Sunway Bhd’s Sunway Malls and Theme Park recently held a soft opening for its latest retail hub, the Sunway Velocity Mall in Cheras in the capital.
Sunway Velocity Mall is expected to be Sunway’s best and aims to bring a unique shopping experience to the 1.72 million residents of Cheras and its surrounding neighbourhoods including Ampang.
Drawing on their immense experience, Sunway Malls has successfully integrated shopping, entertainment and gastronomy with the perfect social backdrop nestled in the heart of the larger 23-acre integrated development of Sunway Velocity.
Sunway Malls chief executive officer HC Chan said the seven-storey Sunway Velocity Mall is part of Sunway Velocity with a gross development value of RM4.5 billion.
It has six business components comprising a mall, residences, a hotel and an office tower, retail shops and a medical centre.
Chan said the hotel is scheduled to open in 2017, and will be followed by the medical centre in 2018.
He added that with the opening of Sunway Velocity Mall, the company has a portfolio of five malls in Malaysia, with a strong presence in key high growth and urbanised markets.
“Sunway Velocity Mall marks our second presence after our maiden foray into Kuala Lumpur’s mall scene more than a year ago with Sunway Putra Mall,” Chan said during the soft opening.
With one million square feet of retail space, the mall’s key tenants include AEON MaxValu Prime, TGV Cinemas, Parkson, Uniqlo, Harvey Norman, Home’s Harmony and Chi-X Fitness.
The mall aims for 100 per cent occupancy by the second half of 2017.
Chan said the tenancy sign-up to date is 95 per cent, with 75 per cent of the shops already opened. He expects the figure to rise to 80 per cent by the end of this month, and 90 per cent of the shops to be opened by the first quarter of 2017.
Apart from that, Sunway Velocity Mall is easily accessible through major artery roads including Jalan Cheras, Jalan Loke Yew, Jalan Pudu and Jalan Tun Razak as well as the Smart highway, KL-Seremban highway, New Pantai Expressway and Maju Expressway.
The mall will also be served by the Maluri LRT interchange station and the upcoming Cochrane and Maluri MRT stations.