The Malaysian Insight

TELEKOM Malaysia (TM) Bhd’s iconic Menara TM is on the market for an undisclosed amount.

The building’s sale is being conducted via expression of interest and the closing date for the sale’s first stage is at 12pm on March 18, according to an ad in The StarBiz today.

Menara TM, which serves as TM headquarters, is one of the Top 10 tallest buildings in Malaysia.

The 55-storey freehold office tower was completed in 2001 and is located along Jalan Pantai Baharu, Kuala Lumpur.

It was designed by Hijjas Kasturi Associates to resemble a sprouting bamboo shoot and cost US$160 million (RM669 million) to build.

It was officially launched in 2003 by then prime minister Dr Mahathir Mohamad and holds a Multimedia Super Corridor status.

A total of 989,000 sq ft of the building consist of office towers, while 92,431 sq ft comprise convention centres, multi-purpose halls, a sports complex, mosque and helipad, among others.

Menara TM has an 86% occupancy rate and more than 1,700 car park spaces.

Realtors WTW Real Estate Sdn Bhd have been appointed to conduct the sale of the building. – February 9, 2022.