MINES2 Street Mall caters to local residents

KUALA LUMPUR: MINES2 Street Mall, the second mall within the Mines Wellness City, was developed due to an increase in demand for more neighbourhood malls in the fast expanding southern corridor of Kuala Lumpur, MINES 2 Sdn Bhd said in a statement recently.

The soft opening of the mall on July 29 saw two out of its five retail levels open, with about 60% space taken up.

MINES2 Sdn Bhd deputy general manager Vincent Chew said “Generation-Y were less willing to travel further for shopping, which spurred Country Heights Holdings Bhd to develop the mall to service areas such as Puchong, Bukit Jalil, Seri Kembangan and Sri Petaling.”

He also cited a number of universities and colleges in the area such as Universiti Putra Malaysia, University College of Technology and Innovation, International Medical University, Universiti Tenaga Malaysia and LimKokWing University of Creative Technology.

The MINES Street Mall comprises both retails and office components.

The MINES2 Street Mall, built by Country Heights Holdings, is an integrated commercial development with both retail and office components. The mall boasts a U-shaped building with two towers.

The entire ground floor of the building is retail space. The first tower is made up of six levels of retail podium and the second, an office block. This comprises a retail ground floor, four levels of car park and office space that covers levels seven to 11. Four levels of the office towers have been taken up so far.

When fully occupied, the retail block will have a net lettable area (NLA) of almost 300,000 sq ft. It will also feature more than 200 stores, kiosks and pushcarts. Available on a lease basis only, ground floor spaces, for example, are leased from about RM7.50 psf.

The ground floor is known as the Digital Street featuring the latest gadgets, phone, computers and consumer electronics while the first floor is known as Queen Street offering fashion retail outlets, saloons and accessories. The inspiration for the MIINES2 came from the Akihabara Electronic Town in Tokyo and Ladies Street in Hong Kong.

The Wellness City spans a total of 1,000 acres (400ha) with a current gross development value of RM2.5 billion and is the transformation of a derelict tin mine.

MINES2 sits on 4.17 acres of land and is located at the intersection of Silk and Besraya (Sungei Besi) highway. It is just 20 minutes from the KL City Centre via Smart, Plus and Mex highways.

It is the second mall in Mines Wellness City, the first being The Mines Shopping Fair that has been acquired by CapitaLand Ltd’s indirect subsidiary Mutual Streams Sdn Bhd, as part of its first two seed assets for the company’s proposed CapitaLand-sponsored pure-play Malaysian retail real estate investment trust.