Hot Topics: Kuala Lumpur Malaysia

New look for mall by year's end

0 comments

IPOH: SHOPPING enthusiasts are in for a treat as the newly-renovated Ipoh Parade is set to unveil its new look by the end of this year.

With a built-up area of more than 120,774sq m, including over 57044sq m of lettable space, it will be the city's largest shopping centre.

The exciting new features and upgrades include a new cinema complex, new retail stores, and colour-shifting glass panels at the west entrance of the mall.

The refurbishment, which began in March, is being undertaken by the new owners, ARA Asia Dragon Fund, at a cost of well over RM90 million.

Ipoh Parade Centre manager Chan Yu Yin said the 19-year-old complex would be given a "comprehensive facelift".

"Many features will be added to the shopping mall," he said.

"The installation of glass panels will give the complex a new facade.

"We will accentuate this by planting more greenery in the surrounding area.

"For the inside of the mall, we will be adding new features such as a mother care room for shoppers with young children and a new prayer room for the Muslim community."

In addition to this, Chan said amenities such as elevators, washrooms, and closed-circuit security systems would be refurbished as well.

ARA portfolio management director Thomas Kong said the refurbishment was one of the company's attempts to make an impact on the Malaysian retail landscape.

"Throughout our sojourn in Malaysia, we have acquired five Malaysian retail malls in total, at a cost of more than RM1.3 billion," he added.

"Over the past nine months, we planned to spend more than RM200 million to refurbish existing malls, as we recognise Malaysia's incredible potential in the retail sector.

"We are here for the long haul, as we hope that our malls are able to leave an enduring legacy on the community."

Kong added that there was room for many more tenants, as the occupancy rate was only 90 per cent.

"We are confident that we will be able to reach 95 per cent by the time the complex is completed at the end of the year," he said.

Ipoh Parade will be the city’s biggest shopping centre. Pic by Wong Tuck Keong


Leave Your Comment


Leave Your Comment:

New Straits Times reserves the right not to publish offensive or abusive comments and those of hate speech, harassment, commercial promos and invasion of privacy. Your IP will be logged and may be used to prevent further submission.The views expressed here are that of the members of the public and unless specifically stated are not those of NST.