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 developer TRX City Sdn Bhd CEO Datuk Azmar Talib said it now moves even closer towards realising TRX as a truly international financial district, with the confirmed participation of some of the world’s top banks and financial institutions.

The commercial tower, currently under construction, is developed by TRX. The Prudential plot is adjacent to TRX’s main pedestrian gateway from the Bukit Bintang area.

Currently, Prudential’s offices are spread out across Jalan Sultan Ismail and Bukit Bintang. The move will consolidate all its operations in the new building, which will include a walk-in customer service centre.

Prudential has been in Asia for more than 90 years, with Malaysia as its longest established operation in the region.

To date, TRX has signed global property and infrastructure group Lendlease to jointly develop the Lifestyle Quarter; HSBC Malaysia and Affin Bank Bhd for office towers; Indonesia’s leading property developer Mulia International to build Signature Tower; Lembaga Tabung Haji and WCT Bhd for residential plots, and global leader in water management Veolia Water Technologies as the water treatment and recycling concessionaire.

Source : http://www.thesundaily.my/node/473415

Menara Prudential @ Jalan Sultan Ismail - Grade A Office Tower For Rent

Menara Prudential - Grade A Office Tower for Rent - Jerome Lim

Menara Prudential or KL33 is a Grade A Corporate Office Tower located near the intersection of Jalan Sultan Ismail and Jalan P.Ramlee. It is directly opposite Shangri-La Hotel in KL Golden Triangle.

This 32 storey modern glass facade building provides business facilities such as Auditorium, Function Area, Training Room and Electrical Power Redundancy supply to meet all business need.

Available Unit : 8,000 sqft
Asking Rental : RM 7.50 per sqft

For more information and viewing arrangement,please contact:

Mr Jerome Lim

+60-19-288-0689 | jeromelim17@gmail.com

http://www.searchofficekl.com | http://www.gofindoffice.com

Menara Prudential Building Sold!

KL 33 Properties buys Menara Prudential Building for RM125 mil

February 17, 2017 4:28 PM

 

PETALING JAYA (Feb 17): Property investment and holding company KL 33 Properties Sdn Bhd has acquired Menara Prudential (pictured) in Kuala Lumpur city centre for RM125 million, according to JLL Malaysia who is the transaction advisor on behalf of the seller — OCBC Properties (M) Sdn Bhd.

“We are pleased to have supported both the seller and buyer on their exit and growth strategy throughout the transaction.

“This transaction has presented a rare opportunity for the purchaser to own a Grade A asset in an easily-accessible location with high quality office space.

“Given the improved public transport infrastructure in Kuala Lumpur, we’re starting to see a spike in demand for projects with good connectivity,” said JLL Malaysia country head, Y Y Lau.

Located in Kuala Lumpur city centre’s prime financial district, the 24-storey Menara Prudential is set along the bustling Jalan Sultan Ismail and has a net lettable area of 164,706 sq ft. It also serves as the head office for its anchor tenant, Prudential Assurance Malaysia.

Meanwhile, KL 33 Properties property director, Mike Kan said the company would like to bring the building up to the high standards of modern offices.

“We plan to undertake a major transformation programme to see the building refreshed with IT facilities, an intelligent building system, a modern and revamped entrance lobby and refurbished interiors,” he said.

JLL Malaysia has advised OCBC Bank (M) Bhd on the sale of two buildings — a four-storey commercial building along Jalan Hang Kasturi in Kuala Lumpur and a three-storey heritage building at Lorong Hang Jebat in Melaka previously in 2015 and 2013, respectively.

Source : The Edge Property