The first phase of the Mall of Medini was recently soft-launched by its developer, Nusajaya Lifestyle Sdn Bhd, a joint-venture (JV) company between UEM Land Holdings Bhd and Iskandar Harta Holdings Sdn Bhd (IHHSB) - a unit of Iskandar Investment Bhd, reported The Star.
The Mall of Medini draws inspiration from successful shopping complexes and theme parks in the US such as The Grove, Americana and Universal Citywalk. The retail centre is also near Legoland and is set to become the lifestyle, entertainment and recreational hub of Nusajaya, one of the key regions in Iskandar Malaysia.
Phase 1 of Mall of Medini features a high-street and colonnade-style retail lay-out, which is a departure from conventional box-shaped shopping malls. The Mall also has retail mix consisting of F&B outlets, fashion stores, as well as gifts and souvenir shops. Aside from that, it also has a cool, naturally-ventilated shopping environment.
At present, 90 percent of the retail space have already been taken up by well-known brands such as Blackball,1901, Tutti Frutti, Polo Haus, Penang Village, Royal Selangor, Manhattan Fish Market and KFC.
"We are excited to see the soft opening of Phase 1 of the Mall of Medini which is approximately 10 percent of the mixed development's overall two million sq ft of gross floor area," said Datuk Wan Abdullah Wan Ibrahim, Managing Director and Chief Executive Officer of UEM Land.
"This is just the beginning of what will be developed in four phases over a period of eight years, with an estimated gross development value of RM1 billion," he added.
No comments:
Post a Comment