Alliance Bank Malaysia Berhad had entered into a conditional Sale and Purchase Agreement with Oxley Rising Sdn Bhd for the acquisition of Tower C commercial mixed residential development by ORSB in Jalan Ampang KL for RM405.8 million.
The property includes 24 floors of office suites together with 4 adjoining retail lots on the 2-story retail podium, all to be stratified and located at Tower 3 which forms part of the ongoing mixed commercial cum residential development by the developer located along Jalan Ampang, Kuala Lumpur City Centre.
Alliance Bank intends to use the office as its new Corporate Office.
The Project is a freehold commercial cum residential development located along Jalan Ampang and in the heart of the prime commercial district of Kuala Lumpur City Centre and is adjacent to notable landmarks of Kuala Lumpur such as Four Seasons KLCC and Twin Tower KLCC.
The entire development of the Project comprises of Tower 1 Hotel & Residential Suites, Tower 2 Hotel & Residential Suites, Tower 3 Signature Office and Retail Podium
ORSB is a wholly-owned subsidiary of Oxley Holdings (Malaysia) Sdn Bhd which in turn is a wholly-owned subsidiary of Oxley Holdings Limited.
The banking group said the acquisition was due to the strategic location of the properties at the commercial centre of KLCC and a dedicated building name of the Bank will improve the visibility and branding of ABMB.
