KUALA LUMPUR (Nov 27): M&M Ventures Holdings Sdn Bhd has officially commenced construction for its maiden project, a retail park named Bali Escape Kuala Lumpur (BEKL) in Pudu, Kuala Lumpur, on Wednesday.
With a budget of RM50 million, the four-acre BEKL will offer three-storey retail lots that have a total net lettable area of 213,540 sq ft. These lots will be leased to tenants and managed by M&M Ventures.
M&M Ventures chief operating officer Chris Stanley revealed that to date, the project has secured four confirmed tenants: Sportizza; International Food Hall operated by The Diordy Services Sdn Bhd; as well as Abeh Mart and Cafe Lusso, both operated by RC Distribution Services Sdn Bhd. M&M Ventures expects to add more lifestyle and F&B tenants to the list. BEKL is scheduled to be open in the third quarter of 2025.
In his opening address, Stanley said, “We would like to see BEKL as more than a retail park. It is to be a space to investigate, share and celebrate. We are out to build a spot that will [not only] appeal to those looking for leisure and shopping, but [also], at the same time, offer a special cultural and tropical experience while staying in Kuala Lumpur.”
As the name suggests, Stanley added that the developer has reached out to several Bali-based tenants to operate an outlet here at BEKL. The expected operating hours of BEKL will be from 8am to 12am, Stanley revealed, adding that this timing would be favourable to tourists as most shopping malls operate from 10am to 10pm.
On how BEKL will be different from other retail offerings in the area, Stanley said, “The shopping malls around here are mostly indoors, whereas BEKL is a hybrid between the outdoor and indoor. So we offer sort of an al-fresco feel, which in a way is also like a bazaar…and we plan to have diverse stores and offerings for example from Europe, Bali or even like an antique shop.”
BEKL is located within close proximity to malls such as Mitsui Shopping Park LaLaport Bukit Bintang City Centre, The Exchange TRX mall, Berjaya Times Square and MyTOWN Shopping Centre. It is also near several train stations, namely the Pudu LRT station, Tun Razak Exchange MRT station, Hang Tuah LRT-monorail interchange station and the Imbi monorail station.
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Source: EdgeProp.my
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