JOHAR TOWN | Expo Center, Finance and Trade Centre (FTC) | 400 + 1100 Kanal

28300 Views 81 Replies 23 Participants Last post by RANA AAA, 6 mo ago

WaqasQ

Discussion Starter · Jan 1, 2018 (Edited)

Lahore Development Authority has established the first ever planned business hub of international standard, Finance and Trade Centre, Lahore, over an area of 1123 kanals, near Expo Centre, Johar Town.

The site is close to Lahore Canal, Motorway, Southern Bypass, Rai-Wind Road, Multan Road and other major intercity roads of the provincial metropolis for facilitating easy movement of business community from other cities. Specialized facilities for carrying out different types of major businesses have been provided in the area for making it a nucleus of commercial activities in the second largest city of Pakistan.

LDA has plans to link the FTC to LRR southern loop through a 16.6 Km 10 lane road running parallel to Canal Road. And to construct a 4.8Km Structure road leading to Khayaban-e-Jinnah.

Current Status
For the year 2016-17, LDA earmarked Rs. 390 mn for provision of water supply, sewrage system and improvement of road network in FTC. Currently they are working on adding a 4 lane road along the east edge of FTC.

Site Plan

Known Projects
Expo Center Lahore | Completed
Site: Expo Site, 400 Kanal
Includes:
Expo Center
Envisioned Expo Tower
Envisioned Expo Hotel

Emporium Mall | Completed
Owner: Nishat Group
Site: Hotel Site, 118 Kanal, Completed in 2016 for $240mn
Project Thread

FEB Mall & Tower | Planning
Owner: Federal Employees Benevolent & Group Insurance Funds
Site: Super Store Site, 90 Kanal
Includes: Shopping Mall and Commercial/Office Tower

Orient Group Project | Planning
Owner: Orient Group
Site: Multiple Plots in Commercial Block
Includes:
30 Storey Mövenpick Hotel Building
Mall and Entertainment Center
Residential Tower
Office Tower
Hospital Building

LDA Tower (IT Tower) | Envisioned
Owner: LDA
Site: LDA Tower Site, Corporate Block

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WaqasQ

Discussion Starter · #21 · Jan 13, 2018

I thought the same thing, and the podium idea is dumb too, I say develop the site in steps based on a master plan. Plan for ~3 towers and start off with just the one, they have a 90 kanal site which is already worth Rs. 5bn, they should utilise it fully.

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PakiDoperz

· #22 · Jan 14, 2018

AbdurrehmanKhan said:
Why is there a mall proposed to be right next to Pakistan's best and largest mall? Dumb idea.

Visited emporium mall yesterday and wasnt impressed with it. Floors were quite dirty and dust was visible everywhere. Used the lifts and everytime i pressed the lift button i got a electric shock.

Packages mall might be small but its Maintenance is well done

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WaqasQ

Discussion Starter · #23 · Jan 14, 2018

PakiDoperz said:
Visited emporium mall yesterday and wasnt impressed with it. Floors were quite dirty and dust was visible everywhere. Used the lifts and everytime i pressed the lift button i got a electric shock.

Packages mall might be small but its Maintenance is well done

Can't say anything about the lifts but visited the mall yesterday and found it to be very well kept. Not once did I think that this place needs a cleaning up. Sure, stuff will get a bit scuffed up once its in regular use but I wouldn't call that dirty.

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Usman ali

· #24 · Jan 14, 2018

AbdurrehmanKhan said:
Why is there a mall proposed to be right next to Pakistan's best and largest mall? Dumb idea.

that was just a proposal when the land was advertised by govt, now it's upto the owners what they build there, the land on which emporium is built was advertised as a 5 star hotel site.

WaqasQ

Discussion Starter · #25 · Jan 14, 2018

Usman ali said:
that was just a proposal when the land was advertised by govt, now it's upto the owners what they build there, the land on which emporium is built was advertised as a 5 star hotel site.

Actually the owners want to build a mall there along with commercial office space. The owners FEB & GIF explicitly mention “mall” in their tender invitations which is kind of stupid. I’m sure they’ll drop the mall idea after some sort of market survey.

The site was originally intended for a superstore but LDA revised its possible uses after it failed to auction off any plots in FTC in the initial auctions. This plot was the first one to be auctioned in 2011.

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RANA AAA

· #26 · Jan 15, 2018

PakiDoperz said:
Visited emporium mall yesterday and wasnt impressed with it. Floors were quite dirty and dust was visible everywhere. Used the lifts and everytime i pressed the lift button i got a electric shock.

Packages mall might be small but its Maintenance is well done

sir un ko westfield ya QVB type markets sa compare na karain yahan k hisab sa dekhain to bht acha hai theek hai we need much more improvement but still better than nothing ...

packages mall might be small :lol: ? o bhai to big kia hai :hmm: ?

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At203

· #27 · Jan 16, 2018

Infact malls in pakistan are livelier than malls in the west and i am not talking about small town malls but one of the biggest ones like the king of prussia mall and others. The purpose of a mall is to make the shoppers feel good about coming out of their homes and malls in pakistan serve that purpose very well.

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WaqasQ

Discussion Starter · #28 · Jan 16, 2018

Orient posted an ad this week in the papers looking to hire engineers for project co-ordination, the ad specifically mentioned high rise and hotel so I guess we can expect an announcement in this quarter and construction to commence sometime in Q2.

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PakiDoperz

· #29 · Jan 16, 2018

Rana jee nahi mein sirif packages ot emporium sai compare ker raha hoon.

I went on friday after friday prayers floor aorund hardy and cinema was quite messy. Even one of the limit was smelling with vomit smell. I saw lot of dust where as when you packages you see cleaners everywhere.

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RANA AAA

· #30 · Jan 16, 2018

^^ Defence walon ko packages mall hi pasand aye gi

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RANA AAA

· #31 · Jan 25, 2018

Site For Orient International Hospital

NoUpdates On MovenPick Site :hmm:

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RANA AAA

· #32 · Jan 25, 2018

Plot Opposite To Orient Project Site

dont know if they are working in that site or some kind of road work :s

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WaqasQ

Discussion Starter · #33 · Jan 25, 2018

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UzEE Inc

· #34 · Feb 6, 2018

PakiDoperz said:
Visited emporium mall yesterday and wasnt impressed with it. Floors were quite dirty and dust was visible everywhere. Used the lifts and everytime i pressed the lift button i got a electric shock.

Packages mall might be small but its Maintenance is well done

I visit Emporium regularly and I've never seen any cleanliness issues nor have I been shocked by the elevators (which I use every time to take the shopping carts down to the parking).

Problem with Packages is that it isn't getting enough shoppers, at least to the level of sales what the stores were expecting. There have been several disputes with management internally about that and the mall management went so far as to waive off a full quarter's rent to ease the brands.

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Shin20

· #35 · Feb 11, 2018

The biggest problem packages is facing in attracting the DHA residents is that they already have these brands inside DHA, Y block market has even bigger showrooms than those in packages. Plus DHA won't allow them to open an entrance/exit point on Khayaban-e-Iqbal which I think they had in mind. But well they're getting a decent number of visitors still.

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WaqasQ

Discussion Starter · #36 · Feb 11, 2018

UzEE Inc said:
There have been several disputes with management internally about that and the mall management went so far as to waive off a full quarter's rent to ease the brands.

Maybe you know of some specific details but I find that very hard to believe. Even if a quarter’s rent was waived off, it must have been for some other reason than poor footfall. They are running a business and before handing out such massive discounts, they would rather advertise the mall more.

A decent ad campaign would cost no more than 60mn to air plus 15mn for production(with a decent celebrity). If they waived off rent for some brands and you know about that, then the other brands do too and they wouldn’nt be too happy about it. So if everyone gets that amount off that means a lot of lost revenue, at .4mn average rent, that means 240mn in lost revenue for the quarter (I used .4 as a low estimate, I know for a fact that those small ice cream and candy stalls in emporium pay .2mn in rent and some of the largest brands pay as much as 2.5mn, no idea about packages rates).

So if you are failing to provide the footfall you promised in the contract, would you rather part ways with 75mn and actually do something about the problem or would you let go of 240mn and do absolutely nothing about the problem. Let’s not forget its run by the same people that run tetrapak, nestle, Coca Cola, rose petal and LUMS.

And I think the mall is doing ok, it’s absolutely packed on weekends and the shops look very busy. If traffic was such an issue, packages would’ve been all over the ad space.

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WaqasQ

Discussion Starter · #37 · Feb 12, 2018

Major #General (R) Shaukat Sultan from #Orient Group visited under #construction building projects of #Kingcrete in #Lahore. He was well received and given #presentations on the execution methodology.

So Orient is already looking at construction companies.

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UzEE Inc

· #38 · Feb 16, 2018

WaqasQ said:
Maybe you know of some specific details but I find that very hard to believe. Even if a quarter’s rent was waived off, it must have been for some other reason than poor footfall. They are running a business and before handing out such massive discounts, they would rather advertise the mall more.

A decent ad campaign would cost no more than 60mn to air plus 15mn for production(with a decent celebrity). If they waived off rent for some brands and you know about that, then the other brands do too and they wouldn’nt be too happy about it. So if everyone gets that amount off that means a lot of lost revenue, at .4mn average rent, that means 240mn in lost revenue for the quarter (I used .4 as a low estimate, I know for a fact that those small ice cream and candy stalls in emporium pay .2mn in rent and some of the largest brands pay as much as 2.5mn, no idea about packages rates).

So if you are failing to provide the footfall you promised in the contract, would you rather part ways with 75mn and actually do something about the problem or would you let go of 240mn and do absolutely nothing about the problem. Let’s not forget its run by the same people that run tetrapak, nestle, Coca Cola, rose petal and LUMS.

And I think the mall is doing ok, it’s absolutely packed on weekends and the shops look very busy. If traffic was such an issue, packages would’ve been all over the ad space.

Problem was that they fell behind on their original plans. The cinema was supposed to open along with the mall which was going to be a major contributor for traffic. It got delayed massively however, hence the problems.

From what I know, apart from Hyperstar, almost no brands were doing good business wise. I'm sure that's also down to the location as well. Apart from DHA, the mall is basically flanked by low income areas. Most of these people would love to the mall to hang out, but very few actually buy anything. Conversely, a lot of people in DHA would rather shop or hang out at Y-Block or even Phase V.

Emporium on the other hand has basically no competition in that area. People in Johar Town, Wapda Town etc. didn't really have a lot of good places to shop or hang out at nearby. Emporium is pretty much exclusively serving that market.

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WaqasQ

Discussion Starter · #39 · Mar 21, 2018

Was in the news that some revisions in the design of FTC have been approved by LDA. Hopefully we’ll get some details soon.

Usman ali

· #40 · Mar 22, 2018

I wonder who's the genius behind the yellow and black paint on stairs of expo center, couldn't take pics. The ones facing nazria pakistan ave are painted, hope the others aren't :bash:

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