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Old September 7th, 2019, 12:36 AM   #1621
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Quote:
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What have they thought when they finished the tower before the surrounding area? Who planned something like this?
this is usual in KL
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Old September 7th, 2019, 12:45 PM   #1622
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Any news on confirmed tenants yet? This should be a key concern for such a huge office tower completing in an already highly oversupplied office market.
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Old September 7th, 2019, 03:23 PM   #1623
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Almost half of The Exchange 106 leased out
January 12, 2018 16:26 pm +08
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PETALING JAYA (Jan 12): The Exchange 106 — which, upon its completion by the end of this year, will be the tallest building in Southeast Asia at 492m — has leased out almost half of its space, reported The Star.

Citing a source, the publication said about 47% of the 2.6 million sq ft of floor area in the building had been formally signed, while 9% of the space is still under negotiation.

Leasing, which began about a year ago, is open from level 62 currently.

Most of the tenants of the 106-storey office tower, which is a landmark within the Tun Razak Exchange (TRX), are “big space users” from the local financial and lending sector, said the source.

These tenants are expected to take up between two and eight floors, each measuring 34,000 sq ft, making them the largest columnless floor spaces in the country.

The Exchange 106 has an asking rent of RM17 psf, which is notably higher than the RM13 psf sought by Menara 3 Petronas, which is part of the Petronas Twin Towers development.

However, Savills Malaysia executive chairman Datuk Christopher Boyd told The Star that the various incentives and favourable tax practices given to the building are equivalent to RM2 psf, bringing the effective rental to below RM17 psf.

“Mulia is benchmarking itself against some of the most famed developments around the world, the glass and steel structures in London’s Canary Wharf, The Shard, also of London, New York’s Freedom Tower which is also known as 1 World Trade Centre and Shanghai’s International Finance Centre,” said a source.

The Edge weekly reported that a 51% stake in the building’s developer Mulia Property Development Sdn Bhd was allegedly acquired by MKD Signature Sdn Bhd from Mulia International Ltd, part of Indonesian conglomerate Mulia Group, about two to three months ago.

It is unknown how much was paid for the 51% stake in the company.

A filing on MKD Signature shows that its directors are officials from the Minister of Finance (MoF), and that it has an unsatisfied RM2 billion charge created on Sept 15, 2017, from HSBC Bank Malaysia Bhd.

Meanwhile, the company is wholly owned by Sentuhan Budiman Sdn Bhd, where its directors and shareholders are also MoF officials.
https://www.theedgemarkets.com/artic...106-leased-out
https://www.theedgemarkets.com/artic...106-leased-out
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Old September 7th, 2019, 03:47 PM   #1624
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TRX also house Kuala Lumpur’s largest underground MRT station
Read more at https://www.thestar.com.my/business/...YuCdMPb2rg0.99

TRX Interchange Station (Line 9 + Line 12)
https://www.google.co.th/maps/uv?hl=...px8wFXoECA4QCw













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Last edited by nazrey; September 7th, 2019 at 03:53 PM.
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Old September 7th, 2019, 04:35 PM   #1625
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This station can direct connect with KL118 Tower by line 9 and Petronas Towers by line 12 as well
KL is gonna fun!
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Old September 7th, 2019, 04:47 PM   #1626
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This is a really beautiful building. The Exchange 106 seems like a worthy successor to the Petronas tallest building title for 29 years. At least until KL118 takes the Exchange down without any competition
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Old September 7th, 2019, 05:53 PM   #1627
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Quote:
Originally Posted by Carlyle1 View Post
Any news on confirmed tenants yet? This should be a key concern for such a huge office tower completing in an already highly oversupplied office market.
Accenture will be one of the tenants.
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Old September 10th, 2019, 06:28 PM   #1628
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Sorry if this is not about the building but I have very mixed feelings about that brand new MRT2 train...
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Old September 11th, 2019, 07:07 PM   #1629
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Old September 13th, 2019, 12:31 PM   #1630
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Is that a futsal court up there?
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Old September 13th, 2019, 06:14 PM   #1631
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Is that a futsal court up there?
That's the new 18th hole for one of the neighbouring Royal Selangor Golf Club courses...
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Old September 14th, 2019, 05:11 AM   #1632
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Always wondered why completion of this 106 has been delayed so many times. I saw articles saying they want to complete last year and then this year and suddenly no news. Now become next year??

In this oversupplied market, do office tenants spoilt with choice wait for a building to complete?
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Old September 14th, 2019, 06:35 AM   #1633
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This tower build at a speed of one floor in three days by the China State Construction Engineering Corporation.

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Old September 15th, 2019, 06:38 PM   #1634
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I will visit KL in November. Can i vist the tower? Is there an observation deck?
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Old September 16th, 2019, 02:53 AM   #1635
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I don't expect the building to be open then.
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Old September 16th, 2019, 02:53 PM   #1636
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FASTEDDI
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Old September 17th, 2019, 12:38 AM   #1637
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Glow of The Exchange 106 by KamrenB Photography, on Flickr
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Old September 19th, 2019, 03:33 AM   #1638
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A friend of mine just went to the media briefing for this project and he is a broadcast journalist. According to him, it has been mentioned during the briefing that the Exchange 106 is 492 meters in height.
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Old September 19th, 2019, 03:42 AM   #1639
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Quote:
Originally Posted by Tom_Green View Post
I will visit KL in November. Can i vist the tower? Is there an observation deck?
I doubt that Exchange 106 has an observation deck anyway... But if you want great views of KL-from-above (and hopefully the nasty haze is gone by then), might as well go for the ones in either KL Tower or the Petronas Twins...

In fact, the latter used to have just the Skybridge visit but it has been expanded to include the deck at Level 86!
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Old September 22nd, 2019, 02:47 PM   #1640
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Exchange 106 already received their CPC on 16th September 2019...so that....something like OC will be happen in October .....
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