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Valiram Group completes acquisition of stake in Lendlease’s assets
By Chelsea J Lim / theedgemalaysia.com
25 May 2026, 07:59 pm
From left: Lendlease Group CEO of investment management Justin Gabbani, chairman John Gillam, Valiram Group executive director Datuk Sharan Valiram, TRX City CEO Datuk Azmar Talib, Lendlease group CEO Tony Lombardo, Valiram ED Datuk Ashvin Valiram, Lendlease Malaysia chairman Dinesh Nambiar and Valiram ED Mukesh Valiram. (Photo by Low Yen Yeing/The Edge)
KUALA LUMPUR (May 25): Luxury retailer Valiram Group has completed the acquisition of a 40% stake in The Exchange TRX mall and 60% stake in the TRX Campus office from Australian property developer Lendlease Group on Monday.
With Valiram’s newly acquired stake, Lendlease has fully disposed its entire stake in the office while reducing its stake in the mall to 20%.
This update comes after Lendlease announced in December last year that it is divesting a combined RM1.1 billion stake in the mall and office assets as part of its capital recycling programme
By Chelsea J Lim / theedgemalaysia.com
25 May 2026, 07:59 pm
From left: Lendlease Group CEO of investment management Justin Gabbani, chairman John Gillam, Valiram Group executive director Datuk Sharan Valiram, TRX City CEO Datuk Azmar Talib, Lendlease group CEO Tony Lombardo, Valiram ED Datuk Ashvin Valiram, Lendlease Malaysia chairman Dinesh Nambiar and Valiram ED Mukesh Valiram. (Photo by Low Yen Yeing/The Edge)
KUALA LUMPUR (May 25): Luxury retailer Valiram Group has completed the acquisition of a 40% stake in The Exchange TRX mall and 60% stake in the TRX Campus office from Australian property developer Lendlease Group on Monday.
With Valiram’s newly acquired stake, Lendlease has fully disposed its entire stake in the office while reducing its stake in the mall to 20%.
This update comes after Lendlease announced in December last year that it is divesting a combined RM1.1 billion stake in the mall and office assets as part of its capital recycling programme
