TRX Greenlights New Office Tower for PwC Malaysia, Marking Next Milestone in Financial District Vision
TRX City Sdn Bhd, the master developer of the Tun Razak Exchange (TRX), has received full approval to begin construction on a new Grade A office tower that will house PwC Malaysia’s future headquarters.
Set within the 70-acre TRX financial district, this move underscores the project’s long-term vision of establishing Kuala Lumpur as a premier global financial centre.
The upcoming TRX PwC Malaysia office tower will offer 800,000 sq ft of net lettable area (NLA) and is expected to be completed by 2029. It will be located on Lot C7-10, adjacent to Menara IQ (HSBC’s Malaysian HQ) and close to The Exchange 106.
PwC Malaysia Secured as Anchor Tenant
The news was confirmed by Datuk Seri Azmar Talib, CEO of TRX City, during the 32nd National Real Estate Convention (NREC). He emphasized the strategic placement of the tower within TRX’s financial quarter and hailed PwC’s commitment as a significant step forward.
“TRX is a mission-driven development aimed at creating a global financial hub. This isn’t a short-term initiative — every element has been designed, not defaulted,” Azmar shared during the event.
PwC Malaysia signed a binding agreement with TRX City on Dec 12, 2024, confirming its long-term tenancy, according to earlier reports by The Edge Malaysia.
Building Momentum in Kuala Lumpur’s Financial Hub
This will be the second major office tower within TRX City’s portfolio, after The Exchange 106, which was completed in 2019. Since its launch, The Exchange 106 has seen:
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Initial occupancy of 18% in 2019
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Steady growth to 62% occupancy in 2024
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Target of 70% by end-2025, according to Azmar
The TRX PwC Malaysia office tower is expected to complement this momentum by bringing in an anchor tenant with strong professional influence, further solidifying TRX’s identity as Southeast Asia’s next financial district.
Strategic Tenancy: Global Names at TRX
The inclusion of PwC Malaysia adds to an already impressive list of financial, fintech, and corporate tenants operating within TRX:
Financial and Asset Management:
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HSBC Malaysia
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Prudential Assurance
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MUFG Investor Services
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Affin Bank Malaysia
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Principal Asset Management
Technology & Fintech:
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Apple Malaysia
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Huawei Technologies
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MoneyLion
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Ant International
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Digital Nasional Bhd
This concentration of institutional brands and digital disruptors has positioned TRX as a magnet for both multinational tenants and global investors.
TRX’s Master Plan: Long-Term and Purpose-Built
The TRX development was designed as a multi-phase, master-planned ecosystem spanning:
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Residential skyscrapers
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International office towers
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Retail precincts (including The Exchange TRX Mall)
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Public infrastructure and green connectivity
As of 2025:
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60% of TRX has been developed
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Infrastructure is 100% complete
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Remaining parcels offer scalable investment opportunities for developers and fund managers
Azmar reinforced the importance of this approach:
“Our strategy has always been about carefully managing the ecosystem. This allows us to deliver sustainable value while maintaining architectural and urban planning excellence.”
Investment Outlook: Why TRX Remains a Prime Real Estate Play
The announcement of the TRX PwC Malaysia office tower reaffirms the district’s long-term commercial strength and makes it one of the most investable addresses in Kuala Lumpur.
Key Investment Takeaways:
✅ Future-proofed real estate with globally aligned tenants
✅ High rental demand from MNCs and regional HQs
✅ World-class infrastructure and walkability
✅ Mixed-use balance supports office, retail, and residential synergy
For property investors and REITs, the opportunity to own or invest in surrounding TRX properties—especially strata offices or luxury residences—remains compelling.
Final Thoughts: PwC Tower Marks TRX’s Next Growth Chapter
The development of the TRX PwC Malaysia office tower reflects TRX City’s continued push to grow TRX into a world-class financial destination. As Kuala Lumpur strengthens its regional influence, TRX remains at the core of that transformation.
With trusted names like PwC, HSBC, and Apple among its tenants, TRX is not just a real estate project — it’s a national economic catalyst.
