This will translate into rental yield of about 6% to 7% per annum, he told the press after the mall's retail launch on Friday, Aug 6. MRCB and Pelaburan Hartanah Bhd (PHB) are jointly developing the mall on a 51:49 basis.
The mall will have a net lettable area of about 650,000 sq ft, spread over roughly 270 stores, said PHB CEO Kamalul Arifin Othman.
Anchor tenants Parkson Corporation and Golden Screen Cinemas were unveiled at the retail launch. They will occupy 138,000 sq ft and almost 50,000 sq ft respectively.
The mall is scheduled to open in March 2012.
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