It’s been reported that the iconic Telekom Malaysia Berhad’s headquarters building – Menara TM – has been put on the market for an undisclosed amount today (Wednesday, 9th February).
According to an ad in the StarBiz newspaper section, the sale is being conducted via expression of interest (EOI). Additionally, the closing date for the sale’s first stage is at 12pm on 18th March. Realtors WTW Real Estate Sdn Bhd has been appointed to conduct the sale of the building.
As revealed in the ad, Menara TM is a 55-storey freehold office tower with a helipad. The building has 989,000 square feet for office space, and 92,431 square feet for multipurpose space such as mosques, clinics, sports complexes, and so on, attached to it. They also noted that the tower also has over 1,700 car park bays accessible from multiple entrances from the Ground Level, among other facilities.
Designed by Hijjas Kasturi Associates to resemble a sprouting bamboo shoot, Menara TM was launched in 2003 by then prime minister Tun Dr. Mahathir Mohamad. The news outlet also reported that the complex cost US$160 million (RM669 million) to build. As we mentioned above, the starting price of the building has yet to be revealed as of now.
In response, Telekom Malaysia quickly came up with an official statement to address the matter. “Telekom Malaysia would like to clarify that the Company is a tenant of of Menara TM, located at Jalan Pantai Baharu, Kuala Lumpur. TM does not own the building, and is not involved with its intended sale by the property’s owner, Menara ABS Sdn. Bhd.,” the company explained.
They further added, “The Company is currently in the process of relocating the majority of its corporate offices into its TM-owned properties, including TM Annexe 1 and TM Annexe 2 as well as its properties in Cyberjaya, as part of the Company’s optimization programme to enable greater efficiency and agility, and to accommodate hybrid working conditions.”
Check out the full statement here:
Sources: MMO, Harian Metro.
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