The Valiram family, known for its luxury retail empire, is acquiring Australian developer Lendlease’s stakes in key Tun Razak Exchange assets in a deal worth RM1.1 billion.
The family office will take Lendlease’s 40 per cent interest in The Exchange TRX retail mall and its entire 60 per cent stake in the TRX Campus office building.
Lendlease said the transaction, expected to complete in the second half of its 2026 financial year, is part of its capital recycling programme and reflects growing investor confidence in Kuala Lumpur’s premier financial district.
Following the deal, Lendlease will retain a 20 per cent interest in the mall and continue to provide asset and property management services. The remaining 40 per cent stake is held by TRX City Sdn Bhd, a subsidiary of the Ministry of Finance Inc.
Read here: https://www.nst.com.my/property/2025/12/1343531/valiram-family-expands-prime-real-estate-holdings-rm11bil-trx-acquisition
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