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Tag: LaLaport

  • LaLaport to make Southeast Asian debut in Malaysia

    LaLaport to make Southeast Asian debut in Malaysia

    Japanese lifestyle shopping mall, Lalaport, is set to open its first Southeast Asian location in Malaysia next month at Bukit Bintang City Centre (BBCC).

    The Mitsui Fudosan-owned shopping mall is set to open its doors to the public on January 20, featuring a tenant mix of about 400 stores from global and Japanese brands, including those making their first appearance in Malaysia such as Nitori and Nojima.

    LaLaport BBCC marks the chain’s second international location after Mitsui Shopping Park LaLaport Shanghai Jinqiao, and will also be one of Lalaport’s largest commercial facilities in the world with more than 82,600sqm of floor space.

    Inspired by ‘modern simplicity’ and ‘Japanese flavor’ design concepts, LaLaport BBCC brings to life a “stylish appearance befitting city center locations complemented by a warm interior design conducive for shoppers to spend the entire day in comfort”.

    The complex features five floors above ground and five floors below including four floors of basement parking. LaLaport BBCC also presents a 1700sqm rooftop garden equipped with a roofed step stage and surrounded by greenery and trees.

    A large F&B floor houses supermarkets, ‘Depachika Marche’ for take-away foods, and a cafeteria. Meanwhile, the ‘Gourmet Street’ offers a fresh al fresco dining experience for shoppers while the large ‘Garden Dining’ food court on Level 4 boasts a 1400-seating capacity. There is also an event space dubbed ‘Wow Plaza’ located at the center of Gourmet Street.

  • LaLaport Kuala Lumpur mall breaks ground

    LaLaport Kuala Lumpur mall breaks ground

    Mitsui Fudosan, Japan’s largest integrated developer, broke ground on Tuesday on the Mitsui Shopping Park LaLaport Kuala Lumpur, one of Southeast Asia’s largest retail spaces under development.

    The mall is being constructed in the city center on the site of Pudu Prison, a colonial era facility demolished as part of a government growth drive.

     When completed in 2021, the five-story mall will offer 82,600 sq. meters of leasable space — enough for more than 300 retail outlets. The project has an estimated cost of 1.6 billion ringgit ($374 million), and is a 50:50 joint venture between Mitsui Fudosan Asia and BBCC Development. The latter is collectively owned by Malaysia’s state-owned Employees Provident Fund, UDA Holdings and prirvately held Eco World Development Group.

    The project forms part of a bigger real estate development, the Bukit Bintang City Centre (BBCC), which includes hotels, apartments, and offices in a built-up area of over 600,000 sq. meters with a gross development value of 8.7 billion ringgit.

    “I am confident that BBCC will succeed in further uplifting the image of Kuala Lumpur as an international modern metropolis,” said Prime Minister Najib Razak at the ceremony.

    Mitsui Fudosan Asia will lead the development, leasing, and operations drawing on its experience managing LaLaport malls in Japan. The group is aiming for a new urban lifestyle with innovative approaches to entertainment and education, according to Akihiko Funaoka, a senior Mitsui Fudosan executive. Among the attractions will be Zepp Kuala Lumpur, a concert hall and entertainment hub with 2,500 seats equipped by Sony Music Entertainment.

    Mitsui Fudosan’s existing regional investment is primarily in operating apartments, including in Malaysia. The shift to retail is a response to the growing middle-income market, according to Takehito Fukui, the company’s managing director for Malaysia.

    Isetan The Japan Store has already introduced some similar concepts to the Malaysian capital. Operated by Isetan Mitsukoshi, its six-story mall covers 11,000 sq. meters with dining and clothing outlets, and an area devoted to art and culture.

    Malaysian-owned 1 Utama Shopping Centre meanwhile includes a baseball batting cage and scuba diving center among its tenants.

    Mitsui Fudosan already runs Mitsui Outlet Park near Kuala Lumpur International Airport. The branded outlet store opened in 2015, and has traded briskly with locals and tourists from around Asia. According to Fukui, revenue was up 15% on 2016 in the first five months of the year.

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