Lendlease has finalized the sale of major interests in Kuala Lumpur’s The Exchange TRX to the Valiram Family Office. The company received approximately $400 million in cash proceeds. Full settlement occurred on July 1, 2026, concluding a deal first announced in late 2025.
The divestment includes Lendlease’s entire 60% stake in the TRX office tower. The transaction also covers a 40% interest in The Exchange TRX retail mall and 49% of the management company. Lendlease retains a 20% stake in the mall and 51% of the management firm. The company also maintains its holdings in the project’s residential and hotel components.
This sale aligns with Lendlease’s strategy to recycle capital via its Capital Release Unit. The company expects to recognize a $50 million profit in its fiscal year 2026 results.