Content #067

The Exchange 106. Kuala Lumpur, Maleisië 2018
‘The Exchange 106 is a skyscraper within the Tun Razak Exchange (TRX) area, a new financial district currently being developed in Kuala Lumpur, Malaysia. The 95-floor building is topped with a 65-metre (213 ft), 12-storey high illuminated crown making it 445.5 m (1,462 ft) tall. The tower will have a net lettable area of 240,000 square metres (2.6 million square feet). The Exchange 106 is currently the 21st tallest building in the world according to the Council on Tall Buildings and Urban Habitat (CTBUH) and third-tallest building in Malaysia as of today. As of October 2019, about 46,000 m2 (500,000 sq ft) of Exchange 106’s floor space was expected to be taken up by tenants. The floor space is column-less, ranges from 2,600 to 3,200 m2 (28,000 to 34,000 sq ft). The skyscraper was first conceptualised when TRX was controlled by 1Malaysia Development Berhad (1MDB), a sovereign fund owned by the Government of Malaysia. On 13 May 2015, 1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of TRX, and the Mulia Group announced that, through Mulia Property Development Sdn Bhd, that they had signed a Sale and Purchase agreement for the development rights of the plot of land for the Exchange 106 (then known as the Signature Tower), with the land transacted at a value of RM665 million. Groundwork on the Exchange 106 plot commenced on 1 March 2016, with the mat concrete foundation laid in May 2016 (see “Progress” section below). The Exchange 106 was managed by the Mulia Group, with structural construction carried out by the China State Construction Engineering Corporation, through its Malaysian subsidiary China State Construction Engineering (M) Sdn. Bhd. In May 2016, the tower’s foundation concrete pour took place over a weekend and was the second-largest continuous concrete pour in the world. In December 2017, the building was structurally topped out, 19 months after commencement, achieving an average of 3 days a floor. Exchange 106 achieved its Certificate of Completion and Compliance in September 2019. TRX shopping mall (The Exchange TRX), located at the foot of The Exchange 106, under construction in May 2019. The construction of the TRX’s shopping mall (called The Exchange TRX) which is located at the foot of the Exchange 106 is expected to be completed by third quarter of 2021. Later on, the construction of the mall was delayed due to the strict Movement Control Order (MCO) in the country caused by the COVID-19 pandemic. The completion of the mall was pushed back to 2022. Considered the “pet project” of then prime minister of Malaysia Najib Razak, work to complete the building continued despite uncertainties that arose when his coalition, the Barisan Nasional, lost the 2018 Malaysian general election. In June 2018, the Malaysian government under Pakatan Harapan had to inject a further RM2.8 billion into the Tun Razak Exchange, of which The Exchange 106 is a part of, to complete the project. This was after it was discovered that significant amounts of public funds was misappropriated to pay the debts of 1Malaysia Development Berhad (1MDB), which was US$7.8 billion in debt.’ Bron: Wikipedia.