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Thursday, 10 August 2017

(The Star) TRX north side take-up rate hits 80%

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

TRX City Sdn Bhd chief executive officer Datuk Azmar Talib said the group was now in an advanced stage of talks with various investors, some of them among 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 to several heads of missions on visit to the TRX site here.

Azmar said HSBC, one of the world’s largest banks, has committed a US$250mil for the building of its new Malaysian headquarters in TRX.

“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 said 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.

Meanwhile, InvestKL Malaysia CEO, Datuk Zainal Amanshah, whom met at the same event said, 13 ambassadors and representatives from 21 countries were brought to TRX site yesterday to witness the progress of the project. Among those in are from UK, France, Belgium, New Zealand, Kazakhstan, the Netherlands, China, Japan, he said.

“There are still interest here despite concerns in 1Malaysia Development Bhd.

“The investors’ confidence is still there as the fundamentals continue to be strong.

“We are also pushing for Digital Malaysia for companies begin to have their hubs here too,” he said. — Bernama