Lifestyle precinct at Tun Razak Exchange to open in 4Q2023
The Exchange TRX will have a 10-acre roof public-activated place. Called TRX City Park, it is created by Lendlease in joint venture with landscape engineers Oculus & Pentago. It will consist of children’s play areas, water functions, and shaded enclaves. It is going to also work as a place to hold exhibitions plus occasions.
Mitch Wilson, work executive for The Exchange TRX and director of market for Lendlease Malaysia, states that the lifestyle department is imagined as a “city-defining project” within TRX. “As an international organization, we are going to display our worldwide placemaking skills along with our 43-year history in Malaysia to introduce our trademark method to experiential retail.”
The Exchange TRX, the lifestyle neighborhood of the Tun Razak Exchange (TRX) in Kuala Lumpur, is set to open in 4Q2023. According to property developer Landlease, The Exchange TRX will most likely have greater than 400 stores around four retail degrees, with 1.3 million sq ft of total net lettable area.
Shops are going to consist of “new-to-market brand names, statement shops, and reimagined store formats”. Support renters include Golden Display Cinemas, Japanese department store Seibu, and Hong Kong’s Dairy Farm Group. There will also be 100 eating shops.
Wilson includes that occupancy levels at The Exchange TRC are “well ahead of market ratios”. “We believe the varied retail mix matched by strong leisure including amusement activations will work as a bottom line of distinction and may steer site visitors to linger a lot longer and also make continued trips.”