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Construction work picked-up at Tun Razak Exchange

PETALING JAYA (Dec 4): With the resumption of the economic sectors, construction works on the Tun Razak Exchange have also picked-up once again as the developers - TRX City Sdn Bhd and Lendlease Group, a Sydney-based property developer, try to meet the completion date. 

According to The Star, TRX City chief executive officer Datuk Azmar Talib said that the current progress of the development has now reached 80% completion with The Exchange TRX likely to be completed in the fourth quarter of 2022.

He also added that the TRX Residences and Core Residences towers will be completed in 2023 while the Affin Bank headquarters is expected to be completed by the first quarter of 2022. 

“We are very strict on the safety and standard operating procedures, and work very well with the authorities to ensure that our workers are safe,” Azmar said during a media briefing on the TRX progress update on Dec 1. 

Meanwhile,  as Lendlease Group managing director and country head Stuart Mendel shared that the retail space has also seen a 50% take-up rate with some of the space being leased out to Golden Screen Cinemas and international grocery chain Dairy Farm, he believed that the remaining 50% of the retail space will be able to lease out in the next 12 months.

“We have got 12 months or so to go to meet the completion target, we are happy with that 50% and will be able to lease the rest of it over the next 12 months,” he said adding that the construction activities have been back to pre-pandemic level as he shared that the current workforce on site are 3,000 workers.

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