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Business envoy November 2021

Lendlease’s city defining urban regeneration precinct in Malaysia – The Exchange TRX

International property and infrastructure group, Lendlease, is developing its largest development in Asia – The Exchange TRX in Kuala Lumpur, Malaysia.  Headquartered in Sydney, Australia, urbanisation projects represent 80 per cent of its global development pipeline across 10 gateway cities around the world. Over the last 30 years in Malaysia, Lendlease has delivered a number of prominent projects such as the iconic Petronas Twin Towers, Platinum Park and Setia City Mall.

Located within the new Central Business District Tun Razak Exchange (TRX), The Exchange TRX is envisioned to be the new social heart of Kuala Lumpur and will help fulfil the Government's vision for TRX - a 70-acre city with a world-class business and financial hub.

TRX is the first development in Malaysia to have received a neighbourhood-level provisional Green Building Index (GBI) certification. One of TRX's key aspirations is to transform the city around it, creating an impetus for urban regeneration in the surrounding area. This new Malaysian landmark will be central to the realisation of Malaysia's visionary Masterplan and underpins Kuala Lumpur's  aspirations to be among the world's top 20 most liveable cities.

In partnership with TRX City Berhad, a subsidiary of the Malaysian Ministry of Finance, The Exchange TRX has been designed with a respect for local heritage, arts and culture yet representative of the Australian focus on sustainability and efficiency. It will be crowned by a 10-acre public park.  The TRX City Park will be a world class public realm that will be home to more than 150,000 plantings from close to 150 native plant species, creating a new biodiversity corridor attracting urban birds, butterflies, and bees. This activated rooftop park is envisioned as an event ready destination for arts and cultural celebrations as well as a space for sporting and outdoor activities that promote health and wellbeing, family-oriented and mixed-age activities.

Elevating Industry Safety Standards

In 2016, Lendlease signed a first of its kind collaboration between the public and private sector in Malaysia with the Construction Industry Development Board (CIDB) to develop a pipeline of a highly skilled workforce within 5 years. The Safety Supervisor Apprenticeship Program (SSAP) was an integrated approach designed by Lendlease and CIDB to provide an industry-recognised qualification where apprentices receive theoretical and on-site training.

At the end of this 5-year journey, a total of 104 apprentices have been certified as Site Safety Supervisors, achieving a joint aspiration in building a workforce with high safety standards.

As a leading global Australian developer operating in Malaysia, Lendlease is a corporate member of the Malaysia Australia Business Council, an organisation that has a strong affiliation with its counterpart, the Australia Malaysia Business Council, providing a broad network of linkages between the two countries.

TRX City Park is Kuala Lumpur’s Green Heart and the preferred city destination for arts and cultural exchanges as well as health and wellbeing experiences
TRX City Park is Kuala Lumpur’s Green Heart and the preferred city destination for arts and cultural exchanges as well as health and wellbeing experiences
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