Thursday 28 Mar 2024
By
main news image

The Tun Razak Exchange (TRX) Lifestyle Precinct is one of Lendlease Group's largest integrated development in Asia. It is located in the heart of Kuala Lumpur, Malaysia, and will complement the Government's vision to transform the broader TRX precinct into a world-class business and financial hub.

The company attributes its success as a leading international property and infrastructure group with operations in Australia, Asia, Europe and the Americas to its vision to create places that inspire and enrich the lives of people around the world.

This experiential lifestyle destination will introduce Malaysia to a new concept in mixed-use development and sustainable urban regeneration. The mixed-use development landmark will encompass a new international financial district underpinned by world-class residential, retail, leisure and cultural offerings.

"When we first looked at this project a few years ago, we knew instinctively that it represented an opportunity for Lendlease to bring to Malaysia and the region a new concept in mixed-development while promoting conservation and sustainable use of resources," says Steve McCann, Chief Executive Officer (CEO) and Managing Director (MD), Lendlease Group.

The Tun Razak Exchange (TRX) Lifestyle Precinct

A 17-acre pedestrianized, retail-led mixed-use development that comprises a luxury hotel, six residential towers and a large scale retail destination connected to a 10-acre city park and dedicated Mass Rapid Transport (MRT) station, The Exchange TRX is supported by excellent infrastructure and connectivity, including KL's largest MRT station and only MRT Interchange, access to the MEX Highway, SMART Tunnel and other primary arteries of KL such as Jalan Tun Razak.
This 17-acre mixed-use development has a GDV of US$3.1bil (RM9.31bil) and comprises a hotel, retail destination, and residential and office towers that are connected to Kuala Lumpur's first 10-acre rooftop city park.

The Exchange TRX will bring to life what is often called the 'experience economy', forecast to reach US$8.2 trillion in global expenditure by 2028, as experiences become the predominant economic and societal offering as people spend more on social activities.

"Through purposeful designs and activation of mixed-use assets spanning retail, residences and the city park, The Exchange TRX will be an experiential lifestyle destination that is intended to engage, enrich, educate, deliver memorable and personalised experiences to create inclusive and connected communities," Steve adds.

Speaking at the recent precinct launch of The Exchange TRX, Dato Haji Azmar Talib, Chief Executive Officer of TRX City, feels that The Exchange TRX has all the components to complement the Government's vision to transform the broader Tun Razak Exchange (TRX) development into Malaysia's first international financial district.

Lendlease has operated in Malaysia for over 35 years with capabilities in operating segments of Development, Construction and Investments of creating innovative and sustainable property solutions. The combination of these three segments provides it with a sustainable competitive advantage and allows it to provide innovative integrated solutions for customers.

Steve also expressed Lendlease's excitement to be part of this landmark project. "The Exchange TRX epitomises our organisation's vision in creating the best places and will see Lendlease bringing together the best of our international expertise to Malaysia," he said.

Lendlease has a proven track record of international project development such as International Quarter London, Barangaroo in Sydney and Elephant and Castle in London.
 
International Quarter London is a London's new destination for progressive business while Elephant Park is a regeneration programme on 28 acres of land in the centre of Elephant & Castle, London. Other major urban regeneration project such as Barangaroo in Sydney, is a spectacular 22-hectare waterfront precinct offers sustainable and world class design of commercial space with the aim to become a premier commercial hub for Asia Pacific region.
 
Lendlease also has completed approximately 100 projects in Malaysia across a multitude of sectors including the iconic Petronas Twin Towers, Platinum Park, Pinewood Iskandar Studios, Setia City Mall, Sasana Kijang, Lanai Kijang and Public Mutual Bank.

 

Bringing to life an experiential lifestyle destination
The Exchange TRX will combine experiential retail and entertainment to create a social destination through retail partnerships that will offer reimagined store formats and new-to-market brands spanning over 500 experience stores.

This vibrant experience-led retail destination will also integrate with its 10-acre public city park offering open green spaces, art and community events, children's play facilities, sporting activities as well as immersive garden dining and global events.

Retail space of The Exchange TRX

TRX Residences
TRX Residences will offer premier urban homes in a world class integrated precinct. It is located at the centre of it all with unrivalled connectivity to KL's only MRT interchange just 70 metres away and direct access to the SMART Tunnel. Residents will find themselves at KL's new centre of gravity and enjoy absolute conveniences including the 10 acre city park.

Intuitively designed with an emphasis on sustainability, connectivity, community-centric engagement and smart living, TRX Residences brings world-class urban living to Malaysia. Surrounded by a ready pool of demand from the 47,000 long term jobs within TRX by 2025, investors can expect healthy returns as well as strong value creation.

TRX Residences within The Exchange TRX Precinct

The TRX Residences Discovery and Experience Gallery is opening soon with previews to commence in the second quarter of 2019. Register your interest at www.trxresidences.my.

10-Acre Event-ready City Park
Poised to be a signature destination for world events, the 10-acre rooftop TRX park will deliver health and wellbeing experiences as a shared community space designed for walkability, sporting and leisure, and includes kids zones and outdoor dining venues.

Contributing towards cultivating a community spirit, promoting active living for various groups, the park will encourage creativity and collaboration as it hosts arts and cultural celebrations as well as global events such as red-carpet galas.

Hotel & Office spaces
Unrivalled connectivity and world-class facilities will make us one of KL's most sought-after workspaces. Located at a prime location and connectivity also means visitors staying at The Exchange TRX's world-class hotel will have access to the best KL, and Malaysia, has to offer.

For more information and priority services, please visit: www.theexchange.my or www.trxresidences.my.

      Print
      Text Size
      Share