28 Sep '14, 2am

#singapore #property Lend Lease to develop TRX Lifestyle Quarter: 1MDB Real Estate has chosen... @valuepropertysg

#singapore #property Lend Lease to develop TRX Lifestyle Quarter: 1MDB Real Estate has chosen... @valuepropertysg

Comment E-mail to friend Bookmark & Share 1MDB Real Estate has chosen Australia-based Lend Lease as its strategic partner to develop a portion of the Tun Razak Exchange (TRX) in Kuala Lumpur, according to media reports. As a result, both firms will jointly build the Lifestyle Quarter in the new financial district. Spanning more than 17 acres, the mixed-use project consists of a hotel, three residential towers and an upcoming retail mall linked to a dedicated MRT station and TRX’s central park. “The development of the Lifestyle Quarter is expected to attract up to US$1 billion (RM3.2billion) in foreign direct investments to Malaysia. Lend Lease will be the majority shareholder in the joint venture, while 1MDB RE will hold a significant stake,” they said in a joint statement yesterday. With an estimated gross development value of over RM8 billion, the Lifestyle Quarter, has ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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