KUALA LUMPUR: Construction for the shopping mall at Tun Razak Exchange (TRX) is expected to be completed by the third quarter of 2021.
Speaking to the press after a site visit yesterday, Lendlease project director for The Exchange TRX Brendan Walker said construction works of the mall – which will have a net lettable area (NLA) of 1.3 million square feet – are progressing well,
“The 10-acre rooftop park is currently in the final rounds of approvals with DBKL (Kuala Lumpur City Hall) and we are currently finalising the designs for the hotel and office for approvals.
“Following the retail portion, the office and hotel blocks are expected to be completed late 2021 to early 2022,” he said.
As for the residential component, there will be six apartment blocks with a total of 2,500 units.
Walker said Lendlease had begun engaging with local and international agents, but had yet to commence sales for the residential units.
The super structure of the entire mixed development is completed, marking a completion progress of 10% to 15%.
The Exchange TRX, which will have a gross development value (GDV) of AUD3bil (RM9.1bil), is a 17-acre mixed-use development that comprises a hotel, campus style office, six residential towers and a large scaled retail mall crowned by a 10-acre rooftop park.
The development will include a purpose built MRT station, which has the only interchange of two MRT lines in the city, as well as direct access to major highways and arterial roads across Kuala Lumpur.
To recap, the TRX is a joint venture between Australia’s international property and infrastructure group Lendlease, which owns 60% equity, and TRX City Sdn Bhd, with 40% equity.
Walker also shared that the company has achieved five million safe work hours at The Exchange TRX site, made possible through a combination of Lendlease’s health and wellbeing framework, safety framework, and innovative use of technology in the entire planning and delivery process.
“The five million safe work hours is a significant milestone for Lendlease in any of our projects.
“Safety is not just a ‘corporate responsibility’ for us, we believe it is a real differentiator to our projects.
“Given the scale and scope of a mega-project like The Exchange TRX, it requires rigorous application and adherence to health and safety standards as well as the innovative use of the latest technology to ensure we keep our workers safe and productive,” he said.