Jul 18 2016, 02:47 PM
QUOTE(MonGJiHyo @ Jul 18 2016, 01:46 PM)
Boustead Ikano confident of 85% occupancy rate at MyTOWN
KUALA LUMPUR: Boustead Ikano Sdn Bhd is confident that the MyTOWN Shopping Centre in Cheras will achieve a targeted occupancy rate of 85% by the time the mall opens on Nov 15.
General manager Jo Hogsander said most shopping centres usually opened with around 75% occupancy.
He is not worried that there would be stiff competition in the neighbourhood with the upcoming Sunway Velocity – another mall launching this year just 800m away.
“Our occupancy rate is already 70% plus, so we are quite confident of meeting our target,” he told StarBiz, adding that MyTOWN had secured tenants such as Village Grocer, GSC, Mango and Uniqlo, among others.
An added boost would be the linkage to Ikea Cheras, the largest outlet mall in the country. MyTown would have a net lettable area (NLA) of 1.1 million sq ft.
http://www.thestar.com.my/business/busines...occupancy-rate/
And so Velocity has Uniqlo as well? lol!KUALA LUMPUR: Boustead Ikano Sdn Bhd is confident that the MyTOWN Shopping Centre in Cheras will achieve a targeted occupancy rate of 85% by the time the mall opens on Nov 15.
General manager Jo Hogsander said most shopping centres usually opened with around 75% occupancy.
He is not worried that there would be stiff competition in the neighbourhood with the upcoming Sunway Velocity – another mall launching this year just 800m away.
“Our occupancy rate is already 70% plus, so we are quite confident of meeting our target,” he told StarBiz, adding that MyTOWN had secured tenants such as Village Grocer, GSC, Mango and Uniqlo, among others.
An added boost would be the linkage to Ikea Cheras, the largest outlet mall in the country. MyTown would have a net lettable area (NLA) of 1.1 million sq ft.
http://www.thestar.com.my/business/busines...occupancy-rate/
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