Tun Razak Exchange ( TRX )

Exploring Walk
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2.6 هزار بار بازدید - 8 ماه پیش - The Tun Razak Exchange, also
The Tun Razak Exchange, also known as TRX, is a 70-acre development project, designed to be Malaysia's International Financial Centre.

The master developer of the Tun Razak Exchange development is TRX City Sdn Bhd, a company wholly owned by the Malaysian Ministry of Finance, Inc.

The site is located at the southern gateway to Kuala Lumpur.

The master plan includes a total of 30 buildings and over 24 million ft2 of Gross Floor Area spread across the office, residential, hotel, retail, and food outlets.

It is estimated that eventually there will be 3,800 residential units in TRX.

The TRX project was officially launched in July 2012.

Earthworks commenced on site in October 2013.

The project has a development period of 15 years, to be completed in phases.

TRX's landmark building is The Exchange 106, currently the second tallest skyscraper in Malaysia.

The tallest building in Malaysia is Merdeka 118 at 678.9 meters. This is followed by Exchange 106 at 453.6 meters and the third is Petronas Twin Towers at 451.9 meters.

Other notable office buildings in the area include HSBC Bank Malaysia, Affin Bank Berhad and Prudential Malaysia.

HSBC Bank Malaysia invested USD 250 million for its new headquarters in TRX.

The new HSBC headquarters, known as Menara IQ, have a minimum office space of 568,000 square feet.

HSBC formally relocated its Malaysian headquarters to TRX in March 2022.

Prudential Malaysia has relocated its Malaysia headquarters to a 27-storey purpose-built building in TRX.

The new Prudential headquarters, with 51,018 m2 of Grade A office space, house all of Prudential's life insurance and asset management businesses in Malaysia under one roof.

The owner-cum-developer of this building is IJM Corp Berhad.

Construction work on this 27-storey building started in January 2017.

In April 2017, Affin Bank Berhad signed an agreement to acquire a 54,266 sq ft plot of land on which to build its headquarters.

In September 2018, IJM Construction Sdn Bhd was awarded superstructure contract for the construction of Affin Bank's new 47-storey headquarters.

The building was completed in March 2022.

In March 2015, TRX City Sdn Bhd signed a Joint Venture Master Framework Agreement with Lendlease, an Australia-based property and infrastructure group to develop the TRX's Lifestyle Quarter, which is known as The Exchange TRX.

Lendlease has a 60% stake in the joint venture, and TRX City Sdn Bhd has the remaining 40%
The project comprises :

the luxury Kimpton Hotel, with 471 rooms,

six residential towers - known as TRX Residences

and a Lendlease large scale retail destination - The Exchange TRX located underneath a 10-acre central park - known as TRX City Park.

TRX's Lifestyle Quater will occupy 17 acres and expected to be completed by 2025.

Leonard Design Architects were appointed to undertake the retail and hotel planning and concept work for this mixed use development.

The Exchange TRX consists of more than 500 experience stores spanning four retail levels, in addition to 2 basement levels of car park.

The unique feature of The Exchange TRX is its integration to a 10-acre rooftop TRX City Park which offers excellent views over Bukit Bintang area.

The mall was opened to the public on 29 November 2023.

Encompassing 1.3 million sq ft of Net Lettable Area, Exchange TRX anchor tenants include Seibu department store, Mercato supermarket and Golden Screen Cinemas.

Seibu Department Store is occupying 250,000 sq ft space, featuring over 400-500 retail brands across 4 levels.

The Seibu Department Stores, Limited. (株式会社西武百貨店) is a Japanese department store.
The company is now a subsidiary of Sogo & Seibu Company Limited, owned by the U.S. investment fund Fortress Investment Group.

Cold Storage's Mercato brand is occupying 23,000 square feet at The Exchange TRX.

The parent company of Cold Storage & Giant used to be Hong Kong-based DFI Retail Group .

In early 2023, DFI Retail Group sold its food retail businesses, including Cold Storage and Giant supermarket chains in Malaysia to a local retail group.

DFI Group Malaysia owns several notable retail brands including Mercato, Giant, and Cold Storage.
In Malaysia, the group operates 40 Giant hypermarkets, 40 Giant Mini stores, eight Mercato, two Cold Storages, and one TMC in Bangsar.

Golden Screen Cinemas Sdn Berhad is Malaysia's largest cinema exhibitor and a wholly-owned subsidiary of PPB Group Berhad (a member of the Kuok Group), which is an exhibitor and distributor of movies in Malaysia.

It operates over 600 screens in 70 locations across Malaysia and Vietnam, with 504 screens in 55 locations in Malaysia, and 108 screens in 18 locations in Vietnam through a partnership with Galaxy Studio.

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