News: IJM Corp Bags RM530mil TRX Contract

Mar 11, 2020

IJM Corporation Bhd won a RM530 million contract to develop Tun Razak Exchange’s (TRX) residential component. 

The letter of acceptance for the superstructure works of two serviced apartment blocks, known as TRX Residences, was received by IJM Construction Sdn Bhd from LQ Residential 1 Sdn Bhd, , reported New Straits Times.

IJM Construction Sdn Bhd is a wholly owned unit of IJM Corp, while LQ Residential 1 Sdn Bhd is a joint venture between Lendlease and TRX City Sdn Bhd.

Read our honest review on Core Residence @ TRX 

The project comprises a 53-storey tower with 443 units and a 57-storey tower with 453 units.

“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,” IJM said.

TRX Residences is the fourth addition to IJM’s portfolio of iconic projects in TRX.

To recall, IJM is carrying out two construction projects in TRX, HSBC Malaysia and Affin Bank’s new headquarters, both of which are set to be completed by end-2020.

Aside from these, IJM likewise developed, constructed and owns Menara Prudential. It was completed in May 2019 and is now 81% tenanted.

“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 IJM Corporation Group Chief Executive Officer and Managing Director Liew Hau Seng.

Liew added that projects in TRX, together with the ongoing building footprint of IJM in the city such as BBCC’s Mitsui Shopping Park Lalaport retail mall and the UOB office tower in Jalan Raja Laut, proves that IJM is capable of building world-class and prestigious high-rise developments.

IJM’s outstanding construction order book, including the TRX Residences project, stands at around RM5 billion.

TRX Residences’ construction work “will take 36 months from its scheduled commencement, and is slated for completion by May 2023”, said IJM.

Image source from TRX Residences

 

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