{
  "id": 17044160,
  "title": "Menara Tun Perak, formerly Menara Maybank, on offer for full or partial sale",
  "url": "https://urgent.news/2026/10/29/menara-tun-perak-formerly-menara-maybank-on-offer-for-full-or-partial",
  "topic": "world",
  "section": "World",
  "published": "2026-10-29T09:52:57.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "url": "https://www.malaymail.com/news/malaysia/2026/10/29/menara-tun-perak-formerly-menara-maybank-on-offer-for-full-or-partial-sale/241159"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Oct 29 — The historic Menara Tun Perak, once known as Menara Maybank, is reportedly up for sale following decades of service as the headquarters of the banking giant Maybank. Property news outlet Mingtiandi reported that investors can acquire either a partial or full stake in the 244-meter tall structure, situated on Jalan Tun Perak. Built in 1988, it stands as one of Kuala Lumpur's most recognizable landmarks. Its sale follows Maybank's relocation to Merdeka 118 in May, which ended its long-term use of the tower as its headquarters. Maybank renamed its new headquarters Menara Merdeka Maybank, while the previous one became known as Menara Tun Perak. Knight Frank Malaysia and CBRE|WTW are jointly advising on the potential sale. The building's proximity to attractions such as Chinatown, Central Market, Dataran Merdeka, and public transport hubs has been highlighted as a strong selling point for potential investors. Interested parties have the option to retain the property for commercial use, upgrade it, or convert it into a hotel, serviced apartments, or a mixed-use development, depending on feasibility studies and regulatory approvals. James Buckley, head of capital markets at Knight Frank Malaysia, noted that such landmark assets in Kuala Lumpur's historic commercial district are rarely offered for investment. Marcus Yeo, a director at CBRE|WTW, added that the location and potential for alternative uses could attract investors as Kuala Lumpur's city center continues to undergo redevelopment.",
  "summary": "KUALA LUMPUR, Oct 29 — Menara Tun Perak, the iconic Kuala Lumpur skyscraper formerly known as Menara Maybank, has...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}