Wednesday 8 June 2011

Expanding Suria KLCC

By Simvin Lee


Stores in Kuala Lumpur might look ahead to grow their enterprise inside the well-known Suria KLCC which is by now a Malaysia's iconic retail vacation destination. The Chief Executive Officer of Suria KLCC Sdn Bhd, Mr Andrew Brien, stated which the six-level Suria KLCC will see an addition of 140,000 square feet of web lettable region towards the present 1 million square feet purchasing mall.

The new retail room is going to be create as part of the office development which is adjacent to Suria KLCC authentic constructing. It will integrate to Suria KLCC with the Ramlee Mall, and it really is believed that the construction will likely be finished by June this yr. The brand new retail area is by now grabbed by some high-end stores, and the CEO revealed several names which includes Giorgio Armani, Cartier and Chanel stores. There is going to be greater than 30 international specialty outlets.

Brien also exposed that there will likely be additional parking room that can be linked towards the exiting parking construction to accommodate the new additions. The management will anticipate a good deal of guests because it lures them which has a remarkable interior architecture, that is one of many highlight in the challenge since it is stated to become the sort of architecture which can be only accessible in Milan, Paris or Ny. This kind of patterns will certainly be considered a determination to its retail partners for being the very best within their respective categories.

In conjunction with the expansion, one among its anchor tenants, Isetan Retailer, also took the chance to get a key refurbishment. It is going to add a brand new world-class foods give within the concourse degree, and new travelators that can hyperlink the concourse level straight to amounts a single and two of the auto park. Other anchor tenants of Suria KLCC incorporate Parkson Grand, TGV Cinemas and Marks & Spencer.

Over the past years, stores at Suria KLCC have sales turnover of over RM2 billion. The management had ensured a good tenancy mix with local and worldwide brands, ensuring the offering of high quality products to website visitors. There could be some complaints that there are too many global brands in the mall, however, this also becomes the motivating factor for local brands improvements.

Of course then, with this kind of quality control comes a price hike in Suria KLCC's rental rates which have risen sharply during each rental review. Yet, Suria KLCC tenants will definitely be able to cope well with it with their excellent products and high sales turnover.




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