https://www.edgeprop.my/content/1301149/cmmt-says-planning-sungei-wang-plaza-enhancementCMMT says planning Sungei Wang Plaza enhancement
By TAN XUE YING
Thu, 29 Mar 2018
KUALA LUMPUR (March 29): Capitaland Malaysia Mall Trust (CMMT) has budgeted some RM80 million to enhance four of its five shopping malls in Malaysia this year.
CMMT chief executive officer Low Peck Chen said approximately RM54.5 million of the RM80 million will be used to redevelop five retail floors of the annex block of Sungei Wang Plaza (pictured) along Jalan Bukit Bintang here.
"I must say that a sizeable AEI (asset enhancement initiative) opportunity at Sungei Wang is rare because of its stratified structure. It took us one year to plan for this AEI," she told reporters after CMMT's annual general meeting here today.
At the press conference, Low said the Sungei Wang Plaza AEI includes facade upgrade and interior design, retail space reconfiguration and accessibility improvement work.
Low said the five-storey annex block, which will be rebranded as "Jumpa", will see a net lettable area of some 197,000 sq ft upon completion. She said construction of the annex block is expected to be completed by the first quarter of 2019.