Kuala Lumpur: IJM Construction Sdn Bhd was awarded a RM392mil contract from HSBC to design and build its new Malaysia headquarters at the upcoming international financial district Tun Razak Exchange (TRX).

IJM Construction managing director and chief executive officer, Datuk Soam Heng Choon said the building is scheduled for completion in 37.5 months, and is expected to be handed over to HSBC by December 2020.

“IJM is honoured to be working with one of the best-known banking industry names in the world. We take pride in being awarded the contract to build HSBC Malaysia headquarters especially in a development as iconic as TRX, and to be able to add this project to our portfolio of noteworthy projects.

“This is indeed a testament to our experience and expertise in building prestigious, high-rise developments in the city centre,” he said.

The building will be a prominent addition to the TRX City skyline which will include a range of facilities consisting of office space, a sky lounge, mechanical floors, three levels of basement car park and four levels of podium.

“We are excited that our partner HSBC has taken a major step today towards realising its new HQ in Tun Razak Exchange through the appointment of IJM.

“The presence of HSBC, one of the world’s largest banks, will contribute significantly towards making Tun Razak Exchange a truly global financial district. We are confident that IJM, with its strong track record, will deliver a quality office space that befits HSBC’s global clout and business needs,” said TRX City Sdn Bhd chief executive officer, Dato’ Azmar Taib.

TRX is a 70-acre development that will strengthen Kuala Lumpur’s position as a leading centre for international finance and business by creating a seamless and central business environment for financial services firms, MNCs and supporting firms. It has also signed Prudential and Affin Bank.

The financial district will provide the infrastructure, including international standard safety and security management, an on-site wastewater recycling plant that will halve demand for potable water and highly resilient national grid level electricity network that will service the city beyond TRX’s border.

TRX currently holds provisional neighbourhood LEED ND Gold and GBI Township Platinum green certifications, the first district in Malaysia to qualify.

Other TRX investors include global property and infrastructure group Lendlease to jointly develop the Lifestyle Quarter; Indonesia’s leading developer Mulia International for its signature tower plot; Lembaga Tabung Haji and WCT Bhd for residential plots, and Veolia Water Technologies as the water treatment and recycling concessionaire.

IJM Construction Sdn Bhd is a fully-owned subsidiary of IJM Corporation Bhd.