KUALA LUMPUR — A Malaysian family office has acquired a major interest in The Exchange TRX from Lendlease in a landmark RM1.1 billion transaction, reinforcing the retail and lifestyle hub’s strong market positioning.
Under the deal, the family office takes a 40 per cent stake in the retail mall and 60 per cent of the office tower. The transaction comes after The Exchange TRX recorded RM2.64 billion in first-year sales and drew 45 million visitors.
The precinct continues to attract world-renowned tenants, further strengthening its reputation as Kuala Lumpur’s leading retail, commercial and entertainment destination.
Lendlease said the sale aligns with its capital recycling objectives, while it maintains minority interests in key components of the development and continues overseeing property and asset management.
The transaction is projected to conclude in the second half of FY2026.