IJM secures RM530 mil contract for TRX Residences
PETALING JAYA, 10 March 2019 – IJM Construction Sdn Bhd (“IJM Construction”), a wholly owned subsidiary of IJM Corporation Berhad (“IJM”) has secured an RM530 million contract for the construction of The Exchange TRX’s residential component in the upcoming international financial district, Tun Razak Exchange (“TRX”), Kuala Lumpur.
IJM construction has received the letter of acceptance from LQ Residential 1 Sdn Bhd, a joint venture between international property and infrastructure group, Lendlease and TRX City Sdn. Bhd., for the superstructure works of two blocks of serviced apartments known as “TRX Residences.”
The project comprises two towers of 53 and 57 storeys each with a total of 443 units and 453 units respectively. Built to attain GBI Gold and LEED accreditation, TRX Residences also includes residential facilities, seven levels of podium and elevated car park, a mezzanine floor, one level of commercial space at ground floor and two levels of basement car park. The construction work will take 36 months from its scheduled commencement, and is slated for completion by May 2023.
TRX Residences will bring world-class urban living to Malaysia with an emphasis on sustainability, connectivity, community-centric engagement and smart living. It is seamlessly connected to The Exchange TRX retail, and the 10-acre TRX Park, giving residents direct access to vibrant and interlinked spaces. Residents will enjoy an integrated, walkable neighbourhood with access to retail, leisure, workspace and entertainment, all within the same precinct.
“TRX Residences is a great fourth addition to IJM’ portfolio of iconic projects in TRX and an acknowledgment of our extensive expertise in high-rise building construction projects. We take great pride in partnering with Lendlease and TRX City to deliver this exceptional project and to bring their vision for TRX Residences to life,” said Liew Hau Seng, Group CEO & Managing Director, IJM Corporation Berhad.
IJM is currently undertaking two construction projects in TRX – HSBC Malaysia and Affin Bank’s new headquarters which are both scheduled for completion by end-2020. Menara Prudential, which IJM developed, constructed and owns, was completed in May 2019 and is 81% tenanted. These projects in TRX, along with IJM’s ongoing building footprint in the city which includes the UOB office tower in Jalan Raja Laut and BBCC’s Mitsui Shopping Park Lalaport retail mall, are testaments to IJM’s capability as a builder of world-class, prestigious high-rise developments in the city centre.
Including the TRX Residences project, IJM’s outstanding construction order book stands at around RM5.0 billion.
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About IJM Corporation Berhad
IJM Corporation Berhad (“IJM”), formed in 1983, is today one of Malaysia’s leading construction groups and is listed on Bursa Malaysia KLCI. Its business activities encompass construction, property development, manufacturing and quarrying, infrastructure concessions and plantations.
Headquartered in Selangor, its operations are located in 10 countries, with primary focus in Malaysia, India and Indonesia. The Group presently has a market capitalisation of around RM7.06 billion and as of December 2019, the Group employed around 4,600 employees and has total assets of RM24 billion.
The Group’s belief in a shared destiny with its employees remains pivotal to its growing success while its reputation for professionalism, performance and good governance is acknowledged by customers and investors alike from its numerous corporate and industry accolades. IJM is committed to ethical business conduct and subscribes to the principles of good corporate citizenship for sustainable growth and development.
For more information, visit www.ijm.com