Exchange 106 hits 75% tenancy, eyes breakeven by 2026

Exchange 106, the landmark tower in the Tun Razak Exchange (TRX) financial district, has secured 75% committed tenancies, covering about 1.7 million square feet of lettable space.

The milestone — roughly equivalent to filling four 30-storey office buildings — puts the development on track to reach its financial breakeven target by the third quarter of 2026, according to its management.

“Achieving financial breakeven is both a financial and symbolic milestone,” said Exchange 106 Chief Executive Officer Faris Najhan Hashim. “It reflects the strength of our tenant ecosystem and the resilience of our business model. As we continue to grow, we remain committed to elevating Malaysia’s standing in the global commercial landscape.”

The latest boost came from an expansion by Urban Pinnacle Ventures Sdn Bhd, the Malaysian arm of China’s CHL Management. The company has signed on for an additional 134,000 sq ft, bringing its total leased space to nearly 250,000 sq ft.

“Our expansion in Exchange 106 reflects our confidence in its infrastructure, strategic location, and the ecosystem it fosters within TRX,” said Alex Hu, Managing Director of Urban Pinnacle Ventures.

Exchange 106 was recently named Most In-Demand Office for Lease in Kuala Lumpur 2025 at the PropertyGuru Asia Property Awards, highlighting its tenant experience and market leadership. The tower also received recognition at the National Energy Awards for sustainable design and energy efficiency, in line with Malaysia’s push for greener buildings.

Tenants in the building include multinational and regional names such as Huawei, Ant International, Accenture, Principal Asset Management, and Centauri. Management said the combination of traditional office leases and flexible workspaces has helped attract both established corporations and growing enterprises.

Located in the heart of Kuala Lumpur’s financial district, Exchange 106 offers direct access to the TRX MRT interchange and major highways. The area is being developed into an integrated hub with retail, hospitality, and residential components.

“Exchange 106 represents Malaysia’s aspirations — built on local strength and inspired by global ambition,” Faris said. “Our focus remains on creating value, nurturing partnerships, and strengthening Kuala Lumpur’s position as a competitive financial centre.”

With steady leasing momentum and a growing mix of local and international tenants, Exchange 106 is positioning itself as a key contributor to Malaysia’s business landscape and long-term economic growth.

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