Alliance Bank acquires new corporate HQ for RM405.84mil

KUALA LUMPUR: Alliance Bank Malaysia Bhd is acquiring a new corporate head office building for RM405.84mil at Oxley Rising Sdn Bhd's mixed commercial-cum-residential development on Jalan Ampang, Kuala Lumpur.

In a filing with Bursa Malaysia, the bank said the purchase will comprise 24 floors of office suites with a floor area of 315,711 sq ft and four adjoining retails lots on the two-storey retail podium at Tower 3 of the mixed-development measuring a total floor area of 9,569 sq ft.

It said the properties are expected to be completed by end-November 2024.

According to Alliance Bank, the properties are earmarked as a green-certified building.

The building is also strategically located at the commercial centre of KLCC, which coupled with the bank's dedicated building name will improve its visibility and branding.