Klang Valley Office Space for Rent

Big tenants for Exchange 106

Thursday, 11 Jan 2018

About half of 106-storey building’s floor space taken up

KUALA LUMPUR: The Exchange 106 has signed up some large institutions to be its tenants as it populates the floors of the country’s tallest tower, which will be completed by the end of this year.

All of the prospective tenants who signed up are “big space users” and are predominantly…

Wisma Selangor Dredging sold for RM480mil; special dividend in store

  KUALA LUMPUR: Selangor Dredging Bhd (SDB) is selling its headquarters Wisma Selangor Dredging, located in the city centre, for RM480mil in cash. In a filing with Bursa Malaysia, the property developer said it expected to make a gain of RM146.8mil from the proposed sale. This translates into a 32-sen improvement in…

Prudential to move to Tun Razak Exchange by 2019

KUALA LUMPUR: Prudential will be relocating its headquarters to a 27-storey building in the upcoming Tun Razak Exchange here, Malaysia’s first dedicated international financial district.

Slated for opening by 2019, the building will house all of Prudential’s life insurance and asset management businesses in Malaysia under one roof.

Master…

Amanahraya REIT buys Intermark’s Vista Tower for RM455m

KUALA LUMPUR (Sep 7): Amanahraya Real Estate Investment Trust (ARREIT) is acquiring Vista Tower, a 63-storey office building, from The Intermark Sdn Bhd for RM455 million in cash.

The office tower with two concourse levels and three basement levels has a land area of  228,948 square feet, according to a filing with Bursa Malaysia by the…

China’s CCCC to make KL its Asean hub, build tower at TRX

China’s CCCC to make KL its Asean hub, build tower at TRX

  CCCC’s land at TRX is near Land Lease Lifestyle Quarter’s mall (above) there.

BEIJING: China Communications Construction Co Ltd (CCCC) intends to make Kuala Lumpur its hub for the Asean region as the port and construction group expands its footprint here.

“We will set up our regional centre in Kuala Lumpur,” CCCC vice-president…

KL prime office sector to see 2.5% rent growth in next three years — Knight Frank  

Holt: Rental growth prospects across the major cities in Asia-Pacific look positive over the next three years. (Photo by Low Yen Yeing/EdgeProp.my)

  KUALA LUMPUR (Oct 11): Knight Frank has forecast a 2.5% growth in prime office rents in Kuala Lumpur over the next three years, a growth rate which is ahead of…

BNM governor highlights imbalances in property market as significant risk to overall economy in event of shock November 17, 2017 13:51 pm +08

KUALA LUMPUR (Nov 17): The imbalances in the property market pose significant risks to the overall market in the event of a shock, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim as he briefed the media on the country’s economic…

IJM Construction bags RM378m job from See Hoy Chan

IJM Construction bags RM378m job from See Hoy Chan

KUALA LUMPUR: IJM Corporation Bhd’s construction unit has secured a RM378mil contract to build an environmentally-friendly corporate office tower in Damansara Uptown, Petaling Jaya.

It said on Monday its IJM Construction Sdn Bhd was awarded a contract from Damansara Uptown Retail Centre Sdn Bhd, a subsidiary of See Hoy Chan Sdn Bhd group, for the…

Tech changing office space trend as price down

Tech changing office space trend as price down

Thursday, 12 Oct 2017

Report launched: (from left) Sarkunan, InvestKL CEO Datuk Zainal Amanshah and Knight Frank Asia-Pacific head of research Nicholas Holt at the launching of Global Cities: The 2018 Report.

  KUALA LUMPUR: Technology is not only creating ripples in the retail scene. Two obvious trends are emerging in the Klang Valley office…

Mulia Group Signature Tower – Tun Razak Exchange TRX

Mulia Group Signature Tower – Tun Razak Exchange TRX

Signature Tower in Tun Razak Exchange or TRX Kuala Lumpur is build by China at a record speed of 1 floor in 3 days. Arguably the fastest construction in Malaysia so far.

The 106-story Signature Tower is 452.37 meter tall tower covering a total floor area of 380,000 sqm will become the tallest building constructed by Chinese company outside of…

HSBC Bank M’sia appoints IJM to build its HQ at TRX

HSBC Bank M’sia appoints IJM to build its HQ at TRX

KUALA LUMPUR: HSBC Bank Malaysia Bhd has appointed IJM Corp Bhd unit,  IJM Construction Sdn Bhd as the contractor to design and build its headquarters at the Tun Razak Exchange (TRX), Kuala Lumpur.

In a filing with Bursa Malaysia, IJM said the contract, worth RM392mil, did not include lift and facade works.

The company said the 37½-month…

PHB to sell Menara Bumiputra-Commerce in KL

  PELABURAN Hartanah Bhd (PHB), which has close to RM6 billion worth of commercial assets and land, has decided to sell its 39-storey Menara Bumiputra-Commerce in Jalan Raja Laut in Kuala Lumpur for as much as RM560 million, sources say.

If sold, the 10-year-old building could be the real estate investment firm-cum-property developer’s first asset sale.

PHB group managing director Datuk…

Leasing market likely to remain challenging

Leasing market likely to remain challenging

THE leasing market for prime office space in Kuala Lumpur is expected to remain challenging as new supply comes in.

Rents for older buildings in the Golden Triangle may come under pressure as landlords look for tenants to backfill space vacated by companies that are either downsizing or moving out of the area.

The Golden Triangle is the…

Demand for offices outside KL city centre

Demand for offices outside KL city centre TheEdgeProperty.com

June 26, 2017 15:17 pm MYT

(June 23): Business owners looking for office space in the Klang Valley for their operations will find themselves spoilt for choice in the current slow market, with the wide selection of new office developments that offer various facilities, convenience, competitive rental and perks such as…

The office market situation in Malaysia

The office market situation in Malaysia

  (From left) Wong, S P Setia Bhd head of group leasing Ng Wei Ling, Yam, Regina, Eric, Au and Buckley before the start of the roundtable held at Setia International Centre, KL. (Photo by Low Yen Yeing/TheEdgeProperty.com)

The current oversupply of office buildings especially in the Klang Valley has been plaguing the industry in recent years, but are we…

UOA Business Park @ Saujana – Grade A Corporate Office Space in Subang

UOA Business Park @ Saujana – Grade A Corporate Office Space in Subang

UOA Business Park – Corporate Office Space Subang / Glenmarie Jerome Lim  +6019-288-0689

UOA Business Park is a mix commercial development by UOA. It comprise of 9 blocks of boutique offices and a row of retail shops prominently aligned along Federal Highway, the linearity of the development provides maximum visibility to the…