Image source: trx.my

Mulia Property Development Sdn Bhd, the developer of Exchange 106, aims to have a 50% occupancy rate at the Tun Razak Exchange (TRX) by the end of 2020. They are slated to get their full Certificate of Completion and Compliance (CCC) for Exchange 106 in the coming weeks.

Obtaining the CCC will ensure the tenancy process to proceed smoothly. According to Bernama, as of now the lower half of the building is open for occupancy.

Said Patrick Honan, General Manager of Mulia Property Development, “We are lucky, as after three years of construction, we will be achieving the full CCC within the coming weeks. Currently, we have partial CCC up to level 57, which enables us to have tenants in the tower, as well as getting the office space ready for occupation. Physically, we have done a handover (ceremony) to two tenants to-date and the first tenant will be operating in the new year.”

Exchange 106 stands 492 metres tall, is the world’s 6th tallest office building and is the tallest building in Malaysia. Exchange 106 is designed to bring the drive and energy of international hubs like Canary Wharf, New York’s World Trade Centre, and Shanghai’s International Finance Centre to this part of the world.

According to Honan,“The tower has about 2.6 million sq ft space, equivalent to five office buildings, and the occupancy rate is picking up. We are looking at up to 20% occupancy by the first quarter of 2020, and expect to increase this to 50% by the end of next year.

“We are part of the master plan development (of the TRX) and this is one of the many buildings. As development matures, tenancy will pick up. We have the first tenant coming in 2020.”

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(11 December 2019)