Malaysian shopping destination, Sunway Carnival Mall, is expanding its retail footprint: doubling the space to 1 million sqm with 95 per cent confirmed occupancy.
The expansion plan, valued at RM500 million (US$118.2 million), is scheduled to be completed on April 1 next year. The number of shops is set to increase by 60 per cent, from 220 to 350.
Sunway Carnival Mall also aims to attain 100 per cent occupancy by the second half of next year, and is expected to welcome 12 million visitors annually once it’s completed.
“The seeding thought for Sunway Malls is to deliver a more comprehensive retail brand presence beyond Klang Valley into other key urban markets,” said HC Chan, CEO of Sunway Malls & Theme Parks.
“It is about growing, curating and completing the retail mix for the Penang market.”
The additional retail space will see the opening of a series of large-format stores, from international, regional to local retail brands such as Jaya Grocer, JD Sports, Bath & Body Works, Innisfree, Laneige and Victoria’s Secret. The mall will also house the largest GSC Cinemas in the northern region.
“We believe too that a long-term, progressive and visionary view that goes beyond the current crisis is needed,” Chan added.
“Hence, we remain confident and build for the future – first with Sunway Mall and now the Sunway Carnival expansion.”
According to the GM of Sunway Carnival Mall, Chai Wen Yew, the mall expansion will cater the growing demand of the community, especially in the Mainland.
“In essence, we intend to create a wholesome lifestyle experience that is engaging, interactive and elevated for everyone to enjoy no matter their preference,” said Chai.
“Brick-and-mortar will still be relevant post-pandemic.
“Upon the opening of the expansion, our next focus will be the refurbishment of Sunway Carnival Mall phase 1.”