Stock of office space in Greater KL, the single largest office market in ASEAN, stands at approximately 126 million sq ft, with the completion of four new office buildings contributing 1.08 million sq ft in 1H/2019. 

The first office tower within the Tun Razak Exchange, namely Menara Prudential, was completed this year and serves as the headquarters for Prudential Assurance Malaysia Bhd. The KYM Tower in Mutiara Damansara and Symphony Square in Petaling Jaya were also completed in early 2019. With the exception of the EkoCheras Office Suites, the other three new buildings are single-owned en-bloc buildings, built with quality features and modern specifications.

Investment Appetite
Industrial property in Australia has experienced strong capital value growth and yield compression with continued demand from both domestic private and institutional groups and foreign investors.

The last 12 months saw over AUD6.5 billion of industrial sales (above AUD5 million) across 273 transactions, many of which consisted of portfolio sales as institutional investors acquired prime industrial facilities to be buried into core portfolios. Institutional Funds & Trusts were the most active purchasers over the 12 months to March 2020, accounting for over 50% of transaction volumes.