IOI City Mall set to open end-2014, 50% of net lettable space secured

PUTRAJAYA: 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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