A WORLD-CLASS FINANCIAL DISTRICT IN VIBRANT KUALA LUMPUR

A WORLD - CLASS
FINANCIAL DISTRICT IN
VIBRANT KUALA LUMPUR
KUALA
LUMPUR
THE GROWTH CENTER
OF SOUTHEAST ASIA
We are at the dawn of the
e Asian century,
ng that Asia will
with forecasts suggesting
e in the next 20 years.
dominate global trade
on of the most robust
Malaysia, home to one
om
and thriving economies
in Asia, is responding
ob economic power by
to this shift in global
wl
building a knowledge-based,
high-technology
mp
economy, implementing
liberalization
an paving the way for superior
measures, and
nt opportunities. The continued
investment
pm
development
of Kuala Lumpur, Malaysia’s
mic capital, is at the heart of these plans.
dynamic
With
h our rich historical, cultural and economic links in
Asia
si and a geographic location that places us between
China, Southeast Asia, India and the Middle East,
C
Malaysia has the potential to become a major Asian
intersection. It is our intention to realize this potential…
to position ourselves as a nucleus of global talent;
a center for the development of new and exciting
technologies; a focal point for the exchange of ideas
and information. And at the heart of this plan is
Kuala Lumpur.
What began as an idea for a Kuala Lumpur International
Financial District has evolved into something larger and
more inclusive. The Tun Razak Exchange is a 70-acre
haven for new investment opportunities, estimated to
generate a gross development value of RM26 billion
( USD8 billion).
We also expect more than 250 of the world’s leading
companies to locate here, creating 500,000 jobs directly
and indirectly by the time it is fully completed. 40,000
will be knowledge workers specified to financial services,
reflecting our ambition for the Tun Razak Exchange to
be home to a strong, vibrant and diverse international
business community.
Prime Minister Najib Razak at the official launch of TRX, 30 July 2012
A UNIQUE
OPPORTUNITY
TRX – A NEW WORLD-CLASS FINANCIAL
DISTRICT AT THE HEART OF ONE OF
SOUTHEAST ASIA’S MOST VIBRANT CITIES
TRX; a landmark, mixed-use development in the heart of Kuala Lumpur will encompass
a new international financial district underpinned by a world-class residential, retail, leisure
and cultural offering.
1
Kuala Lumpur is a vibrant and fast-growing
hub for the wider region, poised to benefit from
significant investment following the commitment
of ASEAN leaders to set up an integrated ASEAN
Economic Community (AEC) by 2015.
2
Kuala Lumpur continues to generate substantial
growth but lacks a defined financial district.
This impedes the benefits generated by the
clustering of financial services players and
related businesses. The Government of Malaysia
has identified TRX as fundamental to transforming
Kuala Lumpur into a global city of choice,
and an international center for economic
and financial activity.
3
Spread over 70 acres of prime freehold land
minutes from the Petronas Twin Towers, TRX
balances investment grade office, city residential
and prime retail mall space with hotel, cultural
and leisure facilities. It will be Kuala Lumpur’s first
and only financial district.
4
Under the direction of the Malaysian Government’s
strategic development company 1MDB, TRX is
a core component of the Government’s Economic
Transformation Program and is overseen by
a Minister-led special task force appointed by
Prime Minister Najib Razak.
5
TRX will bring together global partners to create
a haven for new opportunities and diverse
economic activities at a time when the country’s
financial services sector is projected to double in
size to assets totaling over USD2 trillion.
KEY
HIGHLIGHTS
PRIME LOCATION IN THE HEART OF KL
TRX can be seen as a natural expansion of the
Golden Triangle, the city’s famous commercial,
shopping and entertainment hub. The site lies
on the southern edge of the city center between
Jalan Tun Razak, Jalan Sultan Ismail and the
Putrajaya/Kuala Lumpur International Airport
elevated highway (MEX ), and forms the new
southern gateway to the capital.
EXCELLENT ACCESSIBILITY
AND TRANSPORT LINKS
Fully integrated with highways and major arterial
roads, TRX will have the city’s largest MRT (subway)
interchange. Accessibility is enhanced by LRT
(overland rail ), Monorail stations and new highway
connections with direct links to the MEX Highway,
Smart Tunnel and Jalan Tun Razak arterial route.
The 45-minute journey to the international airport
stands to become even shorter upon the 2017
completion of the Greater KL MRT.
STRONG SUPPORT FROM AND
CLOSE RELATIONSHIP WITH
THE GOVERNMENT OF MALAYSIA
a strategic priority for the country, stating that
“the Government will go out of its way to ensure
that the exchange is a success.” A special
task force led by the Minister in charge of the
Economic Planning Unit will oversee its planning
and development.
ATTRACTIVE
GOVERNMENT INCENTIVES
The Government of Malaysia’s strong support
for the project is demonstrated by the attractive
incentives available to partners and investors,
which include income tax exemptions of 70% for
a period of 5 years for building development.
Tenant incentives include 10-year tax deductions
against rental costs or building purchase,
exemption from stamp duty for the initial leasing
or purchase of a building, and tax deductions for
relocation costs. The special task force is assigned
to directly assist with facilitating investments and
setting up of business operations in TRX.
IMMEDIATE SCALE
AND DIVERSIFICATION
The mixed-use portfolio offers investors immediate
access to sizeable assets across various sectors
heart of a growing major market.
PROJECT
OVERVIEW
N
LOCATION MAP
Jln Ampang
KLCC
Jln
TRX MRT Station
Jln
PETRONAS
TWIN TOWERS
l ta
nI
sm
LRT Ampang Line
ak
LRT Kelana Jaya Line
Su
ai
GOLDEN
TRIANGLE
l
KL Monorail
New MRT Blue Line
Sg. Buloh
Masjid
Jamek
J ln R
a
hu
ja C
Raja
Chulan
la n
PAVILION
Jln
Merdeka
Plaza
Rakyat
Ra z
Dang Wangi
Tu n
Line Interchange
B
uk
in
it B
ta
ng
Bukit
Bintang
Imbi
Pasar Seni
Hang Tuah
Pudu
Cochrane
TUN RAZAK EXCHANGE
M EX Hw y
tH
ar
Sm
BANDAR
MALAYSIA
wy
KL Sentral
MASTER PLAN
Retail
Hospitality
Residential
Institution / Cultural
E9.1- CT
E7.13 - RT
E9.2 - RT
C7.10 - CT
C7.12 - CT
E12.18 - CT
C7.11- CT
B10.14 - RT
C7.9 - CT
B10.15 - RT
C7.7- CT
E15.22 - RM
C7.8 - CT
B10.16 - CT
B10.17- CT
A4.6 - HT
E14.19 - CC
Jln
A4.2 - RM
Jln Tun Raza k
Ba
A4.3 – A4.5 - RM
ra
A4.5 - RT
A4.4 - RT
A4.3 - RT
A3.1- HT
J l n U ta
ra
t
KUALA LUMPUR
AS A FINANCIAL
DESTINATION
A GROWING ECONOMIC FORCE
Malaysia is one of only thirteen world economies to
have achieved 7% GDP growth over the past 25 years.
GDP growth remains robust and is expected to
continue to be driven by the country’s Economic
Transformation Program.
Source: Bank Negara Malaysia, Economic and Financial Developments
in Malaysia in the Fourth Quarter of 2012, 20 February 2013.
A LEADER IN ISLAMIC FINANCE
Islamic finance was estimated to be worth over
USD1 trillion in 2012. Malaysia currently accounts for
over 60% of primary market sukuk (Islamic bond)
issuances in the first half of 2013.
Source: Islamic Finance Spurring Real Growth;
http://www.globalislamicfinancemagazine.com/?com=news_list&nid=1962
INVESTOR CONFIDENCE
Malaysia was ranked the 10th Most Attractive Destination
for FDI (Foreign Direct Investment) in 2012, a significant
rise from 20th place in 2010.
Source: 2012 A.T. Kearney Foreign Direct Investment Confidence Index®
MARKET
A ET
E
E
OVERVIEW
The office market in Kuala Lumpur has seen strong take-up
rates for recently completed higher quality office buildings.
The supply of more highly specified office space has
increased over the past few years, yet there remains a lack
of world-class investment grade office space in the city.
TRX will fill this gap and create the critical mass needed
to boost efficiency and productivity, allowing businesses
and services to complement each other’s strengths and
maximize their competitive edge.
As a result, the district will serve as an important catalyst for
Malaysia’s continued development and economic growth.
TRX will be Malaysia’s first dedicated financial services
hub; the tax incentives, regulatory support and clustering
benefits will make TRX a location of choice for leading
financial services institutions.
The plans for TRX include the only large-scale
retail development in the city center. By the time of
completion, existing market-leading malls such as
Pavilion KL and Suria KLCC will be 10 and 20 years old
respectively, creating a market need for fresh new retail
concepts and a world-class retail experience.
The proposed hotels in TRX will benefit from the district’s
8 million sq ft of office space and surrounding retail
amenities. An anticipated increase of 36 million tourist
arrivals by 2020 will also lead to greater demand for
room space in the capital.
KEY FACTS & FIGURES
SITE FAR
LAND USE
6.8
1%
Institutional
7,010 GFA m2
TOTAL BUILDING GFA
31%
48%
Residential
600,000 GFA m2
20
million
square feet
in demand-driven phases
BUILDING OFFICE FLOOR PLATES
16,000 –
27,000
square
feet
FLEXIBILITY FOR INVESTORS
Individual Plot and Building metrics are
adjustable and can be discussed with
1MDB case by case.
ce
936,967 GFA m2
LAND USE
1,946,477 GFA m2
10%
Hospitality
202,500 GFA m2
10%
Retail
200,000 GFA m2
BUILDING ALLOCATION BY TYPE
11%
Retail, F&B, Cultural
41%
The TRX master plan has been
developed by a leading international
team of consultants and extensively
benchmarked against a number
including Canary Wharf in London,
Battery Park in New York and IFC in
Hong Kong.
ce
25
Residential
& Hotel
TRX:
THE VISION
48%
NUMBER OF
BUILDINGS
NUMBER OF STOREYS
71
35–50
25
Shortest
Building
Tallest
Building
ce
Building
KEY MILESTONES
& PROJECT STATUS
STAGE 1
2012
2013
2014
2015
2016
2017
MASTER PLANNING
Master Plan Approval
Official Launch & Groundbreaking
Enabling Works
Test Piling & Grouting
INFRA DEVELOPMENT
Major Infra Design
Major Infra Construction
STAGE 1 BUILT FORM
Stage 1 Building Design & Construction*
MRT METRO
MRT Metro Station Construction
MRT construction ends October 2017
Q3 2017
Opening
*TRX Signature Tower construction completes 2019
Development progress up to October 2013
TRX site with MRT station box excavation in the foreground
28 August 2013
Reaction pile boring in preparation for compression load testing
28 August 2013
Piling rig ready, preparing to core pile casing
BEST- IN - CLASS
FEATURES
DEVELOPER
OVERVIEW
1
1MALAYSIA DEVELOPMENT BERHAD
2
3
4
SMART AND FUTURE-PROOFED
TRX is designed as a “smart” district built
on a digital master plan with state-of-the-art
technologies to enhance livability, safety,
security and sustainability. These technologies
include a mobile and wireless cloud for
district-wide connectivity, smart waste, energy
and water management, as well as homes
SUSTAINABLE
On the environmental front, TRX has attained
LEED Neighborhood Development Gold and
Green Building Index (GBI ) Platinum provisional
ratings at district level. Pursuant to the economic
sustainability goals outlined by the Economic
Transformation Program, TRX will also focus on
the creation of jobs, and attracting business
and talent into KL.
TOP-CLASS PRODUCT
To compete globally, the TRX master plan
takes into account the requirements of major
corporate occupiers. Among other things,
1Malaysia Development Berhad (“1MDB”) is a strategic
development company wholly owned by the Ministry
of Finance, Inc., and was incorporated pursuant to
Malaysia’s Ministry of Finance (Incorporation) Act of
1957. Its vision is to drive long-term sustainable economic
development in Malaysia, advocating innovation with
a goal of strengthening national competitiveness.
1MDB’s investment strategy is to form joint ventures in
investments with high multiplier effects on the national
economy, with a focus on energy, real estate, tourism
and agribusiness – a selection of the 12 National
of Malaysia.
1MALAYSIA DEVELOPMENT BERHAD
REAL ESTATE
1MDB Real Estate Sdn. Bhd. (“1MDB RE”) is a wholly-owned
subsidiary of 1MDB.
state-of-the-art services and elevator standards,
advanced communications, security platforms
1MDB RE’s remit and mission is to act as the strategic
master developer of real estate developments that
support the Government’s Economic Transformation
Program. As a Master Developer, 1MDB RE is focused
on the creation and delivery of world-class real estate
developments that enable long-term sustainable
economic growth.
PREMIUM BRAND POSITIONING
1MDB RE undertakes the conceptualization, planning,
marketing, enhancement and management of the land
in its portfolio with one over-riding goal – to ensure that
the overall strategic vision is converted into outcomes,
The unique location, place-making, buildings
and public realm will stand out as leaders in KL.
Together with top tier district management and
1MDB’s focus on building a solid tenant list, this
will support the positioning of TRX as a premium
brand within the real estate sector nationally
and internationally.
To support this, 1MDB RE’s investment strategy includes
forming joint ventures with local and foreign partners to
participate in its strategic projects through equity and
SPV partnerships.
1MDB RE is currently undertaking two landmark
development projects in Malaysia, namely TRX and
the Bandar Malaysia new city district of KL. Their landed
assets exceed 500 acres of prime real estate.
For further information,
please contact:
1MDB Real Estate Sdn. Bhd.
Bangunan 1MDB Real Estate Sdn. Bhd.
Jalan Lapangan Terbang Lama
50460 Kuala Lumpur, Malaysia
T + 603 2142 9688
E [email protected]