Lendlease targets to lease 90 pct of TRX mall by end-2021

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Its CEO says it already has several international tenants committed and mall building structure is at 40 pct complete.

Lendlease Group, the developer of the retail-led mixed development part of the Exchange TRX project, is eyeing to have the retail portion 90 percent leased by end of 2021.

“We are 24 months away from opening and we are already leased and in final negotiations of commitment for about 50 percent of our retail space. We feel that the market will very much be able to see what we are trying to deliver through the project here,” he toldHe said that among the factors attracting tenants to the retail space is the 4.05ha of parkland on the top of the shopping mall, which represents great community space and massive investment into green space for the KL city.

Lombardo said the food and beverages segment under the retail portion is not yet open for leasing as the segment is continuously changing and the group has not decided on the best F&B concept for the mall.

 

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