KUALA LUMPUR: TREC, a
RM152mil lifestyle and entertainment development at Jalan Tun Razak
here, is expected to be completed by the end of next year.
The project which is developed by Avant City Sdn Bhd, a company
35%-owned by Modern Falcon Sdn Bhd, which is led by Cher Ng, the founder
and managing director of TREC and the co-founder and owner of Zouk KL,
35% by the Daman Group and 30% by Berjaya Assets Bhd.
The seven-acre lifestyle and entertainment hub located across the Tun
Razak will be similar to Hong Kong’s Lan Kwai Fong, China’s Xin Tian Di
in Shanghai and Singapore’s Clark Quay. It will be built on land owned
by the Royal Selangor Golf Club that has a lease tenure of 34 years.
TREC will have among others fine dining outlets, indie cafés, pubs,
clubs and lounges to attract both local and international patrons.
According to Ng, a 70% tenant mix had been secured so far and that the
company was still actively courting other tenants. “We are talking to
tenants from as far as the United Kingdom, Singapore, Indonesia, and
Thailand. But a large number of them are from homegrown brands,” Ng said
at a press conference on Monday.
The
project which is listed by the Tourism Ministry as an entry point
project under the Tourism National Key Economic Areas aims to attract a
minimum of 1,000 tourists per day.
“This
will also be a place for tourists to come as an entertainment centre.
Zouk KL, will relocate from Jalan Ampang to TREC in the beginning of
next year,” Ng said.