CEO Morning Brief

KSL Esplanade Mall in Klang to Open Its Doors on May 31

edgeinvest
Publish date: Wed, 26 Apr 2023, 08:54 AM
edgeinvest
0 20,892
TheEdge CEO Morning Brief
The 650,000 sq ft KSL Esplanade Mall will comprise four floors of retail space, a landscaped park, a 10,000 sq ft event space, an outdoor dining terrace and a kids play area.

KUALA LUMPUR (April 25): KSL Esplanade Mall by KSL City Management Sdn Bhd, a wholly owned subsidiary of KSL Holdings Bhd, is having its soft opening on May 31. It expects to draw more than a million shoppers living within a 30 to 45 minute drive from the retail mall, according to a press release dated April 18.

Located within KSL Holdings’ 448-acre (181.3-hectare) KSL Bandar Bestari, the shopping mall aims to offer “more than just a mall” experiences, and to become Klang’s one-stop shopping destination.

KSL Esplanade Mall project director Patrick Khoo said, “This is not just another mall. Our mall is envisioned as a third place, which is best described as a setting where a person can have a transforming sense of self, identity and relationship with others. The phrase ‘third space’ refers to three different locations: the house, the workplace, and the mall.”

The 650,000 sq ft shopping mall will comprise four floors of retail space, a landscaped park, a 10,000 sq ft event space, an outdoor dining terrace, and a kids play area. “Numerous events, both indoors and outdoors, including competitions, tournaments, light and music display, festivals, and arts and cultural events will be held in support of community living,” Khoo added.

According to the statement, KSL Esplanade Mall has achieved approximately 75% in terms of occupancy, and the tenants include Star Grocer, EnerG X Park, Xctive Kidz, XROLLER, Good2U Concept Store, Al-Ikhsan Sports, Skechers, Starbucks, ZUS Coffee, The Coffee Bean & Tea Leaf, The Chicken Rice Shop, Nihon Shoku, Uncle Don’s, Loon Sing Restaurant, PUTIEN, KITA, Pets Wonderland, Houzone, One Living, MR DIY, Toy World, Toyworld Amusement Park, TGV Cinemas, and Happy Fish Swimming School. It added that more tenants will be announced in the near future.

The shopping mall is connected to major highways, such as the Shah Alam Expressway (Kesas), South Klang Valley Expressway (SKVE) and New Klang Valley Expressway (NKVE). As it will also be near the upcoming Light Rail Transit (LRT3), KSL Esplanade Mall will offer complimentary shuttle services as an added convenience for shoppers.

“In order to highlight the accessibility, [we have] focused heavily on enhancing and strengthening the local infrastructure to ensure a comfortable commute to and from the shopping mall. This involves a project to enlarge the road, installation of additional lamp posts, [as well as] building a brand-new pedestrian link bridge and bus station for the convenience of the general public,” Khoo said.

Located within KSL Holdings’ 448-acre KSL Bandar Bestari, KSL Esplanade Mall also aims to generate economic activity for the communities in places like Klang, Shah Alam and Jenjarom. “We are committed to the sustainable growth of the area, particularly for those who call it home. Our aim is to have a significant impact on the community by providing upgraded amenities, facilities, and job opportunities. By prioritising the needs of the community, KSL Esplanade Mall aims to become a destination that not only provides a great shopping experience, but also contributes to the development of the area,” Khoo added.

KSL Holdings is a developer from Johor Bahru, with core businesses in property development, property management and property investment. It also owns and operates KSL City Mall, and KSL Hotel and Resort in the southern state.

Source: TheEdge - 26 Apr 2023

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment