KUALA LUMPUR (March 22): TRX City Sdn Bhd’s agreements with its joint venture partner Lendlease Corp to develop the Lifestyle Quarter at the Tun Razak Exchange (TRX) in Kuala Lumpur, are now unconditional. The Lifestyle Quarter is a 17-acre mixed-use development comprising six residential towers (TRX Residences), a luxury hotel, park and new city centre retail mall, The Exchange TRX. The project will be developed in stages through a joint venture, with Lendlease owning 60% and TRX City owning 40% of the partnership. Lendlease is also the development and construction manager for the Lifestyle Quarter project. Managing Director for the TRX Lifestyle Quarter, Stuart Mendel, said the Lifestyle Quarter supports TRX’s vision of creating a world class financial district, and believes Lendlease can transform the area into an exciting destination.

Source: The Edge Markets March 22, 2017 04:41 UTC