Tun Razak Exchange’s (TRX) lifestyle hub, The Exchange TRX, is on its way to reach full occupancy upon its opening to the public in the fourth quarter of 2023 (Q4 2023), Australian property developer Lendlease said.
Lendlease and TRX’s master developer, TRX City Sdn Bhd, are jointly developing the lifestyle precinct.
Project director for The Exchange TRX and head of retail for Lendlease Malaysia Mitch Wilson said the confidence was based on the overwhelming response from potential tenants comprising local and international parties to date.
“Our vision and the cornerstone of Lendlease’s strategy with The Exchange TRX is to create a city-defining project within TRX, Malaysia’s first international financial district,” he told a media briefing on the project’s update here today.
“With our global platform, we have the trust of retailers from all over the world.
He said the diverse retail mix, complemented by dynamic leisure and entertainment activations, would serve as a key point of differentiation and drive visitors to linger longer and make repeated visits.
Wilson said conceived as “a lifestyle precinct in the park”, The Exchange TRX would include more than 400 experience stores, spanning only four retail levels featuring new-to-market brands, statement stores and reimagined store formats.
He said the 6.78 hectares lifestyle quarter is designed to offer a visionary glimpse of tomorrow’s urban living and a progressive retail destination that would bring international placemaking designs and sustainability standards to Malaysia.
“When we open our doors to the public in Q4 2023, this iconic social and lifestyle destination will appeal to not only an increasingly thriving on-site population but to all Malaysians as well as international visitors,” he said.
The Exchange TRX is Lendlease’s largest integrated development in Asia, encompassing approximately 120,773.95 square metres (sqm) of net lettable area (NLA).
Lifestyle anchor tenants include Golden Screen Cinemas, which would offer exciting new immersive cinematic experiences; the Seibu department store, which would be Malaysia’s first “depachika” Japanese food hall and take up approximately 23,225.76 sqm across four levels.
There will also be an up-scale supermarket by the Dairy Farm Group of Hong Kong along with some of the world’s leading international luxury brands, fast fashion and exciting new food and beverages concepts.
A unique feature of The Exchange TRX is its seamless integration into a 4.05 hectares rooftop public-activated park which offers an extraordinary opportunity to break down barriers between indoors and outdoors, creating a multi-dimensional leisure experience for families, the working community and visitors. – BERNAMA
