Good progress in Glo Damansara revitalisation The Sharen Kaur
revitalisation of Glo Damansara Mall by Glomac Bhd has taken off well with the entry of China lifestyle home living brand Samanea by LESSOHOME and Village Grocer.
LESSOHOME, which offers a wide range of home products like furniture, kitchen cabinets, lighting and sanitary products, will open its first outlet in Southeast Asia at the mall here during the first half of next year.
The store is leasing over 165,000 sq ft, occupying 100 outlets from the ground floor to level 3 of the mall.
“LESSOHOME will occupy 43 per cent of the mall. Twenty-five per cent will be leased by food outlets while Village Grocer is renting 23,000 sq ft. With that, the take-up is now 80 per cent. We are confident more retailers will come in next year and the mall is fully occupied,” said Glomac Bhd group managing director and chief executive officer (CEO) Datuk Seri FD Iskandar.
Glo Damansara is part of an integrated freehold business hub with a residential and office component located in Petaling Jaya.
The mall with over 200 retail lots was completed in 2016. It has a net lettable area (NLA) of about 380,000 sq ft.
FD Iskandar told NST Property that leasing 43 per cent of the mall to a single tenant like LESSOHOME will solve the issue of managing too many retailers.
“We have a long-term lease with LESSOHOME. We have signed five terms of two years each so in total they will be leasing 44 per cent of the mall from us for 10 years. What is important is the quality of tenants they are bringing in. LESSOHOME will have everything under one roof,” he said after the soft launch last week.
LESSOHOME is a part of China Lesso Group Holdings Ltd, an international industrial group of home building materials in China with over 50 holding subsidiaries and more than 26 production bases distributed in 16 provinces of Mainland China, the United States, Canada, India, Indonesia and Uganda.
Its presence here represents the first of six stops. The other destinations are New York, Sydney, Dubai, Thailand and Indonesia.
“We chose Kuala Lumpur as our first stop. We welcome all the furniture and home living brands to join us in LESSOHOME and let’s grow from here to the world market,” said LESSOHOME CEO KC Zhang.
During the soft launch, LESSOHOME also announced a collaboration with Lazada called LSDD.
LSDD is an online product experience centre concept store that displays products ranging from furniture to electronic goods.
Purchasers are able to visit the store to touch and feel the product before purchasing the items through the Lazada online application.