news

MyTOWN renews contracts with over 80% of tenants

KUALA LUMPUR (Feb 16): Leveraging its strong partnership network, MyTOWN Shopping Centre (pictured) has renewed over 80% of the tenants and utilising the 2020 first term expiries to make key changes to its pool of tenants in order to further align consumer priorities and preferences to relevant offers of its core customer segment. 

In a media statement today, MyTOWN has unveiled plans to expand its offerings with the addition of new tenants and overall infrastructure enhancements in the months to come despite the challenges of the current retail landscape. 

The shopping centre has attracted two main anchors -- Malaysian innovative bookstore chain BookXcess and living concept store SSF, which are slated to launch in March 2021, occupying approximately 85,000sq ft of retail space. 

Besides, fashion outlet Panda Eyes will also expand their presence in MyTOWN. The 20,000 sq ft new store is slated to open in May 2021.

Azhan Che Mat, Centre Manager of MyTOWN Shopping Centre said this is in an effort to play a key role in promoting community literacy efforts that caters to all ages.

“At MyTOWN KL, the expansion plan is part of our overall objective so we can continue to create meeting places where families can enjoy a safe and fun day out. The new landscape has proven our ability to evolve positively to accommodate the community’s growing need for exciting social enrichment,” he said.

In line with its growth, MyTOWN is set to redevelop its ground floor to host more anchors and unveil a new F&B precinct. A new drop-off zone at Town Park Entrance allows hassle-free access to the shopping centre in addition to existing access areas from the basement, MRT and rooftop parking. 

A seamless drop-off area which connects and provides access to Sunken Garden and Town Park will create a welcoming community hub capable of sustaining year-long recreational activity, transforming the shopping centre’s outdoor area into a cohesive sequence of indoor and outdoor spaces.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Greater KL: InvestKL secures RM1.92b worth of investments from MNCs
  2. Port infrastructure to drive growth for logistics industry — Knight Frank
  3. Gamuda aims for RM10b new order book