Tun Razak Exchange

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The Tun Razak Exchange, TRX, is an iconic 70-acre development in the heart of Kuala Lumpur that is set to become a leading centre for international finance and business. TRX is a strategic enabler of the Malaysian government’s Economic Transformation Programme (ETP) which will further strengthen Kuala Lumpur’s role as the country’s financial capital, by the creation of a seamless and central business environment for financial services firms, multinational companies (MNCs) and supporting ancillary businesses.

The master plan includes a total of 26 buildings and over 21 million ft2 of total building Gross Floor Area (GFA) spread across office, residential, hotel, retail, F&B and cultural offerings.

TRX has a development period of 15 years to be completed in phases with the initial Phase 1 slated for completion in 2017/2018.[1]

Developer[edit]

The Master Developer of TRX is TRX City Sdn Bhd. The TRX City Sdn Bhd is wholly owned by the Malaysian Ministry of Finance and serves as a strategic development company.

Location[edit]

Tun Razak Exchange is located in on the eastern edge of Kuala Lumpur's central business district, sandwiched between Bukit Bintang, Pudu, Cochrane, Kampung Pandan and Ampang Hilir. The Royal Selangor Golf Club is across Jalan Tun Razak, as well as RHB Bank's national headquarters and Zouk KL.

Transportation[edit]

Public transportation[edit]

Since July 2017 there is an  SBK20  MRT station immediately on-site, part of the MRT SBK Line. Previously the closest rail station to the project is the  MR5  Imbi Monorail station. rapidKL bus T407 connects the MRT station to Kampung Pandan.

Car[edit]

The Tun Razak Exchange site is located near the entrance to the SMART Tunnel E38 and adjacent to the junction of Jalan Tun Razak, Jalan Kampung Pandan and Maju Expressway E20 which connects downtown Kuala Lumpur to Cyberjaya.

Investors[edit]

In March 2015, TRX City signed a Lifestyle Quarter Joint Venture Master Framework Agreement with Lendlease[2] to develop the upcoming international financial district’s Lifestyle Quarter. The retail-led mixed-use development will occupy over 17 acres and would comprise a new retail mall, several residential towers and a hotel connected to a multi-layer central park as well as the largest MRT station in Kuala Lumpur.[3] Once completed, the development has a forecast Gross Development Value of over RM 8 billion.[4]

TRX announced the signing of a 20-year concession agreement with Veolia Water Technologies Southeast Asia in September 2014, for wastewater treatment and recycled water supply in TRX.[5] A key component of TRX’s sustainability framework, the district is supported by Veolia’s onsite cooling system to reduce energy consumption and waste water recycling treatment to conserve water, as well as a large urban public green realm for Kuala Lumpur.

Following the partnership with Lendlease, TRX announced its Sale and Purchase agreement with the Mulia Group to develop the Signature Tower.[6] In April 2016, the Mulia Group announced that all excavation, blasting, piling and site work have been completed within a span of three months. The next phase of the construction of the Signature Tower, saw the pouring of concrete, a massive 20,000 m3 mat foundation. Under the group, the Signature Tower will be the tallest building in TRX as its centre piece landmark. It will have 92 floors with massive column free floor plates averaging at 34,000 square feet, and totalling a gross floor area of about four million square feet.[7]

Other investors include Affin Bank Berhad which will hold its new headquarters,[8] housed on a site located in the district’s Financial Quarter and WCT Group which has proposed a residential development to be undertaken comprising a tower block of high-end serviced apartments with complimentary retail components.[9]

References[edit]

External links[edit]