By TMR / Pic By bukitjalilcity.com
PAVILION Bukit Jalil retail planners recently announced that it has secured one million sq ft of confirmed tenants and is close to securing another 300,000 sq ft with committed tenants for the mall.
The ceremony to unveil Pavilion Bukit Jalil as “The Icon of Connectivity” and announce the anchor tenants of the mall was officiated by Tourism, Arts and Culture Deputy Minister Muhammad Bakhtiar Wan Chik alongside Kuala Lumpur (KL) Pavilion Sdn Bhd CEO for retail Datuk Joyce Yap and Regal Path Sdn Bhd director and Pavilion Bukit Jalil owner Datuk Lee Whay Hoong.
With 1.8 million sq ft in retail space, Pavilion Bukit Jalil comprises retail, residential, commercial and hospitality components.
When it opens in 2021, it will be one of the top 10 largest shopping malls in Malaysia.
Anchor tenants will include department store operator Parkson, Dadi Cinema, Food Republic, The Food Merchant, Harvey Norman superstore, Pavilion Bukit Jalil Ice Rink and a host of mini anchors, specialty stores, food and beverage outlets, leisure and entertainment attractions.
Speaking at the event, Yap said: “I am proud to announce that one million sq ft of the Pavilion Bukit Jalil retail space has already been secured with tenants. We are also close to securing another 300,000 sq ft in retail space from committed tenants though there is still 18 months to the opening.”
“For the remaining retail spaces, we are actively seeking new-tomarket brands locally and from abroad. We are in different stages of discussions with retailers at present. Despite current market conditions, there are still many regional brands interested to enter Malaysia because of our strong fundamentals and low business costs. However, they are selective of their mall of choice. We affirm that Pavilion Bukit Jalil’s strategic location and opening is timely for their brand entry into Malaysia and this has elevated their confidence in us,” she added.
As experienced retail planners, the Pavilion Bukit Jalil team embarks on a dynamic leasing strategy based on in-depth knowledge of the retail market, extensive consumer research and focus group studies to mitigate the risks for stakeholders. Through Pavilion KL, they have established good relationships with a strong network of retail brands, both locally and internationally, prompting a high level of engagement and understanding of the market to cater to the changing needs of the retailers and consumers.
As a regional destination mall, Pavilion Bukit Jalil also aims to potentially tap into the millions of overseas tourists as well as local tourists that visit KL every year.
Tourism Malaysia recently reported that Malaysia welcomed 13.35 million international tourists in the first half of 2019, with tourist receipts at RM41.69 billion. With shopping as the No 1 tourism contributor, the opening of Pavilion Bukit Jalil will help solidify KL’s position as one of the best shopping destinations in the region.
The mall is accessible to a catchment population of 1.9 million when it opens. Pavilion Bukit Jalil boasts excellent connectivity, served by public transport, two light rail transit stations and a synergy of roads and major highways including the Bukit Jalil Highway, Kesas Highway, KL Middle Ring Road 2 and the Maju Expressway.