Menara Citibank is a 50-storey class A business office complex in Kuala Lumpur’s CBD
Knight Frank and Savills have actually been selected to collectively encourage on the sale of their customer’s interest in Menara Citibank, situated in the heart of Kuala Lumpur’s enterprise zone and simply a couple of hundred metres from the renowned Petronas Twin Towers.
The Grade A, 50-storey, freehold office complex is a popular landmark within the city and gain from outstanding public transportation relate to Ampang Park LRT and Ampang Park MRT stations situated surrounding to the structure, providing effective connection throughout Kuala Lumpur and beyond. It is likewise surrounded by exceptional features and supplies simple access to highways, embassies, going shopping centres, the Royal Selangor Golf Club and various high end hotels consisting of the Four Seasons, Grand Hyatt, W, Mandarin Oriental, Intercontinental, and others.
Nabeel Hussain, head of capital markets at Savills Malaysia
With over 4,000 workers today in Malaysia throughout 5 places, Citi Malaysia has actually just recently restored its lease, that included protecting extra succeeding choices to restore well into the future. “Currently, the bank inhabits over 1/3 of the overall net lettable location, with other significant renters consisting of United Overseas Bank (UOB), Hibiscus Oil & & Gas, Malayan Flour Mills, Total Systems Services, Samsung C&T, and Japan International Cooperation Agency,” according to Nabeel Hussain, Head of Capital Markets at Savills Malaysia. “The structure has actually long been a component in the downtown Kuala Lumpur horizon, and stays incredibly popular with occupants, as evidenced by present tenancy levels.”
The structure has actually been extremely well kept and went through a thorough upgrade of the lifts and typical locations which was finished in 2022, using high-spec workplace proper to the requirements of significant domestic and foreign occupiers, consisting of big floorplates, high ceilings, a green ranking (GBI), redundancies for power and other vital structure services, and exceptional signs
chances.
James Buckley, head of capital markets at Knight Frank Malaysia
James Buckley, Head of Capital Markets at Knight Frank Malaysia states “relative to lots of other Asian workplace markets, Kuala Lumpur uses greater entry yields and leas and capital worths are less unpredictable. This financial investment chance is an especially great option for financiers searching for Grade A workplaces let to a variety of varied organizations using steady repeating high returns in addition to partnering with among Malaysia’s popular corporations.”
For more queries: please contact the collectively designated representatives:
James Buckley
Knight Frank
+60 10 511 4906
James.buckley@my.knightfrank.com
Nabeel Hussain
Savills
+6017 809 3890
Nabeel.hussain@savills.com.my