The developers of Pavilion Elite – Urusharta Cemerlang (KL) Sdn Bhd, a joint-venture between the Pavilion Group and Qatar Holdings LLC, today announced a new retail landmark project adjacent to Pavilion Kuala Lumpur.
Targeted to open in November 2016, the Pavilion Elite overall integrated project costs approximately RM650 million to build and comprises a nett lettable area of approximately 250,000 sq ft. Pavilion Elite when fully tenanted will feature over 70 brands across its 10-level retail podium. With this, Pavilion Elite will present shoppers with an exciting retail mix of fashion (40%), F&B (30%) and Urban Leisure (30%).
Addressing Pavilion Elite’s retailers, business partners and the media at the brands unveiling ceremony earlier today, Joyce Yap, speaking on behalf of Urusharta Cemerlang (KL) Sdn Bhd and in her capacity as retail complex manager, said that, “The opening of Pavilion Elite is set to add vibrancy, choice and variety to the industry and will complement and enhance the total retail and lifestyle experience of Bukit Bintang, further transforming it into one of the world’s top tourism destinations.”
Ms Yap also commented that “With some of South East Asia’s biggest stores, new concept stores and large-format flagship stores housed within Pavilion Elite, the project will indeed be a testament to retail excellence in Bukit Bintang, the shopping haven in Kuala Lumpur.”
She concluded by saying that, “in spite of a challenging year for the shopping industry, the project has managed to achieve more than 85% occupancy – proof that demand towards retail space in Kuala Lumpur in a prime and strategic location in Bukit Bintang is still promising.”
Pavilion Elite will present a unique selection of new and international brands comprising new concept stores, large-format flagship stores, and South East Asia’s biggest stores. The project will also house several brands that are ‘first in Malaysia.’
Pavilion Elite will be managed by Kuala Lumpur Pavilion Sdn Bhd and will be designed to complement and seamlessly connect to Pavilion KL. Kuala Lumpur Pavilion Sdn Bhd distinguishes itself by turning shopping centres into successful brands and destinations in the region, through its high level of professionalism, passion and experience.