News about Lendlease

As for the TRX Campus office, Lendlease’s exit will see Valiram hold a 60% stake, and TRX City the remaining stake.

The transaction is part of Lendlease’s capital recycling programme and reflects growing investor confidence in the performance and long-term potential of the Tun Razak Exchange precinct.

TRX Residences has staked a prominent claim in the nation’s capital city’s skyline with its unmistakable curtain wall façade and skybridge.

TRX Residences project director Eric Chan revealed that two more plots will be developed to reflect the newest integration of TRX Residences’ journey.

Prime Minister Datuk Seri Anwar Ibrahim said the incentives include an industrial building allowance, a tax exemption for 70% of the statutory income for five years for property developers, and a stamp duty exemption for loan and service agreements.

The key design concept of the park represents elements of the Malaysian landscape providing opportunities for visitors to explore various landscape types associated with changes in topography, such as forest edges, limestone outcrops, an urban village, hillside ravines, hillside streams leading to coastal lowlands, and landscapes that are modified by ethnobotanic planting.

The Exchange TRX project director and Lendlease Malaysia head of retail Mitch Wilson says the retail and entertainment hub with over 400 stores across a net lettable area of 1.

Nga stated that the new act will allow more urban redevelopment in Kuala Lumpur, as well as, all the other cities in the country.

The international buyers often compared TRX Residences to well-known districts like Marina Bay in Singapore, ICC in Hong Kong and Canary Wharf in London.

Located within the Tun Razak Exchange's international financial district, The Exchange TRX is a joint-venture development between Lendlease and TRX City Sdn Bhd.