The Exchange TRX
The Exchange TRX is a large-scale shopping and lifestyle complex in Kuala Lumpur’s Tun Razak Exchange district, combining retail, dining, entertainment, public park space and direct transit access.
Last updated October 14, 2026
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Overview
The Exchange TRX, also referred to as TRX Mall and formally known as Plaza The Exchange TRX, is a shopping mall and mixed-use lifestyle complex in Kuala Lumpur, Malaysia. It sits within the Tun Razak Exchange, or TRX, financial and urban-development district, near the Bukit Bintang shopping area and alongside Jalan Tun Razak and Jalan Kampung Pandan. The mall forms one of the first prominent completed components of the wider TRX master plan and serves as a major retail and leisure destination for the district. The project originated as the TRX Lifestyle Quarter, a planned 17-acre mixed-use development incorporating a retail mall, hotels, offices, residential towers and a public park. It was developed through a partnership between Australian property group Lendlease, through Lendlease Development Malaysia Sdn Bhd, and TRX City Sdn Bhd, the government-linked master developer of the TRX district. Lendlease held a 60% interest in the development, while the remaining interest was held by TRX City. TRX City was formerly known as 1MDB Real Estate Sdn Bhd and is wholly owned through Malaysia’s Ministry of Finance structure. Construction of the mall began in 2017. Completion was originally anticipated for the third quarter of 2021, but construction was delayed, including by restrictions and disruption associated with Malaysia’s COVID-19 Movement Control Order. The Exchange TRX opened to the public on 29 November 2023, at the same time that the district’s underground road-tunnel system began operating. The opening positioned the mall as a central public-facing component of a broader urban redevelopment project rather than as a standalone suburban shopping center. The complex contains more than 400 retail and food-and-beverage tenants distributed across four principal mall levels. Its tenant mix ranges from international luxury and premium labels to mass-market fashion, beauty, groceries, restaurants, cafés, entertainment and everyday services. Key anchors and major attractions include Apple, Seibu Department Store, Golden Screen Cinemas’ Aurum Theatre, Mercato supermarket, H&M, Uniqlo, LC Waikiki, MUJI and MPH Bookstores. The mall also gained attention for hosting a number of brands entering Malaysia for the first time, including Salomon, Descente, Fred, La Prairie, Drunk Elephant, Gentle Monster, Maison Kitsuné, Alo Yoga, Chaumet, Golden Goose and several international food and beverage concepts. A major differentiator is the TRX City Park, also known as Taman Bandar TRX, a roughly 10-acre landscaped rooftop park above the mall. The park includes gardens, open lawns, pedestrian areas, children’s play facilities, water-play features, a pond and event spaces. Its zones include the Events Lawn, Forest Walk, Harmony Plaza, Inspiration Garden, Play City, Serenity Garden and Sunlight Plaza. Kuala Lumpur City Hall owns the park, while The Exchange TRX undertakes its management, operation and maintenance. Restaurants and cafés are integrated into the park environment, including Malaysia debut outlets for Shake Shack and % Arabica Roastery. The mall is organized around spaces such as Central Exchange, its principal atrium; City Avenue; Park Avenue; Urban Node; Market Lane; Beauty Galleria; and several dining precincts. These include Food Exchange, Dining Terrace, Concourse Dining, Premium Dining and Park Dining. Central Exchange is also used for seasonal decorations, performances, public events and promotional activities. The Exchange TRX is directly connected to the Tun Razak Exchange MRT station through an underground pedestrian link. The station provides access to both the MRT Kajang and Putrajaya lines and is an important part of the development’s transit-oriented positioning. The complex is also connected to a three-level underground loop tunnel serving the TRX district, with links toward the SMART Tunnel, Maju Expressway, Setiawangsa–Pantai Expressway, Jalan Tun Razak and Jalan Sultan Ismail. In June 2022, Lendlease announced an integration arrangement involving The Exchange 106, the prominent tower in the TRX district. The arrangement added two levels of retail lots at the tower’s base and created the 106 Connection, a linked pathway between the retail podium and The Exchange TRX. The integrated podium was described as the first phase of the wider mall development and comprised 70 units. Together, the mall, rooftop park, transit connection, adjoining hotel and office components, and nearby residential towers are intended to establish The Exchange TRX as a high-density urban lifestyle destination in central Kuala Lumpur.
History
The Exchange TRX was conceived as the retail and lifestyle centerpiece of the Tun Razak Exchange, a major mixed-use district in Kuala Lumpur. The mall’s initial development concept was known as the TRX Lifestyle Quarter and covered approximately 17 acres. Rather than being planned as an isolated retail property, the project was designed as part of a larger precinct containing hotels, offices, residential towers, public space and supporting infrastructure. Development was undertaken through a partnership between Lendlease Development Malaysia Sdn Bhd and TRX City Sdn Bhd. Lendlease held a 60% interest, with TRX City holding the balance. TRX City was formerly called 1MDB Real Estate Sdn Bhd and is a wholly owned subsidiary within the Malaysian Ministry of Finance structure. The project therefore combined an international property developer’s retail and mixed-use expertise with the government-linked entity responsible for the TRX master development. Construction began in 2017. The project was initially expected to reach completion in the third quarter of 2021, but the schedule was affected by unfinished work and restrictions associated with the COVID-19 pandemic and Malaysia’s Movement Control Order. A construction incident occurred on 13 April 2021 when a tower-crane jib fell during a heavy storm. The developer said that the incident caused no deaths or injuries. In June 2022, Lendlease arranged to integrate the mall with retail space at the base of The Exchange 106. The two-level podium was connected to the mall by the 106 Connection, a pedestrian route on the first and second levels. This expanded the retail footprint and strengthened the relationship between the mall and other signature buildings in the TRX district. The Exchange TRX opened on 29 November 2023, concurrently with the opening of the district’s underground tunnels. The complex opened with more than 400 retailers and food-and-beverage operators, covering international fashion, luxury, beauty, groceries, restaurants, cafés, entertainment and services. Seibu Department Store, Aurum Theatre, Mercato, and a range of fashion and lifestyle retailers were among its major occupants. The project’s most distinctive physical feature is TRX City Park, a 10-acre landscaped park positioned above the mall. Kuala Lumpur City Hall owns the park, while The Exchange TRX manages, operates and maintains it. The park provides gardens, play facilities, water features, lawns and event areas, allowing the complex to function as an outdoor public destination as well as a conventional shopping center. Its food-and-beverage offer includes the Malaysian debut locations of Shake Shack and % Arabica Roastery. The mall’s transit and road connections are central to its positioning. An underground pedestrian link connects it with the Tun Razak Exchange MRT station, which serves the Kajang and Putrajaya lines. A three-level underground loop tunnel links the district with surrounding roads and highways, including the SMART Tunnel, Maju Expressway, Setiawangsa–Pantai Expressway, Jalan Tun Razak and Jalan Sultan Ismail. The Exchange TRX continued to build its profile through high-profile tenant openings. On 22 June 2024, Apple opened Malaysia’s first Apple Store in the complex. The three-level store, including a rooftop entrance, reinforced the mall’s positioning as a premium international retail destination. The complex also attracted several brands making their Malaysian debuts, supporting its role as a showcase for international retail and dining concepts. The opening period was not without operational problems. Reports described defects and incomplete finishing, including cracked tiles, unfinished ceilings, malfunctioning escalators and lifts, a power outage during the second day of operations, and the temporary closure of a water-play feature for repairs. These issues were reported as early operational and workmanship problems rather than as a change to the mall’s overall status. The Exchange TRX remains an active component of the wider TRX development.
- 2024
First Apple Store in Malaysia opens
[1]Apple opens a three-level store at The Exchange TRX on 22 June.
- 2023
Public opening
[1]The Exchange TRX opens on 29 November together with the TRX district’s underground tunnel system.
- 2022
106 Connection announced
[1]Retail space at the base of The Exchange 106 is integrated with the mall through a linked pedestrian connection.
- 2021
Construction crane incident
[1]A tower-crane jib falls during a storm at the construction site; no injuries or deaths are reported.
- 2017
Construction begins
[1]Construction starts on the retail and lifestyle component then known as the TRX Lifestyle Quarter.
Products and positioning
A premium, transit-connected urban lifestyle destination combining international retail, dining, entertainment, public green space and mixed-use development within Kuala Lumpur’s Tun Razak Exchange district.
Shopping mall · 2023
Retail mall
The core offering is a four-level retail and dining complex with more than 400 tenants. Its tenant mix spans luxury and premium labels, mainstream fashion, beauty, groceries, restaurants, cafés, specialty food operators and everyday services. Anchor occupants and major attractions include Apple, Seibu Department Store, Aurum Theatre by Golden Screen Cinemas and Mercato supermarket, alongside H&M, Uniqlo, LC Waikiki, MUJI and MPH Bookstores.
Public park and recreation · 2023
TRX City Park
TRX City Park, also called Taman Bandar TRX, is an approximately 10-acre rooftop park above the mall. It combines landscaped gardens, open spaces, a pond, children’s play facilities, water-play features and event areas. Its named zones include Events Lawn, Forest Walk, Harmony Plaza, Inspiration Garden, Play City, Serenity Garden and Sunlight Plaza. Kuala Lumpur City Hall owns the park, while The Exchange TRX manages its operation and maintenance.
Consumer electronics retail · 2024
Apple Store
Apple’s three-level store at The Exchange TRX is the company’s first retail store in Malaysia. It includes a rooftop entrance and occupies a prominent position within the mall’s international retail offer. The store opened on 22 June 2024.
Food and beverage · 2023
Dining precincts
The complex organizes its food-and-beverage offer into several precincts, including Food Exchange, Dining Terrace, Concourse Dining, Premium Dining and Park Dining. These areas combine a mall food court, casual restaurants, cafés, international and Asian cuisines, premium dining and garden-oriented rooftop concepts.
Integrated retail connection · 2022
106 Connection
The 106 Connection is a linked pedestrian pathway joining The Exchange TRX with retail lots at the base of The Exchange 106. The connection runs through the first and second levels and forms part of the integrated retail strategy for the surrounding TRX district.
Brand decisions
2024
Open Malaysia’s first Apple StoreProduct launchBackground
The mall sought prominent international anchors and had reportedly been in discussions with Apple before the store opening.
Action taken
Apple opened a three-level retail store with a rooftop entrance at The Exchange TRX on 22 June.
Aftermath
The opening strengthened the mall’s premium international positioning and gave it a high-profile technology retail anchor.
2022
Integrate The Exchange 106 retail podiumStrategyBackground
Retail lots at the base of The Exchange 106 offered an opportunity to connect another major TRX building with the mall.
Action taken
Lendlease arranged an integrated retail connection between the podium and The Exchange TRX through the 106 Connection.
Aftermath
The arrangement expanded the connected retail environment and tied the mall more closely to the district’s surrounding buildings.
2017
Develop the mall as part of a mixed-use TRX lifestyle quarterStrategyBackground
The project was planned as a central retail and lifestyle component of the Tun Razak Exchange rather than as a standalone shopping mall.
Action taken
Lendlease and TRX City developed a precinct combining retail, hotels, offices, residences, public park space and district infrastructure.
Aftermath
The Exchange TRX became one of the first major completed and publicly accessible elements of the wider TRX master plan.
Recent events
- 2024
Malaysia’s first Apple Store opens at The Exchange TRX[1]
Product launch
Apple opened its first Malaysian retail store at The Exchange TRX on 22 June. The three-level store includes a rooftop entrance and became Apple’s sixth store in Southeast Asia.
- 2023
The Exchange TRX opens to the public[1]
Product launch
The mall opened on 29 November alongside the launch of the TRX district’s underground tunnel system.
- 2023
Early operational and building issues reported after opening[1]
Other
During the mall’s first week, reports described cracked tiles, unfinished ceilings, malfunctioning escalators and lifts, and a prolonged power interruption. A water-play area was also temporarily closed for repairs.
- 2022
Lendlease integrates The Exchange 106 retail podium with the mall[1]
Other
Lendlease formed an arrangement to connect retail lots at the base of The Exchange 106 with The Exchange TRX through the 106 Connection.
- 2021
Tower crane jib falls at construction site[1]
Other
A tower-crane jib fell at the construction site during a heavy storm on 13 April. The developer reported that no injuries or deaths resulted.
- 2017
Construction of The Exchange TRX begins[1]
Other
Construction began on the retail component of the TRX Lifestyle Quarter, a mixed-use development led by Lendlease and TRX City.
Sources2 sources
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