Tun Razak Exchange (TRX), Kuala Lumpur’s upcoming international financial district, announced today that it has signed Indonesia’s leading property developer Mulia Group on board to develop its Signature Tower. This follows the signing of the Sale and Purchase agreement between 1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, and the Mulia Group for the development rights of the plot. The land transaction is valued at RM665 million.

Tun Razak Exchange (TRX) takes the next step in key infrastructure construction work that will boost connection and access to Kuala Lumpur’s upcoming 70-acre international financial centre. 1MDB Real Estate (1MDB RE) Sdn. Bhd. Chief Executive Officer Dato’ Azmar Talib said TRX’s first earthworks package is now nearing completion.

1MDB Real Estate (1MDB RE), the master developer for Tun Razak Exchange (TRX) in Kuala Lumpur, and Lend Lease have sealed their partnership to develop the upcoming international financial district’s Lifestyle Quarter. Subsequent to the signing of a Master Framework Agreement last October, both parties today signed Joint Venture Agreements and a Sale and Purchase Agreement in the presence of the Prime Minister of Malaysia Dato’ Sri Mohd Najib Tun Abdul Razak.

1MDB Real Estate (1MDB RE) and Lend Lease continue to make good progress in the collaboration, design and documentation for the development and delivery of the world class Lifestyle Quarter project at Tun Razak Exchange (TRX) in Kuala Lumpur, Malaysia. Further to the media release on the Lifestyle Quarter of TRX on 25 June 2014, the parties advise that they have now achieved a substantial milestone in signing the Lifestyle Quarter Joint Venture Master Framework Agreement (“Agreement”).

1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, is inviting contractors to participate in an open pre-qualification exercise for infrastructure and internal roadway works to be built at the upcoming financial and business district. 1MDB RE Chief Executive Officer Dato’ Haji Azmar Talib said earthworks package, which started April 2013, is expected to complete the first half of next year. The pre-qualification process for the next batch of work will shortlist qualified companies for the tender stage.

Malaysia’s upcoming financial and business district Tun Razak Exchange (“TRX”) today announced the signing of a 20-year concession agreement with Veolia Water Technologies Southeast Asia for wastewater treatment and recycled water supply in TRX. The wastewater treatment plant to be built and operated by Veolia will be a key component of TRX’s sustainability framework, supplying recycled water and cutting water demand by more than 50%.

The Tun Razak Exchange (TRX), Kuala Lumpur’s highly anticipated financial district, has chosen international property and infrastructure group Lend Lease as a major joint venture partner for part of its development. 1MDB Real Estate Sdn Bhd (1MDB RE) and Lend Lease have today signed a binding agreement to work exclusively together to finalise the joint venture documentation and to commence work on the TRX Lifestyle Quarter.

Malaysia-China relations reach new heights today when two state-owned agencies entered into an investment cooperation agreement on strategic initiatives for regional and global economic growth. This signals China’s commitment to further strengthen economic linkages anchoring on the Tun Razak Exchange’s Signature Tower as a new impetus for trade and economic growth.

The Tun Razak Exchange (TRX), Kuala Lumpur’s highly anticipated upcoming financial district, is now calling for international and domestic investors to be part of its strategic development. Following strong expressions of interest from a host of local and global players, master developer 1MDB Real Estate Sdn Bhd (1MDB RE) today formally invites qualified investors to submit proposals for Stage 1 of TRX.

Tun Razak Exchange (TRX) project gains major momentum as 1MDB awards its first package of earthworks and substructure contract to WCT Berhad today. The RM169 million contract is the first in a series of TRX earthworks and civil engineering packages to be awarded.