Lendlease gears up to enter KL retail scene

The Australian firm said in a statement the partnership would begin with a US$1bil investment, to be funded 20% by Lendlease and 80% by a large institutional investor.

KUALA LUMPUR: Even as construction progresses at the Tun Razak Exchange (TRX), the overall retail scene and by extension, the Lendlease group, may be find itself between a rock and a hard place.

With Klang Valley’s over supply of retail space, uncertain national and global economy, the Australian property and infrastructure group is leaving no stones unturned to smoothen its path as it establishes its 17-acre Lifestyle Quarter in TRX as the future destination of the city.