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.