Top grade office space faces growing pressure


More supply: The recently-completed Exchange 106 (left) at the TRX is adding to the supply with its 2.65 million sq ft of premium office space. — Bloomberg

WITH Permodalan Nasional Bhd (PNB)’s Merdeka 118 tower nearing completion, there is a growing concern that this may add to the existing glut of office space in the Klang Valley.

PNB group chairman Tan Sri Zeti Aziz had assured that there is no cause for concern in securing tenants for Merdeka 118, given its grade A office building status, which carves out a niche segment.

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