KLCCP to turn Parkson space into small outlets
KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) will turn the 126,000-sq-ft space previously occupied by Parkson at Suria KLCC here into smaller retail and food and beverage (F&B) outlets.
This was to enable the generation of more rental income, said group chief executive officer Datuk Hashim Wahir.
“Usually, big spaces are leased at low rental. As the mall management, Suria KLCC Sdn Bhdwill get better rental with the smaller lots, ” he said after a session with investors at Invest Malaysia 2019, here, yesterday.
Hashim said new tenants were expected to start operations by year-end, with Suria KLCC currently actively engaging with them.
“We like the idea of having a street mall, which can be created with this new development. The smaller retail lots will give us an opportunity to bring in new brands and products from startup companies.”
He said it would allow for the expansion of Suria KLCC’s Signature food court, amid growing visitor numbers to the mall.
Hashim said the F&B outlets would remain at about 20 per cent of the 400 outlets leased and RM10 million had been allocated for the mall enhancement this year.
He said KLCCP expected this year’s rental revision to remain at one to two per cent, with a third of the tenants renewing their contracts.