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KONE wins order for luxury residential development in the heart of Kuala Lumpur

Press Release Published 07/20/2016

KONE Malaysia, press release, July 20, 2016

KONE, a global leader in the elevator and escalator industry, has won an order to supply 26 elevators to Star Residences, a luxury residential and commercial development in the heart of Malaysia’s capital, Kuala Lumpur.

Star Residences will be one of the tallest mixed-use developments in the Kuala Lumpur City Center (KLCC) district upon its completion in 2019. The development, covering a 1.6 hectare site, comprises of three 58-storey residential towers and a retail, food and beverage, and entertainment hub. Star Residences also boasts three “skyparks” that overlook the iconic Petronas Twin Towers. The development is strategically located with easy connectivity to neighboring locations, including the Kuala Lumpur Convention Center and Bukit Bintang, a major tourist hub.

KONE will deliver eight KONE MonoSpace® elevators and 18 KONE MiniSpace® elevators to Star Residences. The elevators can reach travel speeds of up to 5 m/s and are connected to the KONE E-LinkTM remote monitoring solution that provides real-time information and statistical reports on equipment performance.

“Star Residences is a rising star in the heart of KLCC, and KONE is very happy to serve everyone who visits or resides in this prestigious development with our high quality equipment," says Neeraj Sharma, Executive Vice President for KONE Asia-Pacific.

Star Residences is developed by Alpine Return Sdn Bhd, a joint-venture company of Symphony Life Berhad and United Malayan Land Berhad.

The order was booked in the first quarter of 2016.

For further information, please contact:
Jove Xu, Marketing and Communications Manager, Southeast Asia, KONE Pte Ltd, tel. +65 6424 6246, jove.xu@kone.com
About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com

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