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KL Plaza gets new name and look

KUALA LUMPUR: The former KL Plaza shopping centre in the heart of Kuala Lumpur is getting the final touches to its makeover. Renamed Fahrenheit 88 (pictured), it aims to offer a new retail experience to complement the retail belt of Jalan Bukit Bintang.

The newly refurbished shopping complex will be opened to public on August.

Fahrenheit 88 will be managed by Kuala Lumpur Pavilion Sdn Bhd for both management and leasing matters, the same company that manages Pavilion KL.

KL Plaza is owned by Makna Mujur Sdn Bhd, a subsidiary of Pavilion International Ltd who had acquired the property from Berjaya Land Bhd.

“Inspired by the fashion fusion culture of Tokyo, Fahrenheit 88 targets the vibrant, creative and stylish urban crowd with the hippest fashion, in-vogue tech gadgets and trendiest F&B outlets,” said Joyce Yap, CEO of Retail, Pavilion KL.

Yap said several strong brands in Fahrenheit 88 will be unveiled in March.

"This is a good year as many new brands are looking at the opportunity to come in. But we also want to bring in suitable brands," she said at a media briefing here.

The target demographics will be the fashionable and tech savvy. The refurbished mall will have 280 shopping lots over five floors. It has a gross total floor area of about 511,000 sq ft, with approximately 300,000 sq ft of nett lettable area. The entire refurbishment costs RM100 million, said Yap.

Asked on whether Pavilion International plans to invest in other malls, Makna Mujur's director Datuk Lee Tuck Fook said the company is about to close a transaction.

"We are constantly in talks and looking for opportunities," he said.

 

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