Above: BBCC Partners Mitsui for RM1.6 Billion Mall.

Mitsui Shopping Park Lalaport, the joint venture (JV) project between Japan-based Mitsui Fudosan (Asia) Pte Ltd and BBCC Development Bhd, is set to commence operations by end-2020 or early 2021.

According to CEO Datuk Richard Ong, the retail mall is slated for completion in four and half-years’ time, with works starting in January 2017.

With a built up area of 1.4 million sq ft, the RM1.6 billion mall at the Bukit Bintang City Centre (BBCC) will be a hybrid as it combines indoor shopping mall with an outdoor lifestyle street featuring cafes, restaurant and high-end brands.

Above: The retail mall is slated for completion in four and half-years’ time, with works starting in January 2017.

“The mall will have 350 stores. Mitsui Asia will bring a very unique concept, and with it, the aspiration of having something different in terms of design service quality, maintenance and uniqueness,” he said after the signing of definitive agreements with Mitsui Fudosan Asia.

“We will bring a lot of new brands from Japan, the Far East and other international labels.”

The agreement involve the management, establishment, operation and ownership of a JV firm which will operate and own the RM1.6 billion mall.

Above: The mall will have 350 stores. Mitsui Asia will bring a very unique concept, and with it.

Also present were Mitsui Fudosan Asia deputy managing director and chief regional officer (Malaysia) Takehito Fukui, Eco World Development Group Bhd chairman Tan Sri Liew Kee Sin and UDA Holdings Bhd chairman Datuk Dr Mohd Shafei Abdullah.

Ong revealed that three tunnels from Jalan Galloway, Jalan Hang Tuah and Changkat Thambi Dollah will be constructed to connect roads to the underground parking, which features more than 2,400 parking bays.

Above: Mitsui Shopping Park Lalaport, the joint venture (JV) project between Japan-based Mitsui Fudosan (Asia) Pte Ltd and BBCC Development Bhd.

Source: Property Guru