{"id":1004116347,"date":"2015-03-27T05:10:35","date_gmt":"2015-03-27T13:10:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004116347"},"modified":"2022-12-08T19:42:23","modified_gmt":"2022-12-09T03:42:23","slug":"international-lend-lease-lends-a-hand-in-malaysia","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/international-lend-lease-lends-a-hand-in-malaysia\/","title":{"rendered":"International: Lend Lease Lends a Hand in Malaysia"},"content":{"rendered":"<p><i>By Adriana Pop, Associate Editor<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Lifestyle-Quarter-in-Kuala-Lumpur-Malaysia.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004116349\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/international-lend-lease-lends-a-hand-in-malaysia\/lifestyle-quarter-in-kuala-lumpur-malaysia\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Lifestyle-Quarter-in-Kuala-Lumpur-Malaysia.jpg\" data-orig-size=\"535,413\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Lifestyle Quarter in Kuala Lumpur Malaysia\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Lifestyle-Quarter-in-Kuala-Lumpur-Malaysia.jpg?w=535\" class=\"alignright size-medium wp-image-1004116349\" alt=\"Lifestyle Quarter in Kuala Lumpur Malaysia\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Lifestyle-Quarter-in-Kuala-Lumpur-Malaysia.jpg\" width=\"300\" height=\"231\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Lifestyle-Quarter-in-Kuala-Lumpur-Malaysia.jpg 535w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/Lifestyle-Quarter-in-Kuala-Lumpur-Malaysia.jpg?resize=300,232 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a> <\/i><\/p>\n<p>Lend Lease has partnered with Malaysian Government-owned real estate developer 1MDB RE for the construction of the \u201cLifestyle Quarter,\u201d the initial phase of the Tun Razak Exchange (TRX) global hub for international finance and business taking shape in Kuala Lumpur.<\/p>\n<p>Based on the concept of a unique work-live-play experience, Lifestyle Quarter will cover more than 17 acres of mixed-use development, including a shopping mall integrated with TRX\u2019s multi-layer central park, several residential towers and a hotel. Construction on the project is expected to begin in late 2015 and be complete in 2017.<\/p>\n<p>Under the joint venture agreement, the Australian property and infrastructure company will act as development manager for the project, which has an estimated end value of approximately $2.2 billion (AUD $2.8bn). The contract finalizes the master framework deal the partners signed last October, with Lend Lease owning 60 percent of the partnership and 1MDB owning 40 percent.<\/p>\n<p>\u201cLend Lease has operated in Malaysia for over 35 years and has worked on notable projects including the iconic Petronas Twin Towers,\u00a0 Setia City Mall and most recently Pinewood Iskandar Malaysia Studios,\u201d Lend Lease Group CEO &amp; managing director, Steve McCann, said in a news release. &#8220;The Lifestyle Quarter at TRX provides an opportunity for continued success in the region, leveraging Lend Lease&#8217;s global capabilities in partnering with national and city governments in major cities around the world to redevelop large-scale urban regeneration projects.&#8221;<\/p>\n<p>Other notable projects Lend Lease has been involved in include Barangaroo South and Darling Harbour Live in Sydney, Australia and The International Quarter and Elephant &amp; Castle in London, U.K. The company was selected to partner with 1MDB in the Lifestyle Quarter development in June 2014.<\/p>\n<p>TRX, formerly known as Kuala Lumpur International Financial District, is a multi-phase public-private master development meant to increase the number of world leading companies to the city, attract knowledge-based talent and drive greater economic growth for the country. Construction is expected to span over the course of 15 years. Upon completion, the approximately 70-acre district is expected to host 250 global financial services companies and create about 40,000 skilled and knowledge-based jobs.<\/p>\n<p><i>\u00a0<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lend Lease continues tackling projects in Malaysia, this time a large-scale urban regeneration hub.<\/p>\n","protected":false},"author":952,"featured_media":1004116349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,16,21752,21742],"tags":[],"class_list":["post-1004116347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-international","category-mixed-use","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>International: Lend Lease Lends a Hand in Malaysia - 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