The Exchange 106

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The Exchange 106
Exchange 106, Kuala Lumpur in May 2020 01.jpg
Building as of May 2020
Former namesMenara Platinum, Signature Tower
Alternative namesTun Razak Signature Tower, TRX 106 Tower, TRX Signature Tower
General information
StatusCompleted
TypeOffice
LocationTun Razak Exchange, Kuala Lumpur, Malaysia
Construction started2016
Completed2019
Height
Architectural445.5 m (1,462 ft)[2]
Tip445.5 m (1,462 ft)[3] [4][5][6][7][8][9]
Top floor397 m (1,302 ft)
Technical details
Floor count95[1]
Floor area453,835 m2 (4,885,000 sq ft)
Design and construction
ArchitectMulia Group Architects; Peter Chan (Architect of Record)
DeveloperMulia Group[10]
Main contractorMulia Group

The Exchange 106 is a skyscraper within the Tun Razak Exchange (TRX) area, a new financial district currently being developed in Kuala Lumpur, Malaysia. The 95-floor building is topped with a 65-metre (213 ft), 12-storey high illuminated crown making it 445.5 m (1,462 ft) tall.[11][12][4][5][6][7][8][9] The tower will have a net lettable area of 240,000 square metres (2.6 million square feet)[13][14] and is benchmarked against similar buildings in large international financial centers, such as London's Canary Wharf and The Shard, New York's One World Trade Center, and Shanghai IFC.[15]

As of October 2019, about 46,000 m2 (500,000 sq ft) of Exchange 106's floor space was expected to be taken up by tenants.[16] The floor space is column-less, ranges from 2,600 to 3,200 m2 (28,000 to 34,000 sq ft).[17]

Proposal and development[edit]

The skyscraper was first conceptualised when TRX was controlled by 1Malaysia Development Berhad (1MDB), a fund owned by the Malaysian government. On 13 May 2015, 1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, and the Mulia Group announced that, through Mulia Property Development Sdn Bhd, they had signed a Sale and Purchase agreement for the development rights of the plot of land for the Exchange 106 (then known as the Signature Tower), with the land transacted at a value of RM665 million.[18] Groundwork on the Exchange 106 plot commenced on 1 March 2016, with the mat concrete foundation laid in May 2016 (see "Progress" section below).[19]

Progress[edit]

The Exchange 106 was wholly project managed by the Mulia Group,[20] with structural construction carried out by the China State Construction Engineering Corporation, through its Malaysian subsidiary China State Construction Engineering (M) Sdn. Bhd.[21]

Exchange 106 (June 2018)

In May 2016, the tower's foundation concrete pour took place over a weekend and was the second-largest continuous concrete pour in the world.[22] In December 2017, the building was structurally topped out, 19 months after commencement, achieving an average of 3 days a floor.[23]

Work to complete the building continued despite uncertainties that arose with government change during the 2018 Malaysian general election held on 9 May 2018.[24] In June 2018[when?] the Malaysian government agreed to inject RM2.8 billion into the Tun Razak Exchange[25] (of which The Exchange 106 is a part) to complete the project after discovering money was misappropriated to pay the debts of 1Malaysia Development Berhad.[26]

Exchange 106 achieved its Certificate of Completion and Compliance in September 2019.[27]

The construction of the TRX's shopping mall (called The Exchange) which is located at the foot of the Exchange 106 is expected to be completed by the third quarter of 2021.[28]

TRX shopping mall, located at the foot of The Exchange 106, under construction in May 2019.

Gallery[edit]

Transportation[edit]

KVMRT Tun Razak Exchange Station entrance

The skyscraper will be linked to the Sungai Buloh-Kajang Line  SBK20  TRX MRT Underground Station as well as the future Sungai Buloh-Serdang-Putrajaya Line.

See also[edit]

References[edit]

  1. ^ "The Exchange 106 -The Skyscraper Center". www.skyscrapercenter.com. Retrieved 17 October 2018.
  2. ^ "The Exchange 106 - The Skyscraper Center". www.skyscrapercenter.com. Retrieved 26 October 2019.
  3. ^ "CTBUH Height Criteria". www.www.ctbuh.org.
  4. ^ a b "Big tenants for Exchange 106". www.thestar.com.my.
  5. ^ a b "Malaysia's new tallest building to be completed in 2018". New Straits Times. 21 December 2017. Retrieved 6 September 2018.
  6. ^ a b "Malaysia's upcoming tallest skyscraper, The Exchange 106, has signed up major tenants". 11 January 2018.
  7. ^ a b "Malaysia's tallest building to be completed in 2Q18". 21 December 2017.
  8. ^ a b Sazili, Oleh Syalikha (22 January 2018). "Mercu tanda baharu KL, komponen TRX siap Jun". BH Online. Retrieved 6 September 2018.
  9. ^ a b "Exchange 106 to eclipse Twin Towers soon as nation's tallest". The Star Online.
  10. ^ http://www.mulia.com.my/
  11. ^ https://www.skyscrapercenter.com/building/the-exchange-106/24971
  12. ^ "Mulia Group Malaysia - The Exchange 106". The Mulia Group Malaysia. Retrieved 1 October 2017.
  13. ^ "Exchange 106 shaping up to be the tallest". The Star Online. Retrieved 4 February 2018.
  14. ^ ""Ministry of Finance Malaysia - Media Release - MKD SIGNATURE SDN BHD RE: TRX TOWER"". treasury.gov.my. Retrieved 10 March 2018.
  15. ^ "Big tenants for Exchange 106". The Star Online. Retrieved 4 February 2018.
  16. ^ "TRX's Exchange 106 expects first tenants in December | The Star Online". www.thestar.com.my. Retrieved 5 February 2020.
  17. ^ "The EXCHANGE 106". mulia.com.my. Retrieved 25 February 2018.
  18. ^ "TUN RAZAK EXCHANGE ATTRACTS INDONESIA'S LEADING PROPERTY DEVELOPER". trx.my. 13 May 2015. Retrieved 3 February 2018.
  19. ^ "Bai Tian: China offers best quality of construction to Malaysia, high quality of techniques and speed receive recognition". malaysianchinesenews.com. 2 February 2018. Retrieved 3 February 2018.
  20. ^ "PressReader.com - Your favourite newspapers and magazines". www.pressreader.com. Retrieved 5 February 2020.
  21. ^ "The Exchange 106 - The Skyscraper Center". www.skyscrapercenter.com. Retrieved 5 February 2020.
  22. ^ "Exchange 106 to eclipse Twin Towers soon as nation's tallest". The Star Online. Retrieved 26 December 2017.
  23. ^ "Exchange 106 to eclipse Twin Towers soon as nation's tallest | The Star Online". www.thestar.com.my. Retrieved 5 February 2020.
  24. ^ "Tun Razak Exchange investors were seeking clarity | The Star Online". www.thestar.com.my. Retrieved 5 February 2020.
  25. ^ "Govt to continue with Tun Razak Exchange, says Guan Eng | The Star Online". www.thestar.com.my. Retrieved 5 February 2020.
  26. ^ "Malaysia to inject $950m to complete Najib's pet project TRX". The Straits Times. 22 June 2018.
  27. ^ Business, N. S. T. (2 October 2019). "Exchange 106 ready to house MNCs, first tenants expected by December". NST Online. Retrieved 5 February 2020.
  28. ^ https://www.thestar.com.my/business/business-news/2019/06/04/shopping-mall-at-trx-to-be-ready-by-q3-2021/#IVdu32wmt3l0ij2F.99