KUALA LUMPUR (Aug 21): Prudential Malaysia will be relocating its headquarters to a 27-storey building at the upcoming Tun Razak Exchange (TRX), Malaysia’s first dedicated international financial district.

In a press statement today, TRX City Sdn Bhd — the master developer of TRX — said the commercial tower now under construction is slated to be ready by 2019.

“Located at a strategic location, the Prudential plot is adjacent to TRX’s main pedestrian gateway from the Bukit Bintang area. It will house all Prudential’s life insurance and asset management businesses in Malaysia under one roof,” said TRX City Sdn Bhd CEO Datuk Azmar Talib in a statement today.

Currently, Prudential’s offices are spread out across Jalan Sultan Ismail and Bukit Bintang. The move will consolidate all its operations in the new building, which will also include a walk-in customer service centre.

Prudential, one of the world’s largest insurance companies, has been in Asia for more than 90 years, with Malaysia as its longest established operation in the region.

Azmar noted that with the relocation of Prudential headquarters and participation of some of the world’s top banks and financial institutions, TRX is now moving closer towards realising TRX as a truly international financial district.

To date, around 70% of the plots available at the 70-acre TRX have been commercialised and TRX City continues to receive significant interest from various local and international investors and tenants, including several of the world’s major banks and financial institutions, said Azmar.

TRX has signed global property and infrastructure group Lendlease to jointly develop the Lifestyle Quarter; HSBC Malaysia and Affin Bank Bhd for office towers; Indonesia’s leading property developer Mulia International to develop the Signature Tower plot; Lembaga Tabung Haji and WCT Bhd for residential plots; and global leader in water management Veolia Water Technologies as the water treatment and recycling concessionaire.

Awarded with Malaysia’s first provisional neighbourhood-level GBI Township Platinum certification, TRX’s master plan combines sustainability, attractive public domains and great connectivity to create a world-class international financial district.