Asian Pac plans projects in Klang Valley, KK
Posted on | July 19, 2007
By BERNAMA
KUALA LUMPUR: Asian Pac Holdings Bhd plans to launch several residential and commercial projects in the coming years, chairman Datuk Seri Megat Najmuddin Khas said yesterday.
He said the projects were expected to be located in the Klang Valley and Kota Kinabalu.
“These (projects) are still in the planning stage and we are in talks with the authorities for approvals,” he told reporters at the signing of a tenancy agreement between Asian Pac and Parkson Corp Sdn Bhd here.
Under the agreement, Parkson will become an anchor tenant of Asian Pac’s shopping complex, The Mall, in Kota Kinabalu.
Parkson will occupy 140,000 sq ft over three floors of the shopping complex, making it the largest of Parkson’s seven retail outlets in East Malaysia.
 |
|
Datuk Seri Megat Najmuddin Khas
|
Megat Najmuddin said the mall would house 260 shops spread over four levels.
“We are aiming to have about 60% of the tenants from the fashion and food and beverages lines,” he said, adding that The Mall was expected to generate over RM400mil in sales in the first year of operation.
The Mall, targeted to open by 2010, marked the second and final phase of Asian Pac’s Kota Kinabalu Times Square, a sprawling 9.2ha urban commercial development.
The RM1.2bil project comprises offices, shopping, leisure and entertainment facilities, two hotels and serviced apartments.
Parkson chief operating officer Toh Peng Koon expects the local retail industry to pick up in the last five months of this year.
“We expect a positive performance for the second half, helped by salary increment among the civil servants and the arrival of tourists from Visit Malaysia Year campaign,” he said.
You might also like
|
|
|
|
|
Search
