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iDeals™ chosen as data exchange for JV partners & investors for the next financial hub in Kuala Lumpur

May 01, 2014

Malaysia: Wholly government-owned development agency, 1Malaysia Development Bhd (1MDB), is seeking investors to co-develop a large part of the 70-acre Tun Razak Exchange (TRX) project, the upcoming business & financial hub in Kuala Lumpur.

Stage one of the TRX includes four office towers, up to five residential towers, up to two 5-star hotels and a shopping mall. 1MDB appointed property advisers CBRE Malaysia (part of CBRE Group [NYSE: CBG]) and CH Williams Talhar & Wong respectively to look for potential JV partners and plot sales. 1MDB has chosen iDeals™ to provide for secure data exchange between potential partners and investors for TRX. We are pleased to be a provider of choice for the strategic project of gross development value (GDV) of RM26 billion (or USD 8 billion).

iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

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