KUALA LUMPUR: IJM Construction Sdn Bhd, a wholly-owned subsidiary of IJM Corporation Bhd (IJM), has secured a RM530 mil contract for the construction of The Exchange TRX’s residential component in the upcoming international financial district, Tun Razak Exchange (TRX), here.
IJM said its subsidiary had received the letter of acceptance from LQ Residential 1 Sdn Bhd, a joint venture between international property and infrastructure group Lendlease and TRX master developer TRX City Sdn Bhd, for the superstructure works of two blocks of serviced apartments known as TRX Residences.
The project comprises a 53-storey tower and 57-storey tower with 443 units and 453 units respectively, together with residential facilities, car parks and commercial space.
Construction work will take 36 months and is slated for completion by May 2023.
“TRX Residences is a great fourth addition to IJM’s portfolio of iconic projects in TRX and an acknowledgement 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,” IJM Corporation group CEO and managing director Liew Hau Seng said in a statement.
IJM is currently undertaking two construction projects in TRX – HSBC Malaysia’s 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.
Including the TRX Residences project, IJM’s outstanding construction order book stands at about RM5 bil. – March 10, 2020, Bernama
