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Monday, July 21, 2008

Danga City Mall to add hotel, serviced apartments

JOHOR BARU: Danga City Mall Sdn Bhd (DCMSB) plans to build a hotel tower and serviced apartment block as part of its Danga City Mall development.

Managing director Gary Lee Seaton said the project would be located on the mall's existing outdoor car park, measuring about 40,000 sq ft.

The interior of Danga City Mall.

“The retail and hospitality sectors in Johor Baru will chart a good growth with the influx of local and foreign investors to Iskandar Malaysia,” he said.

Johor would also benefit from the spillover of the tourism sector in Singapore if local retail and hospitality players worked together to tap this market, he said.

Seaton said this during a preview of the newly refurbished mall, opening for business on Aug 31.

The mall, formerly known as the Best World Plaza, closed down two years after its opening in 1996 due to the Asian financial crisis.

DCMSB, which is closely linked to the developers of Danga Bay waterfront project, acquired the building in 2005 from Pengurusan Danaharta Sdn Bhd.

The former has spent RM100mil on the mall, including a RM50mil makeover, to reposition it as the city’s premier retail complex.

Located along Jalan Tun Abdul Razak, the mall has a gross built-up area of one million sq ft and 500,000 sq ft of lettable space over seven floors.

“The upgrading of the road to give the mall greater accessibility is our main priority as previously shoppers had problems coming to the mall,” said Seaton.

He said Metrojaya would be the main anchor tenant, occupying 120,000 sq ft.

Seaton said Metrojaya would have a 1,500-sq-ft cafĂ© within its premises – the first of five such Metrojaya stores in Malaysia.

The other stores are at Mid Valley Megamall, Berjaya Times Square and Bukit Bintang Plaza in Kuala Lumpur, and Island Plaza Penang.

By The Star (by Zazali Musa) (Article posted on 20 July'08)

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