TRX hits 80 pct take up rate at north side

KUALA LUMPUR: The Tun Razak Exchange (TRX), an iconic 28.3-hectare (70-acre) development in the heart of Kuala Lumpur, has seen 80 per cent of the land on its north side being commercialised, or under negotiations.

TRX City Sdn Bhd Chief Executive Officer (CEO), Datuk Azmar Talib said the group is now in an advanced stage of talks with various investors, some of them amongst the world’s most recognisable names in banking and finance.

“Today, we have on board with us world class investors who believe in our vision,” he said in his welcoming speech, in hosting several Heads of Mission to the TRX site, here yesterday.

Azmar said, HSBC, one of the world’s largest banks, has committed a USD250 million investment for the building of its new Malaysian headquarters in TRX (US$1 = RM4.29).

“This is significant for us, as HSBC was also one of the early believers in Canary Wharf (in London) and Dubai International Financial Center, our inspirations.

“We also have Lendlease, who will jointly develop the Lifestyle Quarters, Mulia International Group, who is building the Signature Tower, Veolianwho is the concessionaire for our wastewater recycling plant, and the list is still expanding as we speak,” said Azmar.

Azmar added once TRX is open for business, the TRX Station will be the busiest station in Kuala Lumpur, with two lines and up to 25,000 passengers every hour at its peak. — Bernama