Capital markets

Core Residences (Tower 3), Tun Razak Exchange (TRX) (Acting for Purchaser)

Knight Frank acted as advisor and consultant on the bulk acquisition of 107 serviced residence units within Core Suites (Tower 3), part of the Core Residence development in the Tun Razak Exchange (TRX). Providing market intelligence, acquisition pricing advice and strategic positioning recommendations, Knight Frank supported the transformation of the asset into a branded serviced residence operation aligned with the district’s evolving profile as Malaysia’s International Financial Centre.

Completed in 2025, the transaction—valued at over RM200 million (confidential)—represented one of the most significant residential-to-commercial-use deals of the year. Acting on behalf of an overseas ultra-high-net-worth investor, Knight Frank successfully negotiated and secured a turnkey asset within Kuala Lumpur’s premier financial district, further reinforcing the firm’s track record in delivering complex, high-value transactions across Malaysia’s most sought-after real estate markets.

Sheraton Imperial Hotel KL (Acting for Vendor)

Knight Frank Malaysia was exclusively appointed by the vendor in 2019 to advise on the sale of the Sheraton Imperial Kuala Lumpur Hotel and Faber Imperial Court, a freehold mixed-use asset comprising 398 hotel rooms, approximately 140,000 sq ft of office and retail space, and 578 parking bays along Jalan Sultan Ismail. Jointly owned by Marriott and Indonesian developer Rajawali Corpora, the transaction involved multiple stakeholders and was further complicated by market disruptions arising from the COVID-19 pandemic, requiring a highly strategic and nuanced approach. 

Despite these challenges, Knight Frank successfully sustained investor interest and secured the acquisition by Achi Jaya Plantations, culminating in the completion of the RM245 million transaction in 2022. The deal represented the most significant five-star hotel sale in Malaysia in the five years following the pandemic and achieved the highest per-room transaction value since a major hotel sale in 2019, providing a meaningful boost to the hospitality sector and reinforcing investor confidence in the market.

Wisma Sentral Inai, Jalan Tun Razak, KL City (Acting for Vendor)

Knight Frank Malaysia was appointed by Sentral REIT to advise on the disposal of Wisma Sentral Inai, formerly known as Wisma Technip, a 12-storey freehold commercial building strategically located along Jalan Tun Razak with approximately 233,021 sq ft of net lettable area. Following several years of unsuccessful marketing efforts and limited engagement from conventional investor pools, Knight Frank repositioned the asset and successfully generated renewed market interest despite challenging conditions in the office sector.

Completed in 2025, the RM135 million transaction saw Knight Frank negotiate the purchase by Turiya Properties Sdn Bhd, increasing the initial offer from RM100 million and successfully aligning vendor and purchaser expectations. Concluded within nine months, the transaction demonstrated Knight Frank’s ability to navigate complex due diligence processes and pricing negotiations in a soft office market, further reinforcing the firm’s expertise in delivering successful commercial real estate transactions.