manufacturing plant. 

If you're looking for expansion of your production capabilities, this factory with its facilities will enable you to expedite your production recovery. Is a must to view if you're looking for ready factory to start production.

Factory lobby

With the existing facilities, tenant will have better cost saving when moving to this facility. The configuration of the factory as follows:

Location: Prai Industrial Zone (Kawasan Perindustrian Perai)

Distance: Approx. 7 km from 1st Penang Bridge.

Build Up: 70,000 sq ft

Land Area: 100,000 sq ft

Loading / unloading capabilities with 3 dock levelers to cater for 1 toner to 40 footer container.

Facilities available: Overhead power supply points, overhead air hoses and fittings, ESD flooring, sprinkle system, covered car park and ample parking bay.

Surrounding amenities: It situated near by Auto City, Juru. Vicinity industries are IKS (Industri Kecil Dan Sederhana) Juru, IKS Bukit Tengah, Taman Perindustrian Bukit Minyak. 

The space for rent can also be used as warehouse.

For private viewing, do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | http://vulcaninternational.blogspot.com 

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .

3 Reasons Why Padang Serai Land For Sale Attract You

Padang Serai is in the southern part of Kedah is in Kulim district, Kedah, Malaysia. The town is located between Kuala Ketil and Lunas.

Reason [1]: Padang Serai is surrounded by oil palm and rubber plantations and the nearby Kulim High-tech Industrial Zone (KHTP) which is 10km away has 56 percent Malay, 23 percent Indians and 12 percent Chinese voters.

Reason [2]: Mix development in progress in the vicinity of Kulim International Airport (KXP), Kedah. The yet to build Kulim International Airport (KXP) is about 1km away from Padang Serai with estimated cost of RM1.6bil. The costs included land acquisition, the building of basic infrastructure of the airport and two runways.

There are few villages such as Kg Teluk Binu, Kg Sidam Kanan, Kg Sentosa, Permatang Durian and some estates like Ladang Bukit Selarong, Ladang Nagalilit. Labu Besar is 20km away.

Padang Serai is famous with its "Pekan Sehari Ahad" or Sunday's Market. Padang Serai is a fast expanding town with the mushrooming of many new housing estates.

Source | Wikipedia

Reason [3]: With the new housing estates been mushroomed, the demand of flat land in the district of Padang Serai is getting sought after by developers and investors with reasonable price. 

A piece of land currently consists of oil palm and rubber estate is up for sale. The subjected land is about 30 hectares with access from main road of Padang Serai and rectangular in shape.

For private viewing, do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS. Interested party do contact Mr Vulcan Lau, mobile no.: +6 016 451 1321 | #VulcanInternational | http://vulcaninternational.blogspot.com 

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our Multiple Listing Service .

Pe­nang And Kulim | Kedah | Employment Opportunity Buzzing Up North

We're going to conclude the month of January 2016 and the article below does shed some light regarding 'strategic hiring' which literally means hiring by demand on certain expertise fields or placement. Read on for your own benefits of how the employment opportunities in northern region of Malaysia for 2016.

Getting bigger: An indication of PENANG's EMPLOYMENT OPPORTUNITIES is the expansion plans of OSRAM Opto Semiconductors, which has signed a deal to expand its plant, shown here in a file photo.

It's Buzzing Up North

While large-scale hiring is not happening, 'strategic hiring' is offering job opportunities.

IT's good news for job seekers in the engineering field, especially in Penang.

Recruitment firm Rober Walters Malaysia recently indentified the state as a hub for semiconductor and electrical and electronics (E&E) manufacturing with more foreign direct investment (FDI) focusing on the north of the country this year.

"In Penang and Kulim (Kedah), there's a lot of buzz. We're confident of growth," said Sally Raj, managing director of Robert Walters, when announcing that the company will open its second office in Penang this year.

"Riding on Penang's anticipated ICT and E&E growth, our focus will be on engineering, manufacturing, procurement and supply chain sectors," she adds.

Advising job seekers to keep options open and move to where the growth is, she says: "Don't get stuck in the 'I only want to work in the Klang Valley' mindset."

Malaysian American Electronics Industry chairman Datuk Wong Siew Hai points out that Penang has always been a semiconductor and E&E hub. It has grown and diversified with some expansion slated for this year. Large scale hiring, however, is not expected; rather, the key phrase is "strategic hiring", he says.

"Yes, there are pockets of hiring, especially in design development, to fill critical positions and work on new projects in areas like automation and cloud computing."

This still doesn't mean it's easy to get a job in Malaysia - you have to be the "right talent and a right fit", he stresses.

Malaysian Employers Federation executive director Datuk Shamsuddin Bardan says Johor, Malacca, Penang, Sarawak and Selangor accounted for 88.5% of total approved investments in the country last year.

The approved manufacturing projects translated to over 50,000 job opportunities with 33.9% in experienced, highly skilled jobs, including in the areas of E&E, mechanical and chemical engineers, and skilled craftsmen, he says.

Zooming in on Penang, he says a well-developed local supply chain, established infrastructure, and a supportive ecosystem have contributed to the state's reputation as a global hub for E&E.

"Employment opportunities will grow with foreign investment. While there have been retrenchments in some E&E companies, there is no massive retrenchment exercise in Penang despite some mergers and acquisitions activity."

Penang Freight Forwarders Association (PFFA) vicechairman P. Kalimuthu welcomes the Robert Walters forecast as about 70% of its business is semiconductor and E&E related. Based on last year's 3% contraction of cargo handled at Penang International Airport, PFFA had predicted growth in the industry would be flat this year.

"If the semiconductor and E&E industry is expected to be robust, of course we'll be very happy because it forms a large chunk of our industry. Hopefully, instead of another contraction, we'll see an expansion."

PFFA president Krishnan Chelliah, however, predicts minimal growth - if any at all. It's still a challenge for industry players, he says. The shrinking ringgit benefits exporters but the global slowdown, especially in China, will impact growth, he feels.

InvestPenang director Datuk Lee Kah Choon says the E&E sector is cyclical like most businesses. And it's very much tied to the general global economic growth. With a subdued general global forecast, the E&E sector will most likely maintain its current growth momentum. The depreciating ringgit is also a positive factor - at least in the short term if manufacturers are exporting in US dollars.

"Investment in Penang has been consistent over the years. It's a favourite destination for investors looking for a strong E&E supply chain and a talented and trained work force."

He, however, feels we must do more to upgrade our education system. "We must produce an industry-ready and industry-needed workforce," he stresses.

On Thursday, Osram Opto Semicondustors inked a deal with Penang Development Corporation (PDC) to expand its factory in the state. The Penang Government has approved the construction and lease of a RM15.5mil building.

During the event, Penang Chief Minister Lim Guan Eng shared how Penang recorded RM8.2bil in investments in 2014, a 110% increase compared to RM3.9bil in 2013. Between 2008 and 2014, the state recorded investments of RM48.2bil, a 93% increase compared to the period between 2001 and 2007.

Describing the Osram deal as a strategic investment for the state, Lim says the company's expansion will focus on high-skilled business and technology roles which will create high value employment for Penang talent.

Source | The Star Malaysia

Boldly go. LLAP

VulcanInternational could be contacted at +6 016 451 1321 | #VulcanInternational | #VulcanFocus | #YouCallWeMatch

More details: http://vulcaninternational.blogspot.com .

You're welcome to write your constructive comment below.