Wisma Time on Jalan Tun Razak up for sale

PETALING JAYA: Wisma Time, an office building on Jalan Tun Razak, in the Golden Triangle of Kuala Lumpur, is up for sale. According to an advertisement by Knight Frank Malaysia, which is handling the sale, the property can be an asset-enhancement opportunity for the new owner.

Located along the same row as Menara AA and Wisma Technip, the freehold property is a 12-storey building with a mezzanine and two basement car parks. It has a net floor area of 171, 611 sq ft and is currently 68% occupied.

The building’s indicative value is RM80 million. Sale is by expression of interest with bids to be submitted by Thursday, April 15, 2010 (extended from April 2).

According to Khazanah Nasional’s website, the former headquarters of Time dotCom Bhd is owned by the former’s wholly-owned property investment holding company STLR Sdn Bhd.