Lifestyle precinct at Tun Razak Exchange to open in 4Q2023
The Exchange TRX, the lifestyle district of the Tun Razak Exchange (TRX) in Kuala Lumpur, is set to launch in 4Q2023. According to developer Landlease, The Exchange TRX will most likely have greater than 400 outlets across four retail levels, using 1.3 million sq ft of full net lettable place.
Mitch Wilson, campaign director for The Exchange TRX and also chief of retail for Lendlease Malaysia, states that the lifestyle precinct is pictured as a “city-defining project” within TRX. “As an international organization, we will definitely showcase our international placemaking knowledge alongside our 43-year background in Malaysia to introduce our trademark strategy to experiential market.”
Stores are going to feature “new-to-market brands, statement shops, together with reimagined store formats”. Anchor renters consist of Golden Display Cinemas, Japanese department store Seibu, and Hong Kong’s Dairy Farm Group. There may additionally be 100 eating shops.
The Exchange TRX will have a 10-acre roof public-activated park. Called TRX City Park, it is created by Lendlease in joint venture with landscaping designers Oculus & Pentago. It definitely will feature young children’s play areas, water attributes, and shaded enclaves. It is going to also act as a place to host exhibits plus events.
Wilson adds that occupancy levels at The Exchange TRC are “well ahead of market ratios”. “Our team believe the diverse retail mix complemented by vibrant recreation and also amusement activations will serve as a bottom line of distinction and even will drive site visitors to linger a lot longer and make continued visits.”