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Wednesday, April 30, 2008

Lifestyle centres for KL Sentral

KUALA LUMPUR: Kuala Lumpur Sentral, the integrated commercial-cum-residential development in Brickfields, will have two retail-cum-lifestyle centres offering close to one million sq ft of net lettable space.

The first, the 100,000-sq-ft Sooka Sentral Lifestyle Centre that opened last December, is now fully occupied.

Sooka Sentral Sdn Bhd general manager Zulkefli Ibrahim said the RM50mil lifestyle centre would provide wellness, health, beauty and dining facilities for residents and office workers in Kuala Lumpur Sentral and the surrounding area.

With rental rates of RM8 to RM20 per sq ft, Sooka was expected to generate an annual rental income of RM8.4mil, he said at a media tour of the new facility yesterday.

The second project will comprise a 750,000-sq-ft shopping centre to be built at a cost of RM420mil on Lot G. Construction will kick off by mid-year for completion in 2011.

Zulkefli said the new shopping centre was expected to generate annual rental income of RM60mil.

The 72-acre Kuala Lumpur Sentral development started in 1997 and is scheduled to be completed in 2015.

By The Star

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