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34-485: The master plan includes a total of 26 buildings and over 21 million ft of Gross Floor Area (GFA) spread across the office, residential, hotel, retail, F&B and cultural offerings. The project has a development period of 15 years to be completed in phases with the initial Phase 1 slated for completion in 2017/2018. TRX's landmark building is The Exchange 106 , currently the third tallest skyscraper in Malaysia , and

68-569: A Sale and Purchase agreement for the development rights of the plot of land for the Exchange 106 (then known as the Signature Tower), with the land transacted at a value of RM665 million. Groundwork on the Exchange 106 plot commenced on 1 March 2016, with the mat concrete foundation laid in May 2016 (see "Progress" section below). Presently, Mulia Property Development Sdn Bhd is 51% owned by

102-577: A contract sum of approximately RM392 million (excluding lifts and facade works). HSBC formally relocated its Malaysian headquarters to TRX in March 2022, replacing its old headquarters at Market Square where it had been since British colonial rule . Prudential Malaysia has relocated its Malaysia headquarters to a 27-storey purpose-built building in the TRX's financial district. The new Prudential headquarters, located adjacent to TRX's main pedestrian gateway from

136-466: A global architectural firm after it won an international design competition for the building. Affin Bank Berhad will build its new headquarters on a site located in the district's Financial Quarter. In April 2017, the bank signed an agreement to acquire a 54,266 sq ft plot of land on which it will build its headquarters, for a total cost of RM555 million. In September 2018, IJM Construction Sdn Bhd

170-430: A land plot within TRX for a sum of RM223 million. Together with this, WCT was awarded RM754 million contract to construct and complete infrastructure and roadways in TRX. In August 2017, WCT announced that its subsidiary WCT Land Sdn Bhd and WCTPD had agreed with CCCG Overseas Real Estate Pte Ltd (CORE) to develop this plot of TRX land. In January 2019, Core Precious Development Sdn Bhd (80% owned by CCCG and 20% WCT), held

204-758: A large urban public green realm for Kuala Lumpur. The Exchange 106 The Exchange 106 ( Malay : Menara Exchange 106 ), formerly known as the TRX Signature Tower , is a 445.5-meter-tall (1,462 ft) supertall skyscraper in Kuala Lumpur , Malaysia. It is the second-tallest building in Malaysia and the third-tallest building in Southeast Asia . It is also the second largest skyscraper in Malaysia by floor area with 453,885 m (4,886,000 sq ft). The tower has

238-562: A mix of apartments, serviced apartments, and other commercial developments, with a gross development value estimated at RM900 million. In January 2019, Lembaga Tabung Haji sold its plot of land at a premium to Urusharta Jamaah Sdn Bhd, a company owned by the Malaysian government . China Communications Construction Co Ltd (CCCC) will build a commercial tower that it will use as its hub for the ASEAN region . The CCCC tower will be constructed on

272-639: A net lettable area of 240,000 square metres (2.6 million square feet). It is also the centerpiece of the new Tun Razak Exchange (TRX) financial district. The Exchange 106 is currently the nineteenth tallest building in the world according to the Council on Tall Buildings and Urban Habitat (CTBUH) and the second-tallest building in Malaysia , surpassing the Petronas Twin Towers by 1.7 meters. As of October 2019, about 46,000 m (500,000 sq ft) of Exchange 106's floor space

306-503: A nett lettable area of 2.8 million sq ft. HSBC Bank Malaysia invested USD 250 million for its new headquarters at TRX, and it was reportedly the first foreign bank in Malaysia to invest in the project. The new HSBC headquarters, named Menara IQ , will have a minimum office space of 568,000 square feet. It has appointed IJM Construction Sdn Bhd as the contractor to undertake the HSBC Malaysia headquarters' design and construction for

340-479: A wholly owned subsidiary of the Malaysian Minister of Finance Inc., signed a Joint Venture Master Framework Agreement with Lendlease , an Australia-based property and infrastructure group to develop the TRX's Lifestyle Quarter, which has been renamed as The Exchange TRX. Lendlease has a 60% stake in the joint venture, and TRX City Sdn Bhd has the remaining 40%. The retail-led mixed-use development entered

374-410: Is located near the entrance to the [REDACTED] SMART Tunnel and adjacent to the junction of Jalan Tun Razak , Jalan Kampung Pandan, as well as the [REDACTED] Maju Expressway which connects downtown Kuala Lumpur to Cyberjaya and Putrajaya . Tun Razak Exchange is also situated beside an exit of the [REDACTED] Setiawangsa–Pantai Expressway (SPE). In March 2015, TRX City Sdn Bhd,

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408-535: Is the  KG20   PY23  Tun Razak Exchange MRT station, served by the 9 MRT Kajang Line and 12 MRT Putrajaya Line . RapidKL bus route T407 (an MRT feeder route) connects the MRT station to Kampung Pandan while the longer route 402 (ordinary route) connects to Maluri , Jalan Ampang , KLCC , Hospital Kuala Lumpur and finally the Titiwangsa bus hub. The Tun Razak Exchange site

442-476: Is the main contractor of this Grade A, LEED Gold-certified office building. Construction work on this 27-storey building started in January 2017, and by December 2017, IJM had completed the building's structural works up to its top floor. As of the second half of 2018, IJM had already secured tenants (which includes Prudential Malaysia) for 84% of its net lettable area. The building was designed by Broadway Malyan,

476-579: The Tun Razak Exchange MRT underground station on site. The underground station is one of two interchanges between the Kajang and Putrajaya MRT lines. Kimpton Hotels %26 Restaurants The Kimpton Hotel & Restaurant Group, LLC is a San Francisco , California , based hotel and restaurant brand owned by IHG Hotels & Resorts (IHG) since 2015. Founded in 1981 by Bill Kimpton and led by Chief Executive Officer Mike DeFrino,

510-490: The Bukit Bintang area, incorporates the traditional Malaysian element of Tengkolok Diraja (a Malay royal headgear). With 51,018 m of Grade A office space, the building will house all of Prudential's life insurance and asset management businesses in Malaysia under one roof. The owner-cum-developer of this building is IJM Corp Bhd , through its wholly owned subsidiary Fairview Valley Sdn Bhd. IJM Construction Sdn Bhd

544-537: The Exchange had been successfully leased to three anchor tenants: % Arabica will also be opening a roastery and it will be the second outlet in Malaysia upon completion of the mall. Other well-known retailers that will make their presence at the mall include Kiehl’s , Diptyque , Coach , Tiffany & Co , Fendi , Hublot , Dior , Burberry , Saint Laurent , Gucci , Chanel , Louis Vuitton , Guerlain , Rimowa , Hublot , Lancôme , Bell & Ross , Steve Madden , Gentle Monster and many more. In December 2022,

578-754: The Kimpton brand name within the U.S. and is expanding it globally. As a result of the acquisition, seven of Kimpton's nine hotels in San Francisco left the brand in July 2015. In addition to the Hotel Monaco and Palomar Hotel brand hotels, other company hotels include: CAYMAN ISLANDS EUROPE ASIA US The company's environmental program is called Earthcare. Every hotel adopts standard environmentally friendly products and practices, such as eco-friendly cleaning supplies and recycling . Every year,

612-627: The Ministry of Finance through MKD Signature Sdn Bhd and 49% by Mulia International. The Exchange 106 was managed by the Mulia Group, with structural construction carried out by the China State Construction Engineering Corporation, through its Malaysian subsidiary China State Construction Engineering (M) Sdn. Bhd. In May 2016, the tower's foundation concrete pour took place over a weekend and

646-465: The Signature Tower construction saw the pouring of concrete, a massive 20,000 m3 mat foundation. The Signature Tower, now named The Exchange 106 , the tallest building in TRX and one of the tallest in Malaysia, is the TRX's centrepiece landmark. It has 106 floors with massive column-free floor plates ranging from 28,000 to 34,000 square feet, a gross floor area of about four million sq. ft., and

680-594: The Tun Razak Exchange development is TRX City Sdn Bhd, a company wholly owned by the Malaysian Ministry of Finance, Inc . Tun Razak Exchange is located in 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 . Since July 2017, there

714-591: The company launched two sub-brands in 2005, Hotel Palomar and Hotel Monaco. Each property has a restaurant or bar that is marketed as upscale or trendy. In 2020, Fortune magazine ranked Kimpton Hotels & Restaurants at number 10 on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction. The company also manages and operates hotels owned by other entities, under contract. On December 16, 2014, IHG announced that it would acquire Kimpton for $ 430 million in cash. IHG retained

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748-472: The company sponsors a red ribbon campaign generating awareness and funds for local HIV service agencies. Local hotels make donations to LGBT charities and host events for local community groups. Kimpton formed K-GLEN, the Kimpton Gay and Lesbian Employee Network, to advise the company on personnel and community outreach concerns. The committee meets quarterly and has representation from every region of

782-512: The construction phase in September 2017 after a 2-year design period, with completion expected in 2020/21. Lendlease secured an RM2.15 billion loan to complete this RM9 billion development. It will occupy over 17 acres and would comprise a retail mall ( The Exchange TRX ) located underneath a 10-acre central park (TRX City Park), 6 residential towers (TRX Residences) and a luxury hotel (Malaysia's first Kimpton Hotel , with 471 rooms) connected to

816-477: The groundbreaking ceremony for this project (named CORE Residence @ TRX), which comprises two serviced residence towers and one serviced apartment tower, scheduled to be completed in 2023 with handover in 2024. The project features 700 residential units, catering to financial professionals and expatriates. Lembaga Tabung Haji bought a 0.631-hectare piece of land in TRX for RM188.5 million in 2015. In 2017, Tabung Haji announced that its TRX development would encompass

850-528: The group was the largest chain of boutique hotels in the United States in 2011. As of January 2024, it operates 81 hotels worldwide with a number of new properties forthcoming. New hotels have been announced for Indianapolis , Los Angeles , Paris , Barcelona, Charlottesville , Frankfurt, Grenada , Bali , Tokyo, Shanghai , Hong Kong , Rotterdam and Sanya . While most Kimpton properties are marketed under their own names as boutique hotels,

884-587: The land that was previously earmarked for the construction of high-end serviced apartments by WCT Holdings, but WCT has denied this – see the WCT section below. TRX signed a 20-year concession agreement with Veolia Water Technologies Southeast Asia in September 2014, for wastewater treatment and recycled water supply in TRX. A key component of TRX's sustainability framework, the district is supported by Veolia's onsite cooling system to reduce energy consumption and wastewater recycling treatment to conserve water, as well as

918-722: The multi-layered central park as well as the Tun Razak Exchange MRT station . The central park will connect all the buildings within TRX using tumbling, terraced greenery, water features and shaded sections. Once completed, the development has a forecast gross development value of over RM9.5 billion. The Exchange TRX, with a nett lettable area of 120,773 square metres, will be a shopping, dining (with five F&B precincts offering local, international and rooftop luxury dining experiences), leisure and entertainment destination featuring over 500 shops. In October 2017, Lendlease Development Malaysia Sdn Bhd said that more than 26% of

952-485: The project director of The Exchange TRX, Mitch Wilson, said that the mall will include more than 400 stores across four retail levels. The mall was opened to the public on 29 November 2023. Following the partnership with Lendlease, TRX announced its Sale and Purchase agreement with the Mulia Group to develop the Signature Tower. In April 2016, the Mulia Group announced that all excavation, blasting, piling and site work have been completed within three months. The next phase of

986-563: Was awarded RM505 million superstructure contract for the construction of Affin Bank's new 47-storey headquarters. The building, expected to be completed by the end of 2020, features a banking hall, auditorium and convention facilities, and access to the TRX MRT station via a sunken plaza, spacious outdoor terraces and sky gardens. In October 2015, WCT Holdings Berhad, through its subsidiary WCT Precious Development Sdn Bhd (WCTPD), agreed to purchase

1020-537: Was expected to be completed by the third quarter of 2021. Later on, the construction of the mall was delayed due to the strict Movement Control Order (MCO) in the country caused by the COVID-19 pandemic . The completion of the mall was pushed back to 2022 and but was subsequently opened in November 2023. As of December 2021, the overall infrastructure of TRX was at 80 percent completion, while The Exchange TRX mall

1054-618: Was expected to be completed in the third quarter of 2023. The tower, along with Merdeka 118 , has often been referred by many Malaysians as highly unnecessary and a "national disgrace", with their presence on the Kuala Lumpur skyline "tainted" and signifying the legacy of the scandal. The skyscraper is currently served by the Kajang Line  KG20  and the Putrajaya Line  PY23  with one station,

Tun Razak Exchange - Misplaced Pages Continue

1088-543: Was expected to be taken up by tenants. The floor space is column-less, ranges from 2,600 to 3,200 m (28,000 to 34,000 sq ft). The skyscraper was first conceptualized when TRX was controlled by 1Malaysia Development Berhad (1MDB), a sovereign fund owned by the Government of Malaysia . On 13 May 2015, 1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, and the Mulia Group announced that, through Mulia Property Development Sdn Bhd, they had signed

1122-986: Was the second tallest upon completion. 1. Menara Exchange 106 - 453.6 m (1,488 ft) - 106 - Completed 2. TRX Residence B - 235 m (771 ft) - 57 - Completed 3. Menara Affin - 233 m (764 ft) - 47 - Completed 4. Menara Golden Eagle - Hotel, Office and Residence - 217 m (712 ft) - 60 - Under construction 5. TRX Residence A - 230 m (750 ft) - 53 - Completed 6. CORE Residence - 228 m (748 ft) - 50 - Topped-out 7. Menara TS Law - 210 m (690 ft) - 48 - Completed 8. Menara IQ - 150.4 m (493 ft) - 34 - Completed 9. Menara Prudential - 131 m (430 ft) - 27 - Completed 10. Kimpton Hotel - 115 m (377 ft) - 29 - Under construction 11. The Exchange TRX Office Block - 105 m (344 ft) - 13 - Under construction 12. The Exchange TRX Mall - 20 m (66 ft) - 6 - Completed The master developer of

1156-407: Was the second-largest continuous concrete pour in the world. In December 2017, the building was structurally topped out, 19 months after commencement, achieving an average of 3 days a floor. Exchange 106 achieved its Certificate of Completion and Compliance in September 2019. The construction of the TRX's shopping mall (known as The Exchange TRX ) which is located at the foot of the Exchange 106

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