Lendlease, a leading international property developer, commissioned Cistri to conduct a retail market study for its landmark project in Kuala Lumpur. The Tun Razak Exchange (TRX) project is located on a 29-hectare site and will be a key enabler that will strengthen the position of Kuala Lumpur as a global financial city of choice. Cistri has provided ongoing advisory services through its development cycle on the 122,000 sq.m retail mall component of the project.
This advice has ranged from the appropriate scale and phasing of development, tenant mix and market position, advice on layout and also financial assessments examining the sales and rent potential of various schemes. Cistri’s deep understanding the Kuala Lumpur retail market has assisted Lendlease over the years refine its development and leasing strategy, helping TRX to become the future focal point for retail, dining and entertainment in central Kuala Lumpur.
TRX is one of South East Asia’s largest city shaping projects. It will over time become one of the major destinations for both tourists and residents alike to enjoy retail and entertainment in a unique and modern setting.