WCT Holdings Bhd has secured a RM555 million contract from Lendlease Projects (M) Sdn Bhd for a proposed mixed development in the Tun Razak Exchange (TRX) Lifestyle Quarter.

In a stock exchange filing, WCT said Lendlease had, in a letter dated July 11, confirmed its intent to award the works for the project known as the 'Proposed Commercial Mixed Development on Plot 1' to WCT Bhd (WCTB), a wholly-owned subsidiary of the company.

The contract comprises the construction of a four-level shopping complex, three levels of car park, a level of open landscape with retail space, an information centre (future development), as well as the future development of Lot PT157 in Seksyen 67 of Jalan Tun Razak.

The award is subject to the terms of a preliminary works agreement (PWA) executed between Lendlease and WCTB today, and the execution of a trade contract prior to Oct 10, which is when the PWA will expire.

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