Business

Only a tenant, not involved in Menara TM sale: Telekom Malaysia

Landmark building owned by Menara ABS Bhd

Updated 4 years ago · Published on 09 Feb 2022 4:32PM

Only a tenant, not involved in Menara TM sale: Telekom Malaysia
According to an advertisement in the business section of The Star today, the sale of Menara TM, a 55-storey freehold office block with a helipad, is being conducted via an expression of interest. – Screen grab pic, February 9, 2022

KUALA LUMPUR – Telekom Malaysia Bhd (TM) today clarified that the company is a tenant of Menara TM, located at Jalan Pantai Baru, Kuala Lumpur.

In a statement today, TM said it does not own the said building and is not involved with its intended sale by the property’s owner, Menara ABS Bhd.

“The company is currently in the process of relocating the majority of its corporate offices into its TM-owned properties, including TM Annexe 1 and TM Annexe 2, as well as its properties in Cyberjaya, as part of the company’s optimisation programme to enable greater efficiency and agility, and to accommodate hybrid working conditions,” it added.

TM’s iconic Menara TM is on the market for an undisclosed amount.

According to an advertisement in the business section of The Star today, the sale of the 55-storey freehold office block with a helipad is being conducted via an expression of interest. The closing date for the sale’s first stage is at 12pm on March 18. – Bernama, February 9, 2022

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