HSBC and TRX City signed a sale-and-purchase agreement for the development of HSBC Malaysia\u2019s future Headquarters at the upcoming international financial district Tun Razak Exchange (TRX), marking the first phase of the land acquisition.\u00a0<\/p>\n
The US$250 million investment for the future HSBC Malaysia TRX headquarters with a minimum office space of 568,000 square feet, makes HSBC the first foreign bank to invest in the TRX development.\u00a0<\/p>\n
A strategic enabler of the Malaysian government\u2019s Economic Transformation Programme (ETP), TRX will further strengthen Kuala Lumpur\u2019s role as the country\u2019s financial capital, by the creation of a seamless and central business environment for financial services firms, multinational companies (MNCs) and supporting ancillary businesses.\u00a0<\/p>\n
This investment will be fundamental to developing Malaysia as a financial centre in the ASEAN region, and HSBC is very excited to be part of this iconic development.\u00a0<\/p>\n
\u201cHSBC has enjoyed more than 130 years of remarkable business success in Malaysia. Malaysia is a priority market for the HSBC Group globally and this investment further cements our growth plans in Malaysia. The collaboration between HSBC and TRX demonstrates our commitment to our employees, the community and our business in Malaysia. Significantly, it also reinforces the important role Malaysia plays in HSBC\u2019s ASEAN strategy,\u201d commented HSBC Malaysia CEO, Mukhtar Hussain.\u00a0<\/p>\n
Mukhtar added, \u201cTRX is ideally located in the heart of Malaysia\u2019s capital and will be crucial to enhancing Malaysia\u2019s status as an international financial and business centre. We envisage that many multi-national and local companies will be attracted to this area. The strategic decision to invest in the TRX is both a milestone for HSBC and a significant investment, reinforcing our plans to expand our franchise here and to the future of Malaysia.\u201d<\/p>\n
\u201cWith our strong positioning in the country as the leading foreign bank and unparalleled international network, HSBC is ideally positioned to boost TRX\u2019s success. I strongly believe that our collaboration will result in successfully developing the country\u2019s financial centre.\u201d\u00a0<\/p>\n
\u201cThis is a significant milestone for TRX, as we move to realize our vision in becoming Malaysia\u2019s international financial center. We are happy to have a leading financial services institution like HSBC as our partner, as this will solidify our role in strengthening Kuala Lumpur\u2019s position as a leading centre for international finance and business,\u201d said CEO TRX City Sdn Bhd Datuk Azmar Talib.\u00a0<\/p>\n
\u201cTo date, around 70 percent of the plots available in TRX have been commercialized, and TRX City continues to receive significant interest from various local and international investors and tenants, including several of the world\u2019s major banks and financial institutions.\u201d<\/p>\n
TRX has also signed global property and infrastructure group Lendlease to jointly develop the Lifestyle Quarter; Indonesia\u2019s leading property developer Mulia Group to develop the Signature Tower plot; Affin Bank Berhad for an office tower; Lembaga Tabung Haji for a residential plot, and global leader in water management Veolia Water Technologies as the water treatment and recycling concessionaire.\u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
HSBC and TRX City signed a sale-and-purchase agreement for the development of HSBC Malaysia\u2019s future Headquarters at the upcoming international financial district Tun Razak Exchange (TRX), marking the first phase of the land acquisition.\u00a0 The US$250 million investment for the future HSBC Malaysia TRX headquarters with a minimum office space of 568,000 square feet, makes […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-658","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=658"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/658\/revisions"}],"predecessor-version":[{"id":5503,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/658\/revisions\/5503"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}