A popular nightspot of Kuala Lumpur, Menara CMY (also known as Wisma CMY) is located along Jalan Ampang. It is a 15-storey high building having 3 high speed lifts, centralized air conditioning, fiber optic ready, complete with under floor trucking system, broadband internet and more. Parking is aplenty with indoor and outdoor bays to serve the many offices there along with 24-hour security and Telco for the area are which is provided by Maxis, Telekom and Time. Strategically situated at the intersection of Jalan Ampang and Jalan Mayang, the office tower boasts prime frontage and key exposure to traffic. Right across Menara CMY is Avenue K which is another hip shopping haven for locals and tourists alike. Also with the iconic Petronas Twin Towers or KLCC, it is just 7 minutes walking distance away along with other popular businesses, hotels, banks, restaurants and clubs. Menara CMY was previously owned by KCB Group who purchased the building in 1985 for RM44.08 million or RM517 per square feet and was known as Menera Kemayan. KCB Group was struggling to pay off debts so it released the building and Datuk Chua Ma Yu (Waterfront Assets) better known for founding RHB Group, then paid a worthy amount of RM34 million in 2005 for the building with An additional RM5 million for refurbishing the entire property.