Some update about IOI Resort City -
http://biz.thestar.com.my/news/story.asp?f...24&sec=businessPUTRAJAYA: The IOI Group is on track to open its IOI City Mall here by the end of next year, as 25% of it is already completed.
IOI property director Teh Chin Guan said more than 50% of its net lettable space of 1.4 million sq ft (130,064 sq. m.) has been secured, and is expected to be fully occupied by the end of 2014.
"Today, we secured two of Malaysia's renowned retail and entertainment industry giants, Parkson Corp Sdn Bhd and Golden Screen Cinemas Sdn Bhd (GSC), as the mall's anchor tenants.
"We expect to have another two anchor tenants," he told reporters after the signing ceremony between the Group, Parkson and GSC here on Tuesday.
IOI City Mall, with an investment of RM2bil, is also supported by two office towers and a hotel scheduled to open in 2015 and 2016 respectively.
The mixed-use development will also be completed by more than 7,000 car parking bays, designated pick-up and drop-off points and valet parking services to enhance the convenience and experience for shoppers.
Parkson, which has 127 stores across the region, will occupy approximately 21,368 sq. m. spread over three floors while GSC, with more than 228 cinema halls at 27 locations nationwide, will offer a 13-screen cineplex with a capacity of 2,350 seats in the mall. - Bernama
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http://thestar.com.my/metro/story.asp?file...88&sec=metrobizTHE upcoming IOI City Mall will be home to two of Malaysia’s renowned retail and entertainment industry giants when it opens its doors to the public by the end of 2014.
Parkson Corporation Sdn Bhd and Golden Screen Cinemas Sdn Bhd have been confirmed as the mall’s anchor tenants after they recently signed the lease agreement with Dreammont Development Sdn Bhd, a wholly-owned subsidiary of IOI Corporation Sdn Bhd.
IOI City Mall, with 1.4mil sq ft of nett lettable area, is also supported by two office towers and a hotel.
The mall is currently being built on the 320ha IOI Resort City township development in the southern Klang Valley.
Parkson Corporation was represented by its chief operating officer Raymond Teo and general manager Cheong Tuck Yee, while GSC was represented by chief executive officer Koh Mei Lee and general manager Irving Chee.
IOI Group executive director Lee Yeow Seng and IOI property director Teh Chin Guan witnessed the signing ceremony.
In his speech, Lee highlighted IOI Group’s vision of achieving a fully-integrated Resort City and reinforce Malaysia’s position as a major shopping destination.
IOI City Mall, which involves an investment of more than RM2bil, has received a good response from businesses as more than 50% of its nett lettable area has already been secured. He added that IOI Group has shared this “master city” vision with more than 500 local and international retailers and associates.
“The keen interest shown by many of them is a positive sign that we are on the right track. We are pleased that Parkson and GSC have chosen to come on board as the mall’s anchor tenants,” said Lee.
The mixed-use development will also be complemented by more than 7,000 car parking bays, designated pick-up and drop-off points and valet parking services to enhance the convenience and experience for shoppers.
Current components of IOI Resort City include Putrajaya Marriott Hotel & Spa, Palm Garden Hotel, IOI One & Two Square Office Towers, the 18-hole Palm Garden Golf Course, residential enclaves and condominiums blocks.
Future development includes high-rise office towers, lakefront and park offices, exclusive villas, condominiums, serviced apartments and townhouses.
QUOTE(georgegan @ Mar 19 2013, 09:42 PM)
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