A development practice building the physical infrastructure of Southeast Asian city life — designed to last a hundred years, not a quarter.
Founded in Kuala Lumpur and headquartered at the Tun Razak Exchange, Lorydev operates across the full life-cycle of urban real estate: land assembly, master-planning, financing, construction and long-term operation. We work where the scale is largest and the horizon longest — entire districts rather than single buildings.
Architects, structural engineers, urban planners and investment specialists work under one roof. That integration holds a single standard from the first sketch to the day a neighbourhood is handed to the people who live and work in it.
“We do not build objects. We build the conditions a city lives inside for the next hundred years.”
Key figures
Developments delivered0+
Portfolio under managementRM 0 bn
Countries of operation0
Employees across the region0+
§ 02
The Work
p. 03
Four districts in transformation — selected developments, 2020–2032.
Pl. 02·01 Kuala Lumpur · Tun Razak Exchange
Kuala Lumpur Vertical Quarter
A high-density vertical district above the transit interchange at TRX, pairing office towers, residences and a public podium into one continuous ground.
Area
320,000 m²
Budget
RM 4.8 bn
Status
Phase 2 / 4
Year
2023–2030
Pl. 02·02 Penang · Gurney
Penang Waterfront Reconfiguration
A reclamation of Gurney's seafront for housing, civic space and a continuous coastal promenade returned to the public.
Area
180,000 m²
Budget
RM 2.1 bn
Status
Master-plan
Year
2025–2032
Pl. 02·03 Johor · Iskandar Puteri
Johor Eco-Port District
A working port quarter integrating logistics, light industry and green buffers within a single low-carbon master-plan.
Area
240,000 m²
Budget
RM 3.0 bn
Status
Phase 1 / 3
Year
2024–2031
Pl. 02·04 Selangor · Cyberjaya
Cyberjaya Smart Urban Fabric
A compact, mixed-use neighbourhood delivered around shared energy, data and mobility infrastructure. Now operational.
Area
96,000 m²
Budget
RM 1.3 bn
Status
Operational
Year
2020–2026
§ 03
Position
p. 06
The built environment is the climate question. Buildings account for roughly 40% of the region's energy-related emissions1 — we treat that figure as the central design constraint of every district, not a reporting line added at the end.
i.
Carbon neutrality by 2040.
Whole-life carbon assessment from the first design phase, across the entire managed portfolio — with embodied-carbon budgets per project, on-site solar, and GreenRE & GBI Platinum certification.
ii.
Green materials, by default.
Timber, low-clinker concrete and reclaimed steel — specified to cut embodied carbon while holding hundred-year structural integrity in a tropical climate. Bio-based and reused materials first; designed for disassembly.
iii.
Districts that balance demand as one system.
District-scale networks pairing solar, storage and high-efficiency shared cooling — managing energy at neighbourhood scale rather than building by building.
Operational carbon reduction vs. 20150%
Renewable electricity, operated assets0%
Portfolio net-zero target year0
1 Regional estimate, illustrative. Figures throughout this issue are provided for design demonstration only.
§ 04
Capital
p. 08
Patient capital, compounding value. Lorydev builds assets that hold and grow across cycles — long horizons, conservative leverage and recurring rental income give investors durable performance rather than volatility.
Fig. 4 — Portfolio value under managementRM billion · 2015–2025
’15’17’19’21’23’25
Fig. 5 — Portfolio by asset class
Residential34%
Commercial26%
Mixed-use22%
Industrial18%
Selected indicators
Average net initial yield0%
Loan-to-value ratio0%
Portfolio occupancy0%
Long-term rating (RAM)AA
§ 05
People
p. 10
Work on the scale of a city. We hire people who think in decades — architects, engineers and planners who shape places that will outlast their own careers.
