SHAH ALAM (Oct 17): Set to be Shah Alam’s largest mall, Setia City Mall is currently undergoing an expansion which will add some 450,000 sq ft of retail space bringing it to  a total of over 1.2 million sq ft.

A joint venture between S P Setia Bhd and Lendlease Malaysia, the RM500 million expansion (phase 2) will add another 150 retail outlets spread over three floors in the mall’s new wing.

Lulu’s Hypermarket and Departmental Store will be the main anchor tenant for the new wing, occupying 150,000 sq ft.

“This is a great milestone for Lendlease and our partner S P Setia. We are optimistic about the success of the mall’s expansion.

“Together with Setia City Mall management, we will continue to enhance the mall experience and create the best place for the community,” said Lendlease Malaysia head of retail Mitch Wilson during a media briefing in Setia City Mall today.

According to Wilson, the mall’s current occupancy rate is at 95%, with the expansion phase just over 70% leased.

Construction of Phase 2 started two years ago and is expected to be completed by 1Q2020 with a target to open by June 2020.

“The key to the expansion is due to the demand created by the growing [Setia Alam] township,” said Wilson, highlighting that the township’s population has grown to some 200,000 residents compared to some 15,000 a decade ago.

“We are also in the process of revitalising our app, website and working with some companies to enhance the consumer experience,” said Wilson, adding that there is still appeal for bricks and mortar stores.

“As of today, the 4,000-acre Setia Alam is about 75% developed and so many people from around here come to shop at this mall.  Setia City Mall serves as the catalyst for the township,” said S P Setia executive vice-president Datuk Tan Hon Lim in a media conference after the briefing.

“We have a good tenant mix plus it’s a green building, that can set us apart from [other malls],” he added.

SHARE
RELATED POSTS
  1. Selangor Sultan officiates launch of S P Setia’s LakePoint Complex at Setia AlamImpian
  2. Kumpulan Kitacon secures RM81m housing job in Shah Alam
  3. Maxim’s 51%-owned unit to buy land near Bukit Chagar from S P Setia for RM167m cash