TRX City ‘did not see a single cent’ of US$3b raised for project
PETALING JAYA (May 21): TRX City Sdn Bhd “did not see a single cent” of funding worth US$3 billion (RM11.
Funding for TRX Lifestyle Quarter on the line
KUALA LUMPUR (May 17): Although previously close to securing between RM2 billion and RM3 billion worth of financing for its Lifestyle Quarter in the Tun Razak Exchange (TRX) development, TRX City Sdn Bhd and its joint-venture (JV) partner Lendlease Corp Ltd appear to be having difficulties locking down funding.
No discount given to Indonesian firm for sale of TRX land, says MoF Inc
KUALA LUMPUR (March 8): The Minister of Finance Inc (MoF Inc) said today no discount was accorded to Indonesia's Mulia Group when the latter bought a 3.
MoF confirms buyback of TRX skyscraper from Indonesian firm
KUALA LUMPUR (March 7): The Ministry of Finance (MoF) has taken back control of The Exchange 106 skyscraper at the Tun Razak Exchange (TRX) here, after buying a 51% stake in Mulia Property Development Sdn Bhd, which is developing the 3.
Headwinds in the office market thanks to supply glut
PETALING JAYA (Jan 22): The Kuala Lumpur office market is likely to remain subdued due to supply glut, with developments such as Tun Razak Exchange (TRX), Merdeka PNB 118 and Sapura Tower nearing completion, said property consultancies Edmund Tie & Co (SEA) Pte Ltd and Nawawi Tie Leung Property Consultants Sdn Bhd in their “Kuala Lumpur Q4 2017: Retail sector was undergoing stress test” report.
Almost half of The Exchange 106 leased out
PETALING JAYA (Jan 12): The Exchange 106 — which, upon its completion by the end of this year, will be the tallest building in Southeast Asia at 492m — has leased out almost half of its space, reported The Star.
Pua: Putrajaya continues bailout of 1MDB with 106 Exchange Tower buy
KUALA LUMPUR (Jan 9): An opposition lawmaker has questioned the need for the government to use taxpayers’ funds to get involved in another mega-property project.
MoF may have bought 51% stake in TRX office tower developer, say sources
PETALING JAYA (Jan 6): The Minister of Finance (MoF) is believed to have acquired a 51% stake in Mulia Property Development Sdn Bhd, which is developing The Exchange 106 skyscraper — poised to be the tallest building in Southeast Asia — at the Tun Razak Exchange in Kuala Lumpur .
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Savills: TRX poised to be Malaysia’s most successful commercial development
KUALA LUMPUR (Jan 3): The Tun Razak Exchange (TRX) is set to be the most successful master-planned development in 2018, said Savills Malaysia Sdn Bhd (Savills) managing director Datuk Paul Khong.
Menara Prudential ready to be handed over in 1Q19
PETALING JAYA (Dec 5): Menara Prudential at the new Tun Razak Exchange (TRX) financial district is expected to be completed with interior fit-outs and services and ready to be handed over to its anchor tenant by 1Q19.
