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Knight Frank: KL office rents see quarterly rise in Q32019

Knight Frank: KL office rents see quarterly rise in Q32019

December 03, 2019 PETALING JAYA (Dec 3): Kuala Lumpur’s office rents recorded a 2.1% q-o-q increase in the third quarter of 2019, according to real estate consultancy Knight Frank’s Asia-Pacific Prime Office Rental Index.  Nevertheless, Knight Frank Malaysia expects KL office rental to decline in the future as the 2.1% rise was mainly due to…

Singapore co-working reaches next level luxury with Raffles deal

Singapore co-working reaches next level luxury with Raffles deal

March 13, 2019 11:38 am +08 SINGAPORE (March 13): The Great Room’s co-working space in Singapore’s Centennial Tower doesn’t look like your average office. The floor is marble, the finishings are brushed gold and there’s coconut water in the pantry fridge. It’s a step up from the sector’s more utilitarian offerings, and the pricing reflects…

Trive to acquire 60% stake in Menara Persoft

Trive to acquire 60% stake in Menara Persoft

March 12, 2019 23:49 pm +08 KUALA LUMPUR (March 11): Trive Property Group Bhd is acquiring a 60% stake in property investment company Avenue Escapade Sdn Bhd (AESB) for RM17.36 million.   AESB owns 25 office units, one penthouse unit and 249 car park bays within a 19-storey MSC-status building named Menara Persoft, situated along…