TRX Launches New Landmark Office Tower to Reinforce Kuala Lumpur’s Global Financial Aspirations
TRX City Sdn Bhd, the master developer of the 70-acre Tun Razak Exchange (TRX), has broken ground on its latest 39-storey office tower, marking another milestone in transforming Kuala Lumpur into a premier international financial district.
Slated for completion by 2Q2029, this tower is set to become the 10th building within TRX, further strengthening the area’s appeal as a central hub for top-tier multinationals and financial institutions.
A Vision for a Future-Ready Office Destination
Designed to international standards, the new office tower will comprise:
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925,000 sq ft of gross floor area (GFA)
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800,000 sq ft of net lettable area (NLA)
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Biophilic architecture integrating greenery and natural light
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Large, flexible floor plates to accommodate evolving workplace needs
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Grand boulevard arrival experience
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Public and private gardens
These features reflect TRX’s ambition to blend sustainability, productivity, and premium placemaking.
PwC Malaysia Confirmed as Anchor Tenant
A major endorsement of the project came when PwC Malaysia signed a binding head of terms in November 2024 to relocate its headquarters to the tower. PwC will occupy about 250,000 sq ft, making this move one of the largest corporate relocations in Malaysia’s office market in recent years.
This early commitment highlights two important trends:
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Blue-chip tenants are consolidating into newer, ESG-compliant Grade A buildings
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Kuala Lumpur’s central business district (CBD) is regaining momentum as a prime office location
Strong Occupancy Across TRX Components
TRX’s integrated ecosystem continues to attract diverse tenants and investors. According to TRX City CEO Datuk Azmar Talib, key metrics include:
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Retail component (The Exchange TRX): Nearing full occupancy
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Residential properties: Over 95% occupied
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Existing office towers: Reaching 80% occupancy
This performance underscores the resilience of well-located, high-quality mixed-use precincts, even in a market navigating post-pandemic shifts and hybrid work adoption.
Financing and Leasing Momentum
TRX City is actively securing up to RM660 million financing to fund the tower’s development. A request for proposal (RFP) is underway to appoint a dedicated leasing agent to oversee tenant acquisition, reflecting strong confidence in demand for premium office space in Kuala Lumpur.
These steps demonstrate meticulous planning to:
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Mitigate financing risks
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Attract top-tier occupiers early
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Ensure a smooth pre-leasing cycle ahead of the 2029 handover
A Catalyst for KL’s International Financial Centre Ambition
The new tower is part of Malaysia’s broader strategy to cement Kuala Lumpur as a globally competitive financial centre. In her keynote remarks, delivered on behalf of Finance Minister II Datuk Seri Amir Hamzah Azizan, Finance Ministry deputy secretary general (investment) Datuk Dr Shahrazat Ahmad stated:
“Realising Kuala Lumpur’s full potential as a competitive international financial centre demands full alignment and coordinated execution across all arms of government.”
With TRX now firmly positioned as Malaysia’s signature financial district, the tower reinforces:
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Malaysia’s commitment to high-value service sectors
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Ongoing investments in infrastructure and placemaking
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Strong positioning vis-à-vis regional financial hubs like Singapore and Hong Kong
Why TRX Remains an Investment Magnet
For investors and property professionals, the new tower underscores the long-term value proposition of TRX:
✅ Prime Connectivity
Direct access to:
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Tun Razak Exchange MRT Station
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SMART Tunnel, MEX, and DUKE highways
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Kuala Lumpur’s Golden Triangle
✅ ESG and Green Credentials
Buildings in TRX are developed to international sustainability standards, a key factor for global corporates with ESG mandates.
✅ Integrated Ecosystem
TRX is not just an office precinct—it blends:
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Retail (The Exchange TRX Mall)
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Luxury residences
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Hospitality and public spaces
This mixed-use character supports vibrant, 24-hour activity that attracts tenants, employees, and visitors.
Market Implications: Opportunities for Investors and Occupiers
The announcement carries broader implications for Kuala Lumpur’s Grade A office market:
🏢 Flight to Quality
Corporates are consolidating operations into newer, highly specified buildings, driving demand for large, contiguous floor plates that older towers cannot match.
📈 Rental Resilience
Prime offices with sustainability certifications are achieving higher occupancy and stable rental yields, even amid hybrid work trends.
🏗 Future Development Potential
TRX’s success signals opportunities to replicate similar transit-linked mixed-use precincts elsewhere in Greater KL.
Conclusion: A New Landmark in the Making
TRX’s latest 39-storey office tower is more than a development milestone—it is a strategic affirmation of Kuala Lumpur’s aspirations to become a regional financial powerhouse. Backed by strong anchor tenancy, thoughtful design, and integrated infrastructure, the tower sets a new benchmark for premium commercial real estate in Malaysia.
For investors, tenants, and stakeholders, this project reinforces the long-term upside of investing in well-connected, future-ready urban districts that blend lifestyle, commerce, and sustainability.
