Malaysia Family Office to Buy Stake in Lendlease’s TRX for USD240m

Malaysia family office real estate investment is accelerating after a Malaysian family office agreed to acquire a major stake in Lendlease’s flagship Exchange TRX precinct in Kuala Lumpur for about MYR1.1bn (USD240m).

Lendlease said the transaction includes a 40% interest in the Exchange TRX retail mall and its entire 60% stake in the office tower, while the Australian developer will retain 20% of the mall, 60% of the hotel and 60% of the residential land plots, and continue managing the precinct.

The mall, which opened in 2023, has recorded MYR2.64bn in sales and attracted 45m visitors, supported by tenants including Apple’s first Malaysia store.

Completion is expected in the second half of fiscal 2026, Lendlease said, highlighting sustained Malaysia family office real estate appetite for core urban assets.