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Old July 9th, 2012, 08:19 PM   #1
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CHERAS SENTRAL (formerly Phoenix Plaza) & DORSETT CHERAS | Kuala Lumpur (Jalan Cheras)| 13 fl | Shopping Mall & Hotel | Completed (1994) & Refurbishment (2013)

Cheras Central
previously Plaza Phoenix




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Old July 10th, 2012, 04:41 AM   #2
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Cheras Sentral to get MRT connection
By Ooi Tee Ching
Published: 2012/07/10





KUALA LUMPUR: Property developer Malaysia Land Properties Sdn Bhd (Mayland), which is redeveloping Phoenix Plaza in Cheras, will benefit from connectivity with the planned MRT station in three years.

"There will be a pedestrian bridge right across the road connecting the MRT station to the second level of our shopping mall," said Mayland retail general manager Michael Chee.

Renamed Cheras Sentral, the Phoenix Plaza shopping complex is now undergoing a RM125 million transformation.

Chee said the mall, with 500,000 sq ft of net lettable area, anticipates 85 per cent occupancy by the end of this year. Rent at the malls is expected to be between RM4.50 and RM5.00 per sq ft.


A strong tenant mix and strong support from existing strata title owners will see to mutual benefit, Chee told reporters after a tenancy signing ceremony with TGV Cinemas, Jaya Grocer, Celebrity Fitness, CYC World Mega Leisure World, Moon Palace Chinese Restaurant, K-Mix Karaoke and information technology company Dynamic Trial Sdn Bhd here yesterday.

Phoenix Plaza, which opened in 1994, closed in 2005 due to accessibility problem and inexperienced management.

Mayland, a company controlled by Tan Sri David Chiu, bought 85 per cent of the stratafied block of real estate in 2009 from Danaharta.

Chee said apart form refurbishing it, Mayland plans on adding a hotel and car parks.

The proposed hotel, which will carry the group's hotel brand - Silka or Dorsett - which will have about 300-odd rooms and is scheduled for opening early next year.

Mayland currently owns and operates the Sri Hartamas Shopping Centre.

Last edited by rizalhakim; July 10th, 2012 at 05:06 AM.
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Old July 10th, 2012, 04:54 PM   #3
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Quote:
Originally Posted by nazrey View Post
Cheras Central
previously Plaza Phoenix





http://www.panoramio.com/photo/63940403
Mayland eyes more malls and hotels



Posted on 10 July 2012 - 08:31am
Last updated on 10 July 2012 - 08:37am

KUALA LUMPUR (July 10, 2012): Malaysia Land Properties Sdn Bhd (Mayland) wants to further expand its business in the shopping mall and hospitality sectors, and is eyeing two malls, said its retail general manager Michael Chee.

"We are open to both redevelopment of malls and developing new malls but it is more likely to happen next year because this year we have our hands full with Cheras Sentral," he said.

Speaking to reporters at the signing of seven anchor tenants for Cheras Sentral (formerly Plaza Phoenix) yesterday, he said the company is in talks to acquire two shopping malls and is also on the lookout for hotels.

Mayland secured TGV Cinemas, Jaya Grocer, Celebrity Fitness, CYC World Mega Leisure World, Moon Palace Chinese Restaurant, K-Box Karaoke and Dynamic Trial Sdn Bhd as the anchor tenants for Cheras Sentral.

Mayland acquired over 85% of the retail space, land and parking facilities in 2009 and has invested over RM125 million to date to redevelop the mall.

Chee said the mall is expected to be completed by the fourth quarter this year with current average rental rates of RM5 to RM6 psf. Targeted at Gen-Y consumers, the mall has been rebranded as a neighbourhood mall offering mid- to high-end brands.

He said the mall has about 500,000 sq ft of net lettable area, and would benefit from the proposed MRT station nearby.

Chee said it is also developing an entrepreneur programme to encourage and support local retailers instead of having the same shops and brands in every shopping mall.

He said the mechanics of the programme are still being worked out but will include benefits such as free rental for local entrepreneurs and small-medium enterprise owners.

"We have already developed a portion of the mall for 10 outlets, to set up mom-and-pop shops," he added.
http://www.thesundaily.my/news/430041
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Old August 6th, 2012, 06:01 AM   #4
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Future looks bright for Cheras Sentral
http://www.theedgeproperty.com/news-...s-sentral.html


A proposed MRT station on the Sungai Buloh-Kajang line will be located directly across the mall and will add to the footfall


Mayland is looking for and courting retailers with new concepts and new players in the Klang Valley
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Old January 8th, 2013, 07:15 AM   #5
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Quote:
Originally Posted by rizalhakim View Post
Cheras Central Shopping Mall
previously Plaza Phoenix
new owner - Mayland
budget - RM150mil
project includ a 300rooms hotel(Dorsett),cineplex at rooftoop and huge bowling centre.



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Old December 10th, 2013, 09:09 PM   #6
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CHERAS SENTRAL (formerly Phoenix Plaza)| Kuala Lumpur (Cheras)| Shopping Mall | Completed (1994), Refurbishment & ReOpening (2013)

From The Star

Saturday September 8, 2012



Reviving the phoenix


By EUGENE MAHALINGAM

eugenicz@thestar.com.my



Refurbishing an old building into something new and exciting is always a challenge. But at times, it isn't necessarily the biggest hurdle.

That is reserved for trying to revamp the image of the structure, especially if it has been stigmatised.

The formerly abandoned Plaza Phoenix shopping centre in Cheras is one such example, as it will probably be recognised as an ambitious (at its time of opening) but failed project that everybody today will probably remember for its bad points.

That's where Malaysia Land Properties Sdn Bhd (Mayland) comes in, which has taken upon itself to turn the unsuccessful Plaza Phoenix into a thriving, profit-generating, new-age shopping mall.







New-age: Artist impression of the Cheras Sentral. Chee (inset) says only the external walls of Plaza Phoenix are left.






“A lot of people still remember it (Plaza Phoenix) as an old, rundown place that failed,” says Mayland retail general manager Michael Chee.

“At that time, the surrounding area in Cheras was not yet matured,” he tells StarBizWeek, adding that accessibility to the mall at the peak of its operations was also a major issue, as roads leading up to the shopping centre were always congested.

“We have a plan on how to market and progress the mall.”

Plaza Phoenix was opened in December 1994 but closed down in August 2005. In 2008, Mayland, helmed by Hong Kong-based hotelier and property developer Tan Sri David Chiu, acquired the mall.

“When we came in, the mall was abandoned and practically falling apart,” Chee recalls.

Since Mayland came into the picture, Plaza Phoenix, which is now known as Cheras Sentral, has been earmarked for a December launch. According to Chee, the mall already has a strong tenant mix to “pull in the crowds.”

“We already have an occupancy rate of about 75% to 80%,” Chee says, adding that the building has a built up area of about one million sq ft.

“For the retail portion, the gross lettable area is only about 500,000 sq ft. About 300,000 sq ft will be for walkways and car parks while the remaining 200,000 sq ft of space will be for the development of a hotel.”

Chee says Cheras Sentral will have around 1,250 car park bays.

Some 450 parking bays from Megan Phoenix, a building located behind Cheras Sentral that comprises office blocks and shop lots, will also be made available to mall-goers.

Among the mall's anchor tenants are TGV Cinemas (which has taken up about 2,000 sq ft), Jaya Grocer (27,000 sq ft), Celebrity Fitness (15,000 sq ft), Moon Palace Chinese Restaurant (20,000 sq ft) and Japan Home Centre (7,000-8,000 sq ft).

Chee says another 7,000 sq ft to 8,000 sq ft has been allocated for space dedicated to information technology products.

“We have Starbucks, Old Town White Coffee and Nandos, among others. We want to pull in the Gen-Y crowd, having lots of entertainment, leisure and food and beverage outlets in Cheras Sentral.”

Chee says Mayland is pumping in some RM125mil to revamp the mall, and with its tenant mix, expects to break even within the next five to six years.

“We may break even sooner than that,” he says, adding that the average rental rate at Cheras Sentral ranges between RM10 and RM15 per sq ft.

“The whole place has been redesigned. We've added a new tunnel to the car park, travelators and also glass elevators to give it a more modern look. It was a complete refurbishment. I think the only thing left (of Plaza Phoenix) are the external walls!”

To Mayland's (and Cheras Sentral's) benefit, the surrounding area has also been earmarked for development. Accessibility has been improved as the roads leading to the mall have been widened to reduce congestion.

Accessibility to the mall will also be enhanced with a proposed mass rapid transit (MRT) station sited across the road and linked via a pedestrian bridge.

“We're especially bullish about the location of Cheras Sentral because of the MRT station that's coming up,” says Chee, adding that MRT Co, the Government body overseeing the Klang Valley MRT, is also developing a multi-level carpark near the station.

“We will also be catering to a much more matured area today compared with when Plaza Phoenix was operating,” he says.

Chee notes that the prices of properties within Cheras had also escalated over the years, boosted by the developments (like the refurbishment of Plaza Phoenix) over the years.

“When we started refurbishing Plaza Phoenix years ago, people were auctioning their offices at Megan Phoenix and the starting price was RM200 per sq ft. Today, the properties are being auctioned off at between RM450 per sq ft and RM500 per sq ft.”

He says other developments had also “sprung up” over the years.

“Developers are also starting to come in and develop property within the area. Our project has improved the value of the offices there. We like to believe that we are the impetus for developers to relook into this place as a potential growth area,” says Chee.

He admits that the new commercial developments coming up within the area will create competition for Cheras Sentral.

“Today, there are malls springing up everywhere like grass after rain. Everyday, there are new brands and designs coming up. Within Cheras you already have Cheras Leisure Mall, Jusco, and Sunway Viva City is also coming up. We have some competition, but competition is always good. Gone are the days when you set up a mall and pray that people will come. Today, you need to be able to pull in the crowd. You need to have the right tenants in the right location for the right people. Otherwise, it becomes a mismatch. (But) we believe that Cheras Sentral has those elements.”

Cheras Sentral's success rate is also underpinned by the fact that Mayland is a unit of Hong Kong-listed Far East Consortium International Ltd.
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Old December 10th, 2013, 09:12 PM   #7
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From Mutiara Damansara Business Hub



Quote:
Cheras Sentral (formerly Plaza Phoenix Cheras) will be getting MRT connection

11/07/2012








KUALA LUMPUR- Property developer Malaysia Land Properties Sdn Bhd (Mayland), which is redeveloping Phoenix Plaza in Cheras, will benefit from connectivity with the planned MRT station in three years.

"There will be a pedestrian bridge right across the road connecting the MRT station to the second level of our shopping mall," said Mayland retail general manager Michael Chee.

Renamed Cheras Sentral, the Phoenix Plaza shopping complex is now undergoing a RM125 million transformation.

Chee said the mall, with 500,000 sq ft of net lettable area, anticipates 85 per cent occupancy by the end of this year. Rent at the malls is expected to be between RM4.50 and RM5.00 per sq ft.

A strong tenant mix and strong support from existing strata title owners will see to mutual benefit, Chee told reporters after a tenancy signing ceremony with TGV Cinemas, Jaya Grocer, Celebrity Fitness, CYC World Mega Leisure World, Moon Palace Chinese Restaurant, K-Mix Karaoke and information technology company Dynamic Trial Sdn Bhd here yesterday.

Phoenix Plaza, which opened in 1994, closed in 2005 due to accessibility problem and inexperienced management.

Mayland, a company controlled by Tan Sri David Chiu, bought 85 per cent of the stratafied block of real estate in 2009 from Danaharta.

Chee said apart form refurbishing it, Mayland plans on adding a hotel and car parks.

The proposed hotel, which will carry the group's hotel brand - Silka or Dorsett - which will have about 300-odd rooms and is scheduled for opening early next year.

Mayland currently owns and operates the Sri Hartamas Shopping Centre.

--Business Times
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Old December 10th, 2013, 09:17 PM   #8
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From Star Property


Quote:
Plaza Phoenix becomes Cheras Sentral



Posted on July 6, 2012

By Johnni Wong | Jul 6, 2012






Plaza Phoenix being transformed into Cheras Sentral at a cost of RM125mil.






Plaza Phoenix, a landmark shopping centre on the Cheras-Kajang Highway, is being rescued at a cost of RM125mil by Mayland Properties from its sorry state of neglect and re-branded as Cheras Sentral.

“Standing derelict for close to 10 years, Cheras’s iconic property failure, formerly known as Plaza Phoenix, is due to rise from the ashes again under the nurture and guidance of Mayland Properties,” said the company in a Press advisory.

“Having purchased the bulk of the strata-titled property in 2011, Mayland has, at no expense to small-lot holders, commenced refurbishment of the entire building,” explained the statement.

It is understood that Mayland own 85% of the 1mil gross floor space of the property which was bought in 2009. It is still in negotiations with individual lot owners who hold about 10% of the property. Some are selling their lots to Mayland while others are either leasing their space to the majority owner or plan to operate a business when the refurbishment exercise is completed.





Mayland Properties is the majority owner of Cheras Sentral that has a gross floor space of 1mil square feet.






Apparently, Mayland will launch the project later this year “as the fresh icon for Cheras”. No details have been released yet but the commercial centre will be marketed as a community hub and “with no intention of letting the past repeat itself”.

The statement added, “Knowing full well the challenges associated with strata-titled properties, Mayland has been actively trying to engage with other stakeholders in the property,” referring to the need for a sound and productive re-development plan to be established.






Cheras Sentral will have a 300-room hotel component operated by Silka Hotels.






Mayland will ensure “a tenant mix for Cheras Sentral that reflect the needs of the community” and more significantly will provide the resurrected shopping centre the “launch pad to succeed in its new lease of life.”

Mayland has secured several prominent tenants for the property which will include a hotel operator. Although, the statement didn’t mention who they were but the advertisement hoarding on the project site indicated the logos of the would-be operators.

It is learnt that Silka Hotels which is associated with the Dorsett Regency brand will operate a 300-room hotel. Jaya Grocer will take up 25,000 sq ft, TGV Cinemas 15,000sq ft, Celebrity Fitness about 25,000sq ft and Moon Palace restaurant about 20,000sq ft.

There will also be an amusement park of about 25,000sq ft to be operated by M Squared and an IT market with a floor space of 20,000sq ft.

On July 9, there will be a signing ceremony between Mayland and the six anchor tenants involving a memorandum of understanding for the development of Cheras Sentral. It will mark the commencement of a new future for the property and for the Cheras and Klang Valley community.
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Old December 10th, 2013, 09:27 PM   #9
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From The Edge


Quote:
Sunday, 5 August 2012


Future looks bright for Cheras Sentral



Running a mall is no longer what it used to be. Michael Chee, the retail general manager of Malaysia Land Properties Sdn Bhd (Mayland), recalls the days when one could open a mall and people would flock to it without having had to do much promotion.

“I remember seeing people queue up on opening day for something as simple as a free pack of tissue. You can’t do that anymore. Today’s consumers are more discerning and demanding. You have to offer them what they want, or they will go to the next mall,” says Chee.

One can hear the excitement in Chee’s voice as he talks about the refurbishment, redirection and upcoming opening of Cheras Sentral, the former Plaza Phoenix in Cheras, at the end of the year.

The mall, at the 10km mark of Jalan Cheras, has been a familiar sight to Cheras folk for more than 15 years. Mayland acquired the 880,000 sq ft mall in 2008 after it had closed down in August 2005.

Mayland owns 85% of the strata-titled mall and spent about RM125 million to refurbish it, an amount which Chee jokingly told Mayland founder and Hong Kong-based tycoon Tan Sri David Chiu, could be spent on building a new mall. “But Chiu saw the potential and has a vision of Cheras Sentral becoming a new icon for Cheras,” says a confident Chee.

Cheras Sentral comprises a mall and the 300-room three-star Silka Hotel, a brand under Dorsett Regency Hotels.

Chee firmly believes the timing is right to reopen Cheras Sentral despite some misgivings in the market due to concerns of an oversupply of retail mall space in the volatile global economy, not to mention Plaza Phoenix’s unsuccessful run.

“Plaza Phoenix’s timing wasn’t right. Back then, people living in the surrounding neighbourhood were mostly not affluent. For example, Isetan was one of the anchor tenants. But at that time, Isetan was considered the crème de la crème of retail outlets; it was seen as a Japanese fashion house, the market here was just not ready,” says Chee.

The layout was also a contributing factor. Chee feels it was designed to squeeze money out of every square foot, resulting in a cluttered and cramped environment.

Everything is set to change with Cheras Sentral, says Chee. For starters, the residents in Cheras are growing more affluent, which can be seen in the increasing number of medium to high-end developments in the area.





A proposed MRT station on the Sungai Buloh-Kajang line will be located directly across the mall and will add to the footfall






The road system has also improved with the widening of Jalan Cheras into a six-lane highway, among others. Its location ensures a population catchment of 1.7 million consumers and the forthcoming opening of the proposed mass rapid transit (MRT) station on the Sungai Buloh-Kajang line, which will be directly opposite the mall, will add to the footfall. MRT Co, the asset owner of the MRT project will develop a 1,000-bay multi-level car park as part of its Park and Ride facility and it will be linked to the mall. The car park is expected to be ready in 2014.

The first thing Mayland remedied was the layout. It took out some of the units, reducing the net lettable space to 400,000 sq ft, to create more open spaces to give the mall a comfortable and airy feel.







Mayland is looking for and courting retailers with new concepts and new players in the Klang Valley







“Nowadays people want to shop in a comfortable and open environment. The new layout is also more accessible. We put in bubble lifts that go all the way up to the ninth floor, as well as travelators,” says Chee, adding that the mall will house 450 retail outlets.

Mayland will increase the number of parking bays from 931 to 2,000 with the acquisition of the 450-bay car park block next to the mall and the addition of the Park and Ride multi-level car park. Security is of the utmost concern; over 182 CCTV monitors will be installed in the mall and the company is looking at placing panic buttons.

“Once a panic button is pressed, an alert will be immediately sent to specially made watches worn by security guards. I’m also looking at linking the panic button system to our car park barricade system, which means that at the press of the button, the barricades will go up and no cars can leave the mall,” says Chee.

However, the key to the success of a mall remains knowing and understanding your target market, says Chee. “When it comes to malls, you need to marry your customers to your tenants. You need to know who your target market is, what they want, their habits and spending power.”

Knowing your target market
Positioned as part destination and part neighbourhood mall, Cheras Sentral is targeted at generation Y, classified as those born between 1981 and 2000. According to Chee, this group comprises social animals and up-and-comers, and their buying habits are often influenced by their peers.

“I believe this mall should be more focused on leisure and entertainment, so we have a good number of F&B outlets. We have about 60% tenancy now and hope to hit 85% by the targeted opening in 4Q2012,” says Chee.

Mayland has already secured Jaya Grocer (25,000 sq ft); Tanjung Golden Village, which offers an eight-screen Cineplex; Moon Palace Chinese Restaurant (8,000 sq ft) and Celebrity Fitness (15,000 sq ft).

“We are also looking at providing services such as pet grooming and tuition centres. Customers move from mall to mall, so you need to catch them and make it a habit for them to come to yours,” says Chee.

“The leisure and entertainment focus of the mall will generate more traffic. We have a hotel, so that will help bring in the transient crowd. These days malls are very integrated as the other components help generate traffic. A standalone mall is more difficult to run,” he adds.

Mayland is looking for and courting retailers with new concepts and new players in the Klang Valley. “Most major malls have the same tenants and it can get tiring after a while. We are looking at a few things, including a fashion house from Johor, and Bread Story is coming up with a new concept for our mall,” says Chee. Mayland is looking at an average rental rate of RM6 psf, which Chee believes is a good start.

To help encourage more new retail concepts, Mayland is developing a programme for young entrepreneurs. “If you have a strong business concept, we can give you a rental-free space for a period of time. We want to create opportunities for young entrepreneurs and if the concept works, it benefits us too,” says Chee.

Chee is not worried about the perceived oversupply of retail space in the Klang Valley and the feared economic slowdown. He contends that the fear has been there for a few years and that well-positioned, well-managed and well-segmented malls are still doing well.

“For retailers, if they keep coming up with new things, people will keep on buying. The same goes for malls, they need to refurbish every five to six years to give it a new look and bring in new tenants with new concepts. The ones that know their market will do well,” he says.

As for the hotel, the question is how it can attract customers as Cheras is not exactly known as a tourist destination. The mistake, says Chee, is that most people assume only tourists and business people stay in hotels.

“These days, a lot of people stay in apartments and apartments are getting smaller. They will have friends and relatives visiting. The apartment may be too cramped, so where will they stay? Hotels in the city centre are too far away. So how about our hotel, which is linked to a mall? The extended family is an overlooked market that we want to tap into,” he says.

With the work done by Mayland and the positive factors such as the growing affluence of the area and the new MRT station, Chee is confident the future is bright for Cheras Sentral.
Source: The Edge
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Old December 11th, 2013, 02:53 PM   #10
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Cheras Sentral it's already open? someone told me that UNIQLO at Cheras Sentral is not opening yet
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Old December 23rd, 2013, 08:54 AM   #11
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https://www.facebook.com/cherassentralofficial

Last edited by W3raq; December 23rd, 2013 at 11:38 AM.
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Old December 23rd, 2013, 10:55 AM   #12
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Quote:
Originally Posted by W3raq View Post
Please do not provide false/half-baked information if you are not too sure. This is not your first time.

Cheras Sentral already opened.
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Old December 23rd, 2013, 02:03 PM   #13
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Cheras Sentral already opened.
my friend told me UNIQLO, TGV Cinemas, Jaya Grocer, Cotton On, Charles & Keith and Hush Puppies was not open yet. they said next year
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Old December 23rd, 2013, 02:07 PM   #14
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here's a photo of my friend taking a picture TGV Cheras Sentral Mall in progress


https://foursquare.com/v/tgv-cinema-...8e314298605bb2

Last edited by W3raq; December 23rd, 2013 at 02:12 PM.
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Old December 23rd, 2013, 02:22 PM   #15
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anyone got the old photo of phoenix plaza when they got isetan as anchor tenants?
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Old December 23rd, 2013, 02:34 PM   #16
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Old December 23rd, 2013, 02:50 PM   #17
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Most shops are not open yet but the shopping mall is opened.

Shops that I could remember opened are Celebrity Fitness, Starbucks, Wong Kok Char Chan Teng, and many other smaller shops.

So please do not go telling ppl it is not opened.
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Old December 23rd, 2013, 05:45 PM   #18
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To W3raq :

Next time when you say something wrong, please do not edit!

You are responsible for what you say. Keep it there or else it makes those responding to your original posts looks silly.
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Old December 24th, 2013, 08:39 AM   #19
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These are taken on 18th of December 2013 :



image hosted on flickr

20131218_212657 copy by szehoong, on Flickr







image hosted on flickr

20131218_212710 copy by szehoong, on Flickr











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20131218_212718 copy by szehoong, on Flickr
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Old December 24th, 2013, 08:39 AM   #20
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