The 5th Floor Global Co-Working Space to Open Fourth Location in Malaysia this Year

Kuala Lumpur Location Set to Open October 2022

Orlando, FL (September 7, 2022) – Avalon Park Group and sitEX International, “APG”, announced that The 5th Floor is adding to their global presence with an expansion to Kuala Lumpur, the capital of Malaysia. The 1,400 sf workspace will be located at D7 Sentul, a charming and vibrant space in the heart of Kuala Lumpur.

This marks the fourth location of The 5th Floor brand over the last two years. The first location opened in 2020 in Basel, Switzerland and two others, Orlando, Florida, and San Juan, Puerto Rico, opened up in 2021.

“The growth of Sentul in Kuala Lumpur over the past few years reflects Launchpad and The 5th Floor’s philosophy of bringing fresh eyes to conventional approaches, while still respecting the foundations that have been laid,” says Ravi Kumar, Partner of Launchpad and Executive Director of The 5th Floor Malaysia. “With historic buildings like the Sentul Depot across the road, and the MSC Malaysia Cybercentre Zone next door, this location is truly the intersection of history and innovation. Choosing D7 Sentul as the home of The 5th Floor allows us to celebrate Malaysia’s past and future, and pushes forward our vision for the country and Asia Pacific as a whole.”

The D7 building is a project by YTL Group that offers retail and office spaces, as well as trendy cafes throughout. The 5th Floor Malaysia will bring creative, innovative ideas to the area. Members have access to a business hub environment that includes private offices, dedicated desks, multiple hot desks, unlimited virtual offices, conference rooms, presentation and event rooms, and your very own business mail address.

“The expansion to Malaysia is the beginning of our deepening focus on the Southeast Asian region. We see it as a key growth area as supply chains continue to diversify,” says Beat Kahli, President and CEO of Avalon Park Group/sitEX. “Expanding The 5th Floor to Malaysia will allow for our members to thrive in a growing environment as well as make global connections.”

This new location is set to open by October 24, 2022.

For more information on The 5th Floor, visit the5thfloor.com.

About Avalon Park Group
Avalon Park Group is a uniquely diversified family of companies engaged in businesses ranging from master-planned community development to health care services, mining, and property management, in Florida, Texas, and Switzerland. With more than $1 billion in total assets, Avalon Park Group combines its exceptional reputation, sound business experience, and significant financial resources to invest in extraordinary opportunities. At Avalon Park Group, our mission is to change the way the world lives, learns, works, and plays by creating healthy sustainable communities and every aspect thereof. For more information on Avalon Park Group, visit www.AvalonParkGroup.com or call 407-658-6565.

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Beat Kähli

In dieser Funktion seit: 29.6.2017

Beat Kähli ist verheiratet und Vater von vier Kindern. Das Amt als CEO von sitEX übernahm Beat Kähli im Juni 2017 im Zuge der strategischen Neuausrichtung der Gesellschaft. Er ist seit 2011 Mitglied des Verwaltungsrates von sitEX. Als Gründer und CEO der Avalon Park Group hat er mehr als 20 Jahre Erfahrung in den Bereichen Immobilien, Investmentbanking und Finanzberatung. Er ist Mehrheitsaktionär, Partner und CEO von mehreren Gesellschaften aus verschiedenen Industrien. Unter anderem hat er das Immobilienprojekt «Avalon Park» nahe Orlando mit einem Gesamtvolumen von USD 1,5 Mia. lanciert. Dieses gehörte mehrere Jahre zu den erfolgreichsten Immobilienprojekten in Florida. Weiter war Beat Kähli erfolgreicher Unternehmer in der Zementindustrie. Sein Unternehmen Prestige wurde zum grössten unabhängigen Betonproduzenten im Bundesstaat Florida. 2007 verkaufte er die Prestige-Gruppe erfolgreich an einen ausländischen Betonhersteller. Beat Kähli sitzt im Verwaltungsrat von verschiedenen Unternehmen in der Schweiz und den USA.

Dr. Christoph Stutz

In dieser Funktion seit: 29.6.2017

Dr. Christoph Stutz aus Basel ist Jurist mit Schwergewicht auf Bau- und Planungsrecht, speziell Quartierplan- respektive Bebauungsplanverfahren zur Umzonung bestehender grösserer Areale. Seit 1997 führt er die eigene Firma Büro Dr. Stutz, Projektmanagement und Immobilienentwicklung. Er ist Verwaltungsrat in verschiedenen Gesellschaften der Immobilien- und Baunebenbranche sowie der Energiebranche. Seine früheren Tätigkeiten im öffentlichen Transportwesen, im Gesundheitswesen und als Regierungsrat des Kantons Basel-Stadt verschaffen ihm ein breites Wissens- und Erfahrungsfeld. Zu den grösseren Projekten unter seiner Mitwirkung zählen beispielsweise die Gesamtleitung der Überbauung «Bahnhof Ost, Peter Merian Haus und Jacob Burckhardt Haus» mit einem Investitionsvolumen von CHF 700 Mio. und einer Bruttogeschossfläche von mehr als 100 000 m². Weiter war er mitverantwortlich für die Erstellung mehrerer Stockwerkeigentumsüberbauungen und Mietwohnungsbauten in Basel, Rheinfelden, Oberwil, Ettingen, Allschwil, Liestal, Laufen und Schlieren mit Investitionsvolumina zwischen CHF 10 Mio. und CHF 75 Mio. Er war überdies Mitglied des Steuerungsausschusses für die städtebauliche Entwicklung des Grossareals Klybeck plus (260 000 m²) in Basel mit den drei Partnern Novartis – BASF – Kanton Basel-Stadt. Zudem leistet war überdies Mitglied des Stiftungsratsausschusses der Fondation Beyeler Basel/Riehen wesentliche ehrenamtliche Arbeit.

Thomas Giese

In dieser Funktion seit: 2010

Thomas Giese begleitet sitEX bereits seit ihrer Gründung als Mitglied des Verwaltungsrates. Er startete seine Berufslaufbahn bei Nestlé in Frankfurt und New York. Er arbeitete in verschiedenen globalen Managementfunktionen bei Nestlé, Cereal Partners Worldwide und E*Trade. Im Jahr 1999 gründete er die Investmentgesellschaft C.S.I. Capital Strategies International GmbH in Frankfurt am Main. Mit seiner Kompetenz für die Analyse von Investitionsopportunitäten und für das Risikomanagement ergänzt er den Verwaltungsrat auf ideale Weise.

Marybel Defillo

In dieser Funktion seit: 29.6.2017

Marybel Defillo kam im Frühjahr 2017 zu sitEX, wo sie über die nahestehende Gesellschaft Avalon Park Group mit Sitz in Orlando (FL), USA, als Chief Financial Officer tätig ist. Sie verfügt über mehr als 15 Jahre Erfahrung im Bereich Wirtschaftsprüfung, hauptsächlich bei führenden amerikanischen Unternehmen. Während ihrer Tätigkeit im Bereich der Wirtschaftsprüfung war sie hauptsächlich für Unternehmen der Bau- und Immobilienbranche, des verarbeitenden Gewerbes und des Gross- und Einzelhandels tätig. Marybel Defillo hat einen Bachelorabschluss in Rechnungswesen und einen Masterabschluss in Finanzen und ist in Florida zugelassene Wirtschaftsprüferin. Sie ist Mitglied des American Institute of Certified Public Accountants und des Florida Institute of Certified Public Accountants.

Andreas Derzsi

In dieser Funktion seit: Juli 2013

Andreas Derzsi begleitet sitEX seit Juli 2013 als Sekretär des Verwaltungsrates. Andreas Derzsi besitzt einen Bachelor of Arts der Universität St. Gallen (HSG) in Betriebswirtschaft sowie einen Master of Science in Investment Management der Cass Business School in London. Vor seiner Zeit bei sitEX war er im Bereich Private Equity, Unternehmensberatung, internationale Beziehungen sowie Business Development in Zürich und Singapur tätig.

Andreas Derzsi

In this office since: July 2013 

Andreas Derzsi has been Secretary of the Board of Directors of sitEX since July 2013. Andreas Derzsi holds a Bachelor of Arts degree in Business Administration from the University of St. Gallen (HSG) and a Master of Science in Investment Management from Cass Business School in London. Before joining sitEX, he worked in private equity, management consulting, international relations and business development in Zurich and Singapore

Marybel Defillo

In this office since: 06/29/2017 

Marybel Defillo came to sitEX in the spring of 2017 and serves as Chief Financial Officer through the associated company Avalon Park Group located in Orlando (FL), USA. She has over 15 years of public accounting experience mainly from top US national firms. While working in public accounting, she mainly served companies in the construction, real estate, manufacturing and wholesale/distribution industries. Marybel Defillo holds a Bachelor’s degree in Accounting and a Master’s degree in Finance and is a Florida-licensed Certified Public Accountant (CPA). She is a member of the American Institute of Certified Public Accountants and the Florida Institute of Certified Public Accountants.

Thomas Giese

In this office since: 2010 

Thomas Giese has been a member of the Board of Directors of sitEX since its founding. He started his career with Nestlé in Frankfurt and New York. He has held various global management positions at Nestlé, Cereal Partners Worldwide, and E*Trade. In 1999 he founded the investment company C.S.I. Capital Strategies International GmbH in Frankfurt am Main. With his expertise in the analysis of investment opportunities and in risk management, he ideally complements the Board of Directors.

Beat Kähli

In this office since: 06/29/2017 

Beat Kähli is married and father of four children. He has served as CEO of sitEX since June 2017. Beat Kähli has been a member of the board of sitEX since 2011. As the founder and CEO of Avalon Park Group, he has over 20 years of experience in the fields of real estate, investment banking and financial consulting. He is the controlling shareholder, partner and CEO in a wide range of corporations spanning multiple industries. His successful projects include the development of Avalon Park Orlando, a real estate development which was the number one selling development in the Orlando area for several years with a total value upon completion of USD 1.5 billion. Beat Kähli has also found success in the concrete industry. His company Prestige became the largest independent concrete producer in the State of Florida. In 2007, the Prestige group of companies was sold to a foreign concrete manufacturer. Beat Kähli serves on the board of various companies and organizations in Switzerland and the United States of America, where he also provides direction and guidance for operations, including the development of strategic alliances and joint venture relationships. 

Mr. Kähli has been named by the Orlando Business Journal as one of the Top Ten Most Influential Businessmen and the Reader’s Choice, Most Respected CEO in Central Florida. He has also been recognized by the Orlando Business Journal as Top Ten Most Influential Newsmakers and Top Ten Most Influential Businessmen in Central Florida. Additionally, the Orlando Magazine awarded Beat Kähli the honor of one of the 50 Most Powerful People in Orlando for three consecutive years.

Dr. Christoph Stutz

In this office since: 06/29/2017 

Dr. Christoph Stutz from Basel is a lawyer with a focus on building and planning law, in particular district and development planning procedures for the rezoning of existing larger areas. Since 1997 he runs his own company Büro Dr. Stutz, project management and real estate development. He is a member of the Board of Directors of various companies in the real estate, ancillary construction and energy sectors. His former activities in public transportation, health care and as a member of the cantonal government of Basel-Stadt provide him with a broad field of knowledge and experience. Among his larger projects are, for example, the overall management of the “Bahnhof Ost, Peter Merian Haus and Jacob Burckhardt Haus” development with an investment volume of CHF 700 million and a gross floor area of more than 100,000 m². He was also jointly responsible for the construction of several condominium and rental apartment buildings in Basel, Rheinfelden, Oberwil, Ettingen, Allschwil, Liestal, Laufen and Schlieren with investment volumes of between CHF 10 million and CHF 75 million. He was also a member of the steering committee for urban development at the Klybeck plus site (260,000 m²) in Basel with the three partners Novartis – BASF – Canton Basel-Stadt. As a member of the Foundation Board committee of the Foundation Beyeler Basel/Riehen, he also performs important voluntary work.