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- The uptake was bolstered by an expansion from existing tenant Urban Pinnacle Ventures Sdn Bhd, which signed an additional 134,000 sq ft, bringing the total occupancy to nearly 250,000 sq ft.
KUALA LUMPUR (Oct 17): Exchange 106 in Tun Razak Exchange (TRX), Kuala Lumpur, on Friday announced it has reached 75% committed tenancies, securing a total of 1.7 million sq ft of lettable space, positioning the development to reach its financial breakeven target by the third quarter of 2026.
In a media statement issued on Friday, the leasing milestone of the office tower is equivalent to filling four 30-storey office buildings.
“Achieving financial breakeven is both a financial and symbolic milestone. It reflects the strength of our tenant ecosystem and the resilience of our business model. As we continue to grow, we remain committed to elevating Malaysia’s standing in the global commercial landscape,” said Exchange 106 chief executive officer Faris Najhan Hashim in the statement.
Faris is also the managing director of Mulia Property Development Sdn Bhd, the holding company of Exchange 106.
The uptake was bolstered by an expansion from existing tenant Urban Pinnacle Ventures Sdn Bhd, which signed an additional 134,000 sq ft, bringing the total occupancy to nearly 250,000 sq ft.
“Our expansion in Exchange 106 reflects our confidence in its world-class infrastructure, strategic location, and the progressive ecosystem it fosters within TRX. This strategic synergy with Exchange 106’s world-class infrastructure has helped attract a growing portfolio of financial and professional service tenants, fostering a more vibrant and international business community in the tower,” said Urban Pinnacle Ventures managing director Alex Hu in the statement.
Urban Pinnacle is the Malaysian subsidiary of CHL Management (China), which operates over 30 Grade-A office buildings in China.
Other major tenants at Exchange 106 include Huawei, Ant International, Accenture, Principal Asset Management and Centauri.
Located in TRX, Exchange 106 is directly linked to the TRX MRT interchange and major highways, with integrated access to retail, hospitality and residential components. It is recognised at the National Energy Awards for its sustainable design and energy efficiency.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
