Mall in the making for Air Itam

August 24th, 2011 Leave a comment

BELLEVIEW Group will open Penang’s first strip mall, the RM200mil All Seasons Place, in early 2012 in Bandar Baru Air Itam.

Its group managing director Datuk Sonny Ho said strip malls were popular found in countries such as the United States, Canada and Australia.

“Strip malls are owned by a single owner and managed like a typical shopping mall.

“All Seasons Place, with an estimated 240,000sq ft of leasable space, qualifies as a strip mall as all the retail outlets are facing the main road, has a supermarket anchor tenant, and over 500 outdoor and indoor car parking bays.

“It is designed with a total of 120 shoplots spread over only three levels and all facing the busy main road of Lebuhraya Thean Teik

“Giant, which has agreed to be our anchor supermarket tenant, will occupy a 45,000sq ft space in All Seasons Place.

“We are in the process of selecting suitable food and beverage tenants to lease our retail outlets,” he said, adding that they have received over 200 enquires to lease the retail space.

Ho said they were targeting about 20 food and beverage outlets to be located at the al fresco dining area.

“There will also be other retail business such as beauty care, pharmaceutical and education centres as well.”

The project, which is located on a 8.09ha site, he added, has direct access to a surrounding population of over 300,000.

‘There will also be a 8,000sq ft courtyard with glass lifts and escalators against a backdrop of cascading waterfall and attractive light-emitting diode (LED) lighting.”

The rental for All Seasons Place ranges between RM3 per sq ft for level three and RM9.50 per sq ft for the ground floor.

Ho added that over 80% of All Seasons Park condominium, comprising 808 units, had been sold, and the last block would be launched in early 2012 during Chinese New Year.

The launched units, with built-up area ranging between 850sq ft and 1,300sq ft, were sold between RM300,000 and RM500,000.

Source: The Star

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