THE 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.