JOHOR BARU: Damansara Assets Sdn Bhd, owner of the Komtar Tower in Johor Baru, is confident of securing 98% occupancy rate for the 25-storey office tower when upgrading works are completed in February.

Its executive director Yusaini Sidek said that the upgrading is necessary to give the 35-year-old building a new image and ensure it meets tenants’ needs and current building management criteria.

Despite the limited demand for office space in Johor Baru, he said the upgrading of the building and the right marketing strategy by Damansara Assets, a unit of Johor Corp Group, will attract more tenants. The tower’s occupancy rate is currently 60%, and since upgrading works began, there have been enquiries from interested parties, he added. — Bernama


This article first appeared in The Edge Financial Daily, on December 20, 2013.

 

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