TRX Kuala Lumpur: New 39-Storey Office Tower Breaks Ground

The Tun Razak Exchange (TRX Kuala Lumpur), Malaysia’s premier international financial district, continues to take shape with the groundbreaking of its latest landmark project—a new 39-storey office tower. This new development marks the 10th building in the 70-acre TRX master plan, underscoring the district’s ongoing transformation into a world-class financial and business hub.

Led by TRX City Sdn Bhd, the master developer of TRX, the project represents another significant step in delivering on Kuala Lumpur’s vision to become a competitive, integrated global city centre.

A Strategic Addition to the TRX Master Plan

The new office tower will add approximately 925,000 sq ft of gross floor area and 800,000 sq ft of net lettable space to TRX Kuala Lumpur’s evolving skyline. Designed to international standards, the building will feature large, flexible floor plates to cater to the dynamic needs of modern businesses.

Its biophilic design principles will ensure a sustainable, human-centric environment, integrating natural elements and green spaces that promote employee wellness, productivity, and environmental responsibility.

TRX City’s strategy has always centred on delivering high-quality, future-ready assets that reflect the demands of global tenants and investors alike. The new tower will be no exception, offering a premium address in the heart of Malaysia’s financial district.

PwC Malaysia as Anchor Tenant

One of the headline features of this new tower is the confirmation of PwC Malaysia as its anchor tenant. The professional services giant will occupy about 250,000 sq ft, or roughly a quarter of the tower’s total space.

This commitment follows a binding head of terms signed between PwC Malaysia and TRX City, which confirms PwC’s move to establish its new Malaysian headquarters within TRX. The decision underscores TRX’s attractiveness to leading global and regional firms seeking prestigious, well-connected, and sustainable office space in Kuala Lumpur.

For TRX, securing PwC as an anchor tenant not only boosts the development’s commercial credibility but also signals the district’s growing importance as a business and professional services hub in Southeast Asia.

Thoughtful, Modern Design for Business Excellence

TRX City has emphasized that the new 39-storey tower will be built to international standards, with design features that enhance the experience of tenants and visitors alike.

Highlights include:

• A grand boulevard arrival experience designed to impress and provide convenient access.

• Public and private gardens that blend green spaces into the urban fabric, promoting relaxation and wellness.

• Advanced multi-level security systems to ensure safety and peace of mind.

• Comprehensive in-building amenities and services tailored for modern businesses.

These features demonstrate TRX City’s commitment to delivering premium, sustainable office environments that meet the evolving expectations of multinational corporations, regional firms, and local champions.

Strong Market Performance Across TRX

The groundbreaking of the new tower also reflects the broader strength and momentum of the TRX Kuala Lumpur development.

According to TRX City chief executive officer Datuk Azmar Talib, the district’s retail component—The Exchange TRX—is nearing full occupancy. Meanwhile, residential projects within TRX have achieved more than 95% occupancy, and existing office buildings are operating at close to 80% occupancy.

These figures highlight the district’s strong market appeal and its ability to attract high-quality tenants and residents, even amid shifting global real estate trends. The new office tower is positioned to build on this success, further diversifying and enhancing TRX’s overall offering.

Financing and Leasing Plans Underway

As part of its development strategy, TRX City is in the process of securing up to RM660 million in financing for the new office tower.

This financing initiative reflects confidence in the project’s commercial viability and the strength of Kuala Lumpur’s office market, particularly within TRX’s integrated financial ecosystem.

Additionally, TRX City is preparing a request for proposal (RFP) to appoint a dedicated leasing agent for the new tower. By selecting a professional leasing partner, the developer aims to ensure the project attracts a strong, diverse mix of tenants that align with the district’s vision as Malaysia’s financial and business nucleus.

Supporting Kuala Lumpur’s Role as a Financial Hub

During the groundbreaking ceremony, Finance Ministry representatives underscored the strategic importance of TRX to Malaysia’s national ambitions.

Finance Ministry deputy secretary general (investment) Datuk Dr Shahrazat Ahmad, delivering a keynote address, described the new tower as more than just a real estate success. She highlighted it as a win for Kuala Lumpur, reinforcing the city’s credentials as a competitive international financial centre.

This vision depends on full alignment and coordinated execution across government agencies and private-sector stakeholders. By continuing to develop high-quality, sustainable, and business-focused infrastructure, TRX strengthens Kuala Lumpur’s centrality and competitiveness in the region.

TRX Kuala Lumpur’s Growing Legacy

As the TRX Kuala Lumpur master plan continues to unfold, projects like this new 39-storey office tower represent more than additional square footage—they embody a commitment to world-class urban development.

By integrating state-of-the-art design, sustainability, connectivity, and tenant-focused amenities, TRX is redefining what it means to work and do business in Kuala Lumpur.

With anchor tenants like PwC Malaysia already on board, strong occupancy rates across its retail and residential components, and robust demand for premium office space, TRX is delivering on its promise to transform Kuala Lumpur into a leading financial and business hub in Asia.