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PETALING JAYA: Construction activities at the Tun Razak Exchange (TRX) are now almost back at the pre-pandemic level, with both developers – TRX City Sdn Bhd and Lendlease Group – aggressively ramping up works to meet the revised completion targets.
TRX City – the master developer of the international financial district TRX – is developing The Exchange TRX in a 40:60 joint-venture with Sydney-based property developer Lendlease.
TRX City chief executive officer Datuk Azmar Talib said the overall infrastructure at the 28.3ha development has seen 80% completion, while The Exchange TRX, which consists of a retail mall and rooftop park, would likely be completed in the fourth quarter of next year.
Of the other buildings, he said the Affin Bank headquarters is expected to be completed by the first quarter of 2022, while the TRX Residences and Core Residences towers will be completed in 2023.TRX City chief executive officer Datuk Azmar Talib said the overall infrastructure at the 28.3ha development has seen 80% completion, while The Exchange TRX, which consists of a retail mall and rooftop park, would likely be completed in the fourth quarter of next year. (File pi shows Azmar Taib with a TRX model.)
“Of course, our construction activities have been delayed for a few months due to the mandatory lockdowns coupled with supply chain disruptions.
“However, we were able to do partial works.
“We are very strict on the safety and standard operating procedures, and work very well with the authorities to ensure that our workers are safe,” he told a media briefing to update the progress of TRX yesterday.
Lendlease Malaysia managing director and country head Stuart Mendel noted that the workforce at The Exchange TRX currently stood at around 3,000 workers – almost the same as the pre-pandemic level.
On the mall take-up rate, he said about 50% of the entire retail space had been leased out to prominent tenants such as multiplex cinema operator Golden Screen Cinemas and international grocery chain Dairy Farm.
“We have got 12 months or so to go (to meet the completion target), we are happy with that 50% and will be able to lease the rest of it over the next 12 months,” he added. ― Bernama