Lendlease has reiterated its commitment to developing the Tun Razak Exchange (TRX) Lifestyle Quarter into one of the world’s biggest urban regeneration developments.
A central part of the TRX financial district master plan, the 6.88ha Lifestyle Quarter will be developed by the Australian developer with TRX City Sdn Bhd, a fully owned subsidiary of the Finance Ministry.
It will feature restaurants, a lifestyle retail mall, hospitality and leisure offerings, a city park and residential condominiums, reported Bernama.
“This significant city project will provide thousands of new jobs, leading technology and the best international standards of design and sustainability contributing to the future of Kuala Lumpur,” said Lendlease.
“Lifestyle Quarter includes seamless connections to the new MRT network and adjoining public plazas. Leasing, design and construction all continue to make very positive progress.”
The Australian firm noted that it has been delivering projects “across a broad range of sectors in Malaysia for over three decades, and we remain committed to Malaysia and will continue to build on our presence here”.
In fact, Lendlease is “open to exploring any good investment opportunities” that may come its way.
Its statement comes after Finance Minister Lim Guan Eng announced the government’s decision to proceed with the TRX project and pump in an additional funding of RM2.8 billion – taking the total funding by the government into the project to RM6.5 billion.
Lim explained that the additional funding would provide confidence among foreign investors with investment in the project.
TRX City had sold parcels of land to various local and foreign investors like HSBC, Mulia Property Development, Affin Bank, WCT, Lembaga Tabung Haji, IJM and Lendlease.
Image sourced from TRX.my
This article was edited by the editorial team of PropertyGuru. To contact them about this or other stories email editorialteam@propertyguru.com.my
Home buyers, sellers or property renters looking for Malaysian Properties, may like to visit the New Launches or Project Reviews page. Also, read up on how to improve your chances of obtaining a housing loan here.
