(From left) Lendlease group chief executive officer and managing director Steve McCann, Finance Minister Lim Guan Eng and TRX City Sdn Bhd chief executive officer Datuk Azmar Talib by a miniature of the Lifestyle Quarter project that is being jointly developed by Lendlease and TRX City Sdn Bhd.
KUALA LUMPUR: Australian-listed Lendlease and TRX City Sdn Bhd (TRXC) have secured a RM2.15bil financing facility for its Lifestyle Quarter joint-venture (JV) development at the Tun Razak Exchange (TRX), a project that has come under scrutiny due to its association with scandal-ridden 1Malaysia Development Bhd (1MDB).
Lendlease Asia chief executive officer Tony Lombardo said the TRX project’s link to 1MDB was not a deterrent in attracting financial backers and potential investors.
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