UDA Holdings eyeing bazaar tenants from a pool of 300 prospects

  • Business
  • Wednesday, 05 Dec 2018

A miniature model of the Malaysian Grand Bazaar.

KUALA LUMPUR: UDA Holdings Bhd is eyeing potential tenants from a pool of nearly 300 prospects for its Malaysian Grand Bazaar (MGB) in Bukit Bintang City Centre (BBCC). 

UDA Holdings managing director Datuk Ahmad Abu Bakar said MGB offers 100,000 sq ft of customisable retail space that has already managed to attract 40 tenants ahead of its opening in 2021. 

“Our ultimate mission is to provide a dedicated platform to propel the entrepreneurship of local craftsman, traders and artistes to the next level,” he said during an update on the BBCC project today. 

He said the heritage-inspired MGB is targeted to be a top tourist attraction when it is completed. 

Launched in December 2016, BBCC is a joint venture between UDA Holdings, ECO WORLD DEVELOPMENT GROUP Bhd and the Employees Provident Fund.

Based on reports, the BBCC project is on track to finish its first phase by the first quarter of 2021. Occupying about 19.4 acres of land, the project has reached 25% completion of the first phase and the developers hope that the overall completion will be in 2025, as planned.

The first phase of the project includes 43 levels of stratified offices (The Stride), Mitsui Shopping Park Lalaport and an entertainment hub comprising MGB, Zepp KL by Sony and Regus.

Mitsui Shopping Park Lalaport will take eight levels and occupy a floor area of more than 1.49 million sq ft while the entertainment hub occupies 10 floors and is connected to the retail mall to provide a seamless retail-tainment experience.

The second phase will see the completion of Lucentia serviced apartments and Canopy by Hilton. 

The hotel will occupy a tower with 456 rooms.
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