Lend Lease Appointed as 1MDB TRX partner
Lend Lease has been appointed by 1MBD as a partner to complete a RM 8 billion lifestyle quarter as part of Tun Razak Exchange (TRX) development. TRX lifestyle project consists of one hotel, 3 residential towers, multi layered central park which are all connected with MRT station. These developments are predicted to attract around Rm3.2 billion of foreign direct investment. Lend Lease was chosen from a pool of international bidders due to it’s distinctive proposal although the percentage of partnership by Lend Lease is not known.
Lend Lease is an international infrastructure company which is based at Sydney, Australia. This large multinational company is operating in more than 40 countries around the world was involved in several high profile projects such as Sydney Opera House in Australia. Lend Lease has operated over 30 years in Malaysia and was involved in Petronas Twin Tower project.