Rahim & Co has been appointed as the exclusive estate agents to market PJD Tower. PJD Tower is a prime, freehold, purpose-built office building that is located along Jalan Tun Razak, Kuala Lumpur. The 28-storey building sits on 47,339 square feet of land, has a net lettable floor area of approximately 445,111 square feet and 555 car parking bays.

It is fully tenanted to the Government of Malaysia.

Public commuters will find PJD Tower incredibly convenient to access. It is located adjacent to Titiwangsa Station, which is the interchange station for four major public transportation lines – the KL Monorail Line, the Light Rail Transit (LRT) Ampang Line, the LRT Sri Petaling Line and the upcoming Mass Rail Transit (MRT) Sungai Buloh – Putrajaya Line.

The upcoming MRT Sungai Buloh – Putrajaya Line connects PJD Tower directly with Putrajaya, the administrative and judicial capital of Malaysia. The Titiwangsa Station can be accessed via a dedicated link-bridge on Level 2 of the tower.

Jalan Tun Razak is named after Malaysia’s second Prime Minister, Tun Abdul Razak. It is home to some of Malaysia’s monumental sites, including the National Gallery, the National Heart Institute and the National Library. Malaysia’s upcoming financial district, Tun Razak Exchange (TRX), is also along Jalan Tun Razak.

Siva Shanker, CEO, Real Estate Agency at Rahim & Co commented: “The current market situation in Malaysia is rather soft with the COVID-19 pandemic having caused much disruption in the real estate market. Office space has also suffered unprecedented vacancies and the stay-at-home culture has just exacerbated the situation. At a time like this, the sale of PJD Tower which is 100% occupied offers a blue-chip investment to the discerning investor or fund manager.

The Government of Malaysia have in the past proven themselves to be blue-chip tenant, always paying rent on time and hardly ever moving out of any office buildings they have occupied.”

Muzaffar Bahir, Capital Markets Manager at Rahim & Co commented: “The tenant’s profile can’t get any better than this. This coupled with the decent net yield of above 5%, makes PJD Tower an attractive Core Plus investment opportunity. Moreover, PJD Tower enjoys better public transportation connectivity than most office towers in Kuala Lumpur. The one-minute walk to the Titiwangsa Station connects commuters to most parts of Klang Valley & beyond.”

PJD Tower is for sale via an Expression of Interest (EOI). The closing date for EOI submission is 17 December 2021. 

Please contact Rahim & Co’s representatives for further information or to request a copy of the Information via the below contact details.