PETALING JAYA (Dec 9): Property developer Low Yat Group has chosen homegrown supermarket chain, Star Grocer to be its retail partner for its Bandar Tasik Puteri (BTP) urban development in Rawang, Selangor.
In a press statement released today, it is said that the supermarket with retail size of 55,000 sq ft, will be located at Paradise Fair, the lifestyle hub of Bandar Tasik Puteri’s urban development.
Paradise Fair, which sits on 8.06 acres of land, is the first lifestyle-themed retail centre in Rawang which features a supermarket, fast-food drive-thru restaurants and carry various local and foreign retail labels and brands.
Low Yat Group general manager for Area Property – Development/Management Andrew Goh said that Low Yat Group is committed to collaborate with local businesses and grow together with them
“From a synergistic view point, we find Star Grocer the perfect fit. The residents of BTP and occupants of Paradise Fair, will need a place to shop for their grocery needs. We are confident Star Grocer will be able to provide the convenience, affordability, quality service and easy access to daily necessities to our discerning residents, in the current challenging business environment,” said Goh.
Furthermore, he added that the confidence stems from the fact that although Star Grocer opened its first supermarket at Desa Pandan, Ampang only in 2016, it has since grown exponentially and within a short time frame of four years. Currently, it has six outlets in the Klang Valley.
Meanwhile, Star Grocer director Fabian Tan revealed that the company will be investing RM7 million for the initial set up of the retail store which is slated to be opened in 2022.
“BTP is tucked within a prime north Klang Valley township and has already hit 60,000 residents in year 2019. Such a rapid occupancy rate is what attracted us to BTP where there is an apparent lack of supermarkets to provide daily necessity and services to the nearby residents. We certainly foresee a high growth potential here,” added Tan.
The property developer is expecting a continuous foot fall traffic of approximately 12,000 to 15,000 per month into Paradise Fair.
Get the latest news @ www.EdgeProp.my
TOP PICKS BY EDGEPROP
Imperial Jade Residenz @ Bandar Seri Alam