KL Gateway Mall targets full tenancy by 3Q2017

PETALING JAYA (Feb 28): The soon-to-be-opened KL Gateway Mall (pictured), part of the KL Gateway mixed development in Bangsar South, Jalan Kerinchi, Kuala Lumpur targets to achieve 100% tenancy by 3Q2017.

“There are many potential retailers and we want to ensure we have a good retail mix and meet our projected target of full tenancy by 2017,” said Suez Capital Sdn Bhd head of asset management Michael Chee Soon Hin.

As of December 2016, KL Gateway Mall has achieved 80% occupancy.

Chee expected KL Gateway Mall to hit 10 million footfalls annually owing to its strategic location.

“With the government encouraging more Light Rail Transit (LRT) usage through more stringent traffic practices, KL Gateway Mall will gain from its proximity to the KL Gateway-Universiti LRT Station which is projected to have more than a million ridership.

“On top of that, we have our state-of-the-art automated carpark system. Therefore, we can expect to achieve 10 million footfalls,” he told TheEdgeProperty.com.

KL Gateway Mall will open its doors to the public tomorrow (March 2).

Besides South Korean fashion retailer The Twee, which will debut its first flagship store in South East Asia in the mall, He’s Dawan and Tovista — both Malaysian brands, will also make their debuts at KL Gateway Mall.

According to Chee, He’s Dawan will be selling halal soup noodles with handmade fish balls. It is the brainchild of Theresa Lim, the founder of Sisters Crispy Popiah. Tovista is a café that offers a variety of food and beverages.

Among the other tenants secured for the mall are Village Grocer, Yamazaki Bakery, Doutor Coffee, H&M, Home’s Harmony, Mr DIY, Yubiso, Daiso, Times Bookstore and Cotton On.

Located along the Federal Highway, KL Gateway Mall offers a net lettable area of about 300,000 sq ft across seven levels, with over 200 retail outlets.

The entire KL Gateway integrated development has a gross development value of RM1.6 billion. There will be four residential towers of over 1,180 units with built-ups ranging from 500 sq ft to 1,400 sq ft which will be completed this year, while the two Grade A corporate office towers are being delivered in stages.

It is accessible via the Sprint Expressway, New Pantai Expressway, New Klang Valley Expressway and the Federal Highway.