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ZUL RAFIQUE & partners’ Banking & Finance team, Ashela Ramaya, Chan Kwan Hoe and Isabella Ng Ling Ling acted as the solicitors for the Syndicate Lenders - comprising, HSBC Bank Malaysia Berhad, Standard Chartered Bank Malaysia Berhad, Sumitomo Mitsui Banking Corporation Malaysia Berhad and Malayan Banking Berhad in relation to a secured loan facility of up to MYR2.15 Billion (“Facility”), granted to LQ Retail Sdn Bhd for a period of five years, for the development of the “Lifestyle Quarter” at the Tun Razak Exchange (“TRX”) in Kuala Lumpur.

The financing arrangement was recognised by the Finance Minister Lim Guan Eng as a unique financing structure for such a complicated asset.


The “Lifestyle Quarter” is a mixed 17-acre integrated development, with residential, entertainment, leisure, public park, hotel and retail components and is the central part of the overall TRX financial district master plan. It is developed as a 60:40 joint venture between Lendlease and TRX City. TRX is Lendlease’s largest integrated development in Asia.

Client Testimonial:
“We have worked with ZRP on multiple deals across various industries. In this latest transaction, we had multiple stakeholders and it was very helpful to have ZRP help coordinate the documentation and negotiation process effectively. Further, their advice on local real estate matters as well industry practise was quite thorough, assisting lenders to structure the financing as well as meet the tight timelines. We shall recommend working with the team.”
– 
STANDARD CHARTERED BANK MALAYSIA BERHAD


For more insights into this area of law, please contact our Partners in Banking & Finance Practice Group: Loh Mei Mei, Kung Suan Im, Ashela Ramaya, Chan Kwan Hoe and Celine Rangithan.