Oxley sells Grade A office tower to Malaysia’s Alliance Bank

The Oxley Towers KLCC is located next to the Petronas Twin Towers.

Oxley Holdings sold its $118m Grade A office tower to Alliance Bank Malaysia Berhad which will now serve as the bank’s corporate office.

In a disclosure, the company said Oxley Towers KLCC is composed of three skyscrapers with a two-storey retail podium below.

The tower located next to the Petronas Twin Towers consists of 24 strata-titled offices from level six to 29 with a gross floor area of 315,711 square feet. The four parcels of retail units in the first two floors, meanwhile, have a net floor area of 9,569 square feet.

ALSO READ: Grade A office rents in Singapore declined driven by the premium segment

“We are honoured that a prestigious bank will be acquiring our office tower and shifting their corporate office to Oxley Towers KLCC. This not only demonstrates the value and desirability of our properties but also reflects our commitment to delivering highly sought-after real estate opportunities to our clients,” said Oxley Executive Chairman and CEO Ching Chiat Kwong.

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