Lucky One Mall

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Lucky One Mall
لکی ون مال
LuckyOneMalllogo.png
Lucky One Mall.jpg
Lucky One Mall in Karachi
Lucky One Mall
Location Karachi, Sindh, Pakistan
Coordinates 24°55′56″N67°05′14″E / 24.93222°N 67.08722°E / 24.93222; 67.08722
AddressOpposite UBL Sports Complex, Rashid Minhas Road
Opening date6 May 2017
DeveloperLucky Landmark (Pvt) Ltd.
ManagementLucky One (Private) Ltd.
Owner Yunus Brothers Group
ArchitectArcop (Pvt.) Ltd.
Stores and services200+
Anchor tenants 2
Floor area 320,000 m2 (3,400,000 sq ft)
Floors10
Parking1200 spaces
Public transitPeople Bus Service routes on Rashid Minhas Road
Website luckyone.com.pk

Lucky One Mall is a shopping mall located in Karachi, Sindh, Pakistan, which is owned by Yunus Brothers Group. It is the largest shopping mall in Pakistan, with an area of about 3.4 million square feet. [1]

Contents

History

Lucky Mall was constructed on the land originally owned by Fazal Textile Mills, a listed company which was acquired by the Yunus Brother Group in 1987. [2] [3] The mill specialized in producing cotton ring-spun yarn and was located in the industrial estate of Federal B. Area. [3] As the population of Karachi increased, the land of the mill became part of the city and its real estate value increased. [3] Due to this reason, on October 8, 2008, Fazal Textile Mills decided to relocate its production facility to Nooriabad, near the Super Highway, and construct a mega mall and luxurious residential towers on the existing land of the mill. [3]

In 2010, the Lucky One Mall Project was conceived as a joint venture between Lucky Textile Mills and Fazal Textile Mills. [3] To manage the construction, development, and maintenance of the project, a special purpose vehicle (SPV) named Lucky One (Private) Limited was formed in August 2010, following shareholder approval. [3] In September 2014, the shareholders of Lucky Landmark and Fazal Textile Mills decided to dissolve Fazal Textile Mills by merging the Lucky One Project with Lucky Landmark (Private) Limited and integrating Fazal's textile operations with Gadoon Textiles Limited. [3]

In 2017, the mall was opened to the public. [4]

Facilities

It also includes an atrium, brand outlets and food court. The mall also features the indoor theme park Onederland, which consists of over 200 attractions across 2 levels. [5] [6]

It includes Carrefour, a large hypermarket offering a large variety of different grocery, household & electronic items. [7] There are other brands like Hush Puppies, Travel Mate, Servis Shoes, Stylo Shoes, Sputnik Footwear, Interwood Mobel, Bata Corporation, Gree Electric and more.

Residential towers

Lucky One Towers is a residential project under construction in Karachi, comprising eight buildings, each having 28 floors and a mall at podium level. [8]

See also

References

  1. "South Asia's largest mall, Lucky One selects LMKT to deploy GPON Solution". 18 January 2016.
  2. "Fazal Textile Mills Limited". Brecorder. April 30, 2014.
  3. 1 2 3 4 5 6 7 Naeem, Zain (April 22, 2024). "How the building of Lucky One Mall became a case study in the mistreatment of minority shareholders". Profit by Pakistan Today.
  4. "LuckyOne Mall grand opening held in Karachi | Pakistan Today". www.pakistantoday.com.pk. Retrieved 2019-09-22.
  5. "Samsung opens outlet at Lucky One Mall". The Nation. 2019-04-16. Retrieved 2019-09-22.
  6. "Samsung Pakistan Opens Premium Outlet at Lucky One Mall Karachi". PhoneWorld. 2019-04-15. Retrieved 2019-09-22.
  7. "Mall tourism set to take Karachi by storm". thenews.com.pk.
  8. "Mall tourism set to take Karachi by storm". thenews.com.pk.