Besides the renovation, there will also be an update to Metrojaya's house brands, such as The East India Company, Somerset Bay and Cape Cod, to attract a new generation of fashion-conscious consumers.
Yong was later appointed as the executive director of MVC in 2003 and served as its chief executive officer, responsible for overseeing the management and operations of Mid Valley Megamall.
The earnings growth was mainly supported by higher tenant sales and positive rental reversion due to high shopper footfall at the Mid Valley Megamall and The Gardens Mall, they said.
St Giles Boulevard, which is part of the Mid Valley City mixed-use integrated development in Kuala Lumpur, is 28 storeys high and comprises 390 rooms.
Revenue from the property development division saw a more than three-fold increase to RM39.
The occupancy rate of the REIT's portfolio of 10 assets — which includes The Gardens' North and South Towers, Menara IGB, G Tower and Menara Tan & Tan — rose to 78.
In a statement to the bourse, IGB Bhd said the management of Mid Valley City confirmed that an incident occurred at its premises earlier in the morning.
It is more than just saying HI to Santa at the malls this year KUALA LUMPUR (Dec 13): It is that time of the year again when local malls go all out to look their best for the merry month.
Read also: DONE DEAL: Condominium at Residensi Sefina, Kuala Lumpur DONE DEAL: Three-storey shoplot at Taipan Business Centre, Selangor Integrated within Mid Valley City, the Boulevard Signature comprises of four 11-storey office blocks with its offices built-up ranging between 1,500 sq ft to 3,000 sq ft.
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