Shopping complex occupancy rises slightly y-o-y in 2023, office space remains flat
Based on Napic’s Property Market Report 2023 released on Wednesday, the occupancy rate of shopping complex retail space in 2023 rose to 77.
Based on Napic’s Property Market Report 2023 released on Wednesday, the occupancy rate of shopping complex retail space in 2023 rose to 77.
Upcoming F&B tenants include Canton Boy, Mr Vegan, Pezzo Pizza, BabaBoy, BananaBro, Bread History & Sandwich Box, KPOP Madang, Taste of Medan, Noodle King House as well as a Western restaurant with a bar concept adjacent to Canton Boy.
"Recent initiatives including forging Green Lease Partnerships with tenants, has solidified our commitment toward realising a net-zero mall by 2050.
The redevelopment project will result in the expansion of the retail space of an approximate 50,000 square feet (sq ft) of net lettable area (NLA).
The teamLab: Resonating Microcosms exhibition will comprise light artworks where “visitors will be immersed in its transformation by the presence of people and the environment of nature” The exhibition can “interactively” transform “under the influence of the wind, rain, and the behaviour of the people in the space, making the environment and the people a part of the work”.
PETALING JAYA (Feb 22): IPC Shopping Centre has been upgrading its facilities as it aims to improve the shopping experience of its customers whilst it continues to maintain itself as a family-friendly shopping mall.
PETALING JAYA (Jan 18): Toppen Shopping Centre at Taman Desa Tebrau, Johor Baru signed a tenancy agreement with Lulu Grocer, making it the first outlet in the state and is set to open later in the year.
PETALING JAYA (Dec 22): With Christmas just around the corner and the New Year fast approaching, the festive season is felt everywhere with shopping malls in the Klang Valley having transformed their space into a Christmas wonderland.
KUALA LUMPUR (Oct 23): With the reopening of most economic activities as Malaysia adopts the living with the virus stance backed by a rapid vaccination programme that has covered close to 95% of the adult population, retail real estate investment trusts (REITs) “may be worth a closer look although much also depends on where their assets are located”, wrote The Edge Malaysia this week.
KUALA LUMPUR (Oct 9): If you are an online shopping addict, you are not alone – a recent survey showed that up to 22 million people in Malaysia are digital consumers.