KUALA LUMPUR: Property player SP Setia Bhd is aiming up to 90 per cent occupancy rate from the current 60 per cent for the retail segment in KLEC Mall by the first quarter (Q1) of next year.
The company is already in the middle of finalising several tenants at KLEC and are also encouraged by the new addition of its anchor tenant Jaya Grocer, who are occupying an entire floor of 54,000 sq ft, divisional general manager Tony Ling said.
"We are still in talks with several interested parties for the retail segment of KLEC. We expect to reach about 80 to 90 per cent occupancy rate by Q1 2018," he told reporters after unveiling Bangsar Market by Jaya Grocer at KLEC Mall in KL Eco City here today.
Ling said Bangsar Market was designed to provide a completely immersive atmosphere, transporting one to the simple gourmet markets that are typically found in the West.
"Inspiration for this concept came from internationally-renowned markets such as Camden Market and Borough Market in London and the Queen Victoria Market in Melbourne.
"The concept is further supported by the accessibility of Bangsar Market at KLEC with the many links to transport hubs as well as Midvalley City," he said.
SP Setia has invested RM200 million to construct dedicated ramps and bridge including the unique two-tier internal road system.
Bangsar Market is slated to be very unique as it breaks the mould by daring to be bigger and even more multi-faceted compared to other marketplaces in Klang Valley.
It has laid out in a thoughtful organic way to allow for browsing while making it easy for shoppers to navigate the expansive supermarket which is complemented by dedicated sections for produce, meats and seafood.
"Bangsar Market will stand out from the current competition with the integration of F&B into the concept providing opportunities to enjoy a wide variety of dining options,” he said.
Sitting on a 25 acres of prime land, KLEC is the first integrated green luxury development anchored by prime commercial offices, high-end retail outlets, luxury service residences and residential towers.
The five-storey mall offers 250,000 sq ft of retail space encompassing an extensive yet carefully curated selection of restaurant, specialty stores and services that will cater to the needs and tastes of discerning catchment, and is slated to be open in Q1 2018.