KUALA LUMPUR (July 26): Melawati Mall, which is jointly developed by CapitaLand, and Sime Darby Property Bhd, the property development arm of Sime Darby Bhd, targets an occupancy rate of 90% for the one-year old mall by the end of this year.
The mall, which located in Taman Melawati, is currently 83% leased out.
The one-year old mall has a gross floor area of 944,999 sq ft, offering over 200 shops with a net lettable area of close to 620,000 sq ft.
CapitaLand Retail CEO Wilson Tan said Melawati Mall is one of the seven malls in Malaysia owned by the company.
“Since the mall started its operation in July last year, it has housed about 180 local and international brands as well as attracted about eight million shoppers over time,” he said during his welcoming speech at Melawati Mall's first anniversary celebration event.
Sime Darby Property (Integrated) COO Quek Cham Hong said Melawati Mall has given a much-needed facelift to the 900-acre Melawati township which is undergoing an urban redevelopment initiative by Sime Darby Property.
“The mall fulfils the need of communities in Melawati and the surrounding areas that have been underserved for a long time, where there was a high demand for a modern retail facility with quality offerings,” he added.
Located in Taman Melawati, Melawati Mall is serving an estimated 740,000 people within the vicinity of Melawati.
Its anchor tenants including Golden Screen Cinemas, Village Grocer, Padini, Brands Outlet and Kaison.
Click on this link to go to the original story on EdgeProp.my