DEVELOPER OF THE MONTH
TRX as the future central business zone in KL is set to be the most sought-after business address with the added benefits of co-locating and clustering with top entrepreneurs and talent”
the Mass Rapid Transit (MRT), with high hopes of being the busiest station. By hosting two MRT lines, it is hoped that commuting to TRX will be a breeze. With both KL Sentral and Bandar Malaysia easily accessible via MRT, travelling to and from the airport and the KL – Singapore high speed rail (HSR) station will be a pleasant ride away. Azmar added, “As the master developer, we are responsible to deliver our promises for a world-class TRX for the tenants and Kuala Lumpur too. We are footing an estimated cost of RM3 billion for the infrastructure to strategise the 70-acre land into a multi-accessible international financial hub.” The new Southern Gateway to Kuala Lumpur would be able to extend and enlarge the current Kuala Lumpur CBD and the Bukit Bintang Shopping Belt. Even now, TRX has invested beyond its borders to upgrade a stretch of Jalan Tun 34 | FEBRUARY 2017 www.propertyinsight.com.my
- Dato’ Haji Azmar Talib
Razak and enhance the streetscape of neighbouring locations, to create a more conducive and pulsating environment for the pedestrians. BEAT THE ODDS TRX can cope with some challenges as their investors were long sighted on the development and plans. A good mix of local and international investors like Lendlease (Australian based property developer), the Mulia Group (Indonesia), Affin Bank, WCT Bhd and Pilgrims Fund Board (Lembaga Tabung Haji). One of its effort is to fill the gap, by conceptualizing and building what the city needs. “Our strong investor and tenant response is a testament to that. We are currently in serious talks with international and local financial institutions to bring their operations to TRX, and will make the necessary announcements in due course,” added Azmar.
At the present, it is TRX’s priority to deliver the required infrastructure for the development, with work and all systems in full swing to move ahead. Azmar pointed that there is a continuous demand in their office products. Having top-notch accessibilities and with capable partners, such as world renowned retail mall developer Lendlease on board will certainly be a bonus. As TRX is a master-planned mixed-use project, the retail mall will not be a standalone attraction. It would serve a ready population of office workers in the district as well as the visitors. “The challenge on competition is stiff, which is why we plan to offer something different, a new-to-themarket brands, a new retail approach and new products too,” said Azmar. The highlight of the project is the prime grade A office towers in TRX in compliance with the specifications of the highest international standards, positioned to provide the best office space in Kuala Lumpur. This type of building is still in demand, and being a phased development allows the developer to build and pace themselves in accordance to the existing demands.