IGB Corp Bhd has invested RM15 million into Mid Valley City to enable fibre-optic connectivity throughout the mixed-development hub, and recently received MSC Malaysia Cyber-centre status under the MSC Malaysia National Roll-Out plan.

The Garden Towers have been designated to house the MSC Malaysia-status companies and rental rates average between RM6 and RM7 psf. These rental rates are similar to Grade A buildings in Kuala Lumpur.

Mid Valley City Gardens Sdn Bhd chief executive officer Anthony Barragry said some 300,000 sq ft of office space have been reserved exclusively for these companies.

Barragry added that he was confident the rental would provide the firm with a sustainable yield, adding that they were currently in talks with potential tenants for the 35-storey North and South Towers that have more than one million sq ft of gross lettable area.

Apart from high speed broadband access for firms, Mid Valley City also has incubation facilities to aid small and medium industries.

Multimedia Development Corp chief executive officer Datuk Badlisham Ghazali noted that several multinational companies have shown strong interest in setting up at Mid Valley City. According to him, many companies are looking at centralised business community portals. To date, there are about 15 cyber-cities and cyber-centres in the country.