MRCB to sell Menara Shell to MQ REIT for RM640mil


Menara Shell offers an unparalleled business address

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) plans to sell its 33-storey green office tower Menara Shell (pic) to commercial real estate investment trust MQ REIT for RM640mil.

In an announcement to Bursa Malaysia, the property development group said its wholly-owned subsidiary, 348 Sentral, had entered into a heads of agreement with Maybank Trustees Bhd which acted as trustee for MQ REIT.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , menara shell mrcb

Next In Business News

Stocks dip and oil climbs as Trump ramps up Iran threats
Ringgit opens higher vs US$ amid geopolitical tensions
FBM KLCI lift slightly amid higher crude oil prices
Trading ideas: Nestle, MISC, IHH, Atlan, FBG, Bina Puri, Jentayu, Cape EMS
Hap Seng Plantations 4Q earnings likely to be strong
UK budget ‘headroom’ a harmful obsession
Bursa Malaysia extends gains to close higher
Inflation expected to remain manageable
Atlan subsidiary ceases duty-free business�in JB
Sarawak Plantation eyes steady recovery

Others Also Read