Ant International, a leading digital payment and fintech provider affiliated with China’s Ant Group, is set to occupy three floors (75th, 76th, and 77th) at Kuala Lumpur’s iconic Exchange 106 in Tun Razak Exchange (TRX). The move will elevate the building’s occupancy rate to 52%, according to industry sources.
Key Details of the Lease
- Space Occupied: 62,000 sq ft (making Ant International the fifth-largest tenant in Exchange 106).
- Rent: Above RM10 per sq ft/month, higher than early tenant Huawei’s rate.
- Timeline: Tenancy begins mid-December 2024, with fit-out completion expected in Q1 2025.
Major Tenants at Exchange 106
| Tenant | Space (sq ft) | Floors Occupied |
|-----------------------|--------------|----------------|
| Huawei (China) | 240,000 | 10 |
| Exness (Cyprus) | 140,000 | 6 |
| The Access Group (UK) | 87,000 | 3 |
| Centauri (OKG Group) | 86,000 | 3 |
Ant International’s Expansion Plans
In April 2024, Ant International announced plans to establish a digital business center at Exchange 106, aiming to:
- Create 500+ jobs in the first year.
- Expand hiring through 2028.
- Leverage Malaysian tech talent for global operations.
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Exchange 106’s Market Position
- Tallest: Second in Malaysia after PNB’s Merdeka 118.
- Rent Premium: Commands KL’s highest office rents (RM10–RM15/sq ft/month).
- Features: 93 column-free office floors across 106 stories.
Developer Outlook
Mulia Property Development, which manages Exchange 106, projects 70% occupancy by end-2025. GM Patrick Honan highlights their tenant-centric approach as a competitive edge against newer buildings like Merdeka 118.
FAQs
Q: How does Exchange 106 compare to Merdeka 118?
A: Exchange 106 focuses on flexible, high-end office solutions, while Merdeka 118 targets anchor tenants like PNB and Maybank.
Q: What industries dominate Exchange 106’s tenants?
A: Fintech (Ant International, Exness), tech (Huawei), and blockchain (Centauri).
Q: Will Ant International relocate its existing G Tower office?
A: Unconfirmed—the new center may operate alongside current operations.
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Conclusion
Ant International’s lease signals strong demand for premium office space in TRX, bolstering KL’s reputation as a fintech hub. With Mulia Property’s 70% occupancy target, Exchange 106 is poised to remain a key player in Malaysia’s commercial real estate market.