MENARA TM - ICONIC BUILDING , KL Fringe-Bangsar South Corridor, Kampung Kerinchi (Bangsar South)
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Sale RM 700,000,000

MENARA TM - ICONIC BUILDING , KL Fringe-Bangsar South Corridor, Kampung Kerinchi (Bangsar South)

Menara TM, Jalan Pantai Baharu, 50672 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, KL Fringe-Bangsar South Corridor, 50672, Kuala Lumpur

  • Built-up : 989,200 sq. ft.
  • Land area : 330,538
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    Points of Interest data: Private & international schools from Schooladvisor.my; Tertiary education from Afterschool.my; Public schools from Ministry of Education Malaysia; Medical from Ministry of Health Malaysia (‘Public schools’ & ‘Medical’ data & information subject to the Terms of Use of the Government's Open Government Data 1.0); Transport is a compilation of data from various sources. iProperty.com Malaysia Sdn Bhd and its group of companies (“Company”) do not guarantee the accuracy and correctness of the data and disclaims any liability thereon.

    MENARA TM - ICONIC BUILDING , KL Fringe-Bangsar South Corridor, Kampung Kerinchi (Bangsar South)

    ICONIC BUILDING FOR SALE
    
    One of the Top 10 tallest buildings in Malaysia is now for sale. Instantly recognizable in the Kuala Lumpur skyscraper landscape, Menara TM is a 55-storey freehold purpose-built office tower located in a prime location within the heart of KL Sentral-Bangsar South corridor with excellent proximity to established shopping malls, hotels, residential and other commercial developments. The office building is just minutes drive away from KL Sentral, Mid Valley City, KL Eco City and Bangsar South. This is a rare opportunity to acquire en-bloc commercial real estate within the KL Sentral-Bangsar South Corridor.
    
    MULTIPLE COMPONENTS - Consisting of office tower with helipad, convention centre, multipurpose hall, mosque, childcare centre, sports complex, clinic, physio centre and over 1,700 carpark.
    
    SIZE :
    Land Area - 30,708 sqm
    Office NLA - 91,900 sqm
    
    HIGHLIGHTS :
    ▪ Fully Occupied (Currently for sale with 100% occupancy and an average 86% office occupancy for surrounding buildings)
    ▪ Transit-Oriented Development - walking distance to Kerinchi & Universiti LRT Station
    ▪ Approximately 1,700 car park bays in basement accessible by multiple entrances from Ground level
    ▪ Major capital improvements on key facilities spent
    ▪ RM17.25million spent on building upgrades
    ▪ RM55million pipeline upgrades in 2022
    ▪ MSC Cybercentre Complex Status
    ▪ 2020 Runner Up National Energy Awards for Energy Efficiency in Large Building
    ▪ Signage and naming rights with high visibility and iconic building
    ▪ Facing Federal Highway – traffic volume over 1 million cars daily
    
    This is a sale due to the maturity of an Asset Backed Security (ABS) Sukuk (bond) issuance. The assets are now required to be sold in order to repay the Sukuk subscribers, as such we encourage all to bid.
    
    Exclusive Marketing Agent - CBRE|WTW
    - For Sale by Expression of Interest (EOI), interested parties to contact Ms Charlene at 016-2930660  or Ms Fara at 013-2751145. Deadline for bid submission falls on 18th March 2022, 12.00pm.

    Property Details

    Property Type:
    Office
    Land Title:
    Commercial
    Property Title Type:
    Individual
    Tenure:
    Freehold
    Built-up Size:
    989,200 sq. ft.
    Built-up Price:
    RM 707.64 per sq. ft.
    Land Area Size:
    330,538 sq. ft.
    Land Area Price:
    RM 2117.76 per sq. ft.
    Furnishing:
    Fully furnished
    Occupancy:
    Tenanted
    Reference No.:
    103008328
    Available Date:
    07 Feb 2022
    Posted Date:
    07 Feb 2022

    Property Features

    Air conditioner
    Balcony

    Facilities

    24-hours security
    Parking
    Mini market
    Gymnasium
    Cafeteria
    Nursery

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