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Property |

KL Sentral to have lifestyle centres

 
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KL Sentral to have lifestyle centres
May 03, 2008

Two retail-cum-lifestyle centres, providing close to 1 million sq ft of net lettable space, will be available in KL Sentral. The 100,000 sq ft Sooka Sentral Lifestyle Centre, opened last December, is the first out of the two and is now fully occupied.

The RM 50 million lifestyle centre would provide wellness, health, beauty and dining facilities for residents and office workers in KL Sentral and its surrounding areas, according to Sooka Sentral Sdn Bhd general manager Zulkefli Ibrahim.

He said Sooka expects to generate an annual income of RM8.4million with rental rates ranging from RM8 to RM20 per sq ft during a media tour of the new facility.

The second project, a 750,000 sq. ft. shopping centre, is to be built for RM420million on Lot G. Targeted time for completion is 2011 and construction will begin mid-year. This shopping centre is expected to generate RM60million of annual rental income.

Development of KL Sentral started in 1997 and is expected to be completed by 2015.

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