KUALA LUMPUR — Feb. 12, 2019: Australia-based property and infrastructure group Lendlease Corp. Ltd. has secured a RM2.15 billion financing for its Lifestyle Quarter mixed integrated development at the Tun Razak Exchange (TRX) here.
The financing partners are HSBC Malaysia, Standard Chartered Bank Malaysia, Malayan Banking Berhad and Sumitomo Mitsui Banking Corporation.
The quality and calibre of these financial partners presents an additional and particularly stronger confidence in the project and the economic future of Kuala Lumpur,” said Lendlease Chief Executive officer and Managing Director Steve McCann today at the launch of TRX Lifestyle Quarter.
The 6.88-hectare project is a central part of the TRX financial district master plan, encompassing a lifestyle retail mall, restaurants, hospitality and leisure offerings, condominiums and a park.
In 2014, Lendlease signed a joint-venture agreement with Minister of Finance’s wholly-owned subsidiary, TRX City Sdn. Bhd.Last year, the government agreed to provide TRX City up to RM2.8 billion in additional funding to allow the company to complete the project. — Bernama