Setapak Central

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Setapak Central
Setapak Central (220124) 01.jpg
Setapak Central and Xetapark Service Condominiums above
Setapak Central
Location Kuala Lumpur, Malaysia
Coordinates 3°12′13.90″N101°43′15.6″E / 3.2038611°N 101.721000°E / 3.2038611; 101.721000 Coordinates: 3°12′13.90″N101°43′15.6″E / 3.2038611°N 101.721000°E / 3.2038611; 101.721000
Opening date20 October 2011;10 years ago (2011-10-20) as KL Festival City
5 October 2015;6 years ago (2015-10-05) as Setapak Central
Developer Parkson Holdings
(2011 - 2014)
AsiaMalls Sdn Bhd
(2014 - present) [1]
Owner Parkson Holdings
(2011 - 2014)
AsiaMalls Sdn Bhd
(2014 - present) [1]
No. of stores and services250+
No. of anchor tenants 3
Total retail floor area 487,342 sq ft (45,275.6 m2) [2]
No. of floors4 [3]
Website www.setapakcentral.com.my

Setapak Central, previously known as KL Festival City, is a shopping mall located along Jalan Genting Klang in Kuala Lumpur, Malaysia. It is situated in Danau Kota, a township in Setapak.

Contents

History

KL Festival City was constructed on an 8 acres (3.2 ha) land at a cost of RM 215 million by Parkson Holdings (PHB) and opened its doors on 20 October 2011 with the grand opening held on 9 March 2012. [4] The opening of KL Festival City also marks a new milestone for PHB with its entry into shopping mall management. [5] Since then, it has become a new landmark at Jalan Genting Klang and popular spot amongst students and families from nearby colleges such as Tunku Abdul Rahman University College and neighbourhoods. [6]

In August 2014, PHB announced the disposal of KL Festival City for RM 349 million cash as the mall was deemed too small for Parkson's expansion plan to construct premium shopping malls with a net lettable area of 1 million sq ft. [2] In a statement to Bursa Malaysia, Parkson said the disposal would result in a gain of about RM 110 million. Under the sales and purchase agreement, PHB agreed to sell KL Festival City to Festiva Mall Sdn Bhd, which is wholly owned subsidiary of AsiaMalls Sdn Bhd. [1]

On 5 October 2015, the mall changed its name to "Setapak Central" as it seeks to create "an engaging shopping and lifestyle experiences in the Setapak neighbourhood". [7] [8] Apart from that, the retail philosophy of Setapak Central is "to have a good enough mall for the people of Setapak so they need not drive to (the city centre of) Kuala Lumpur". [9]

Tenants

Centre Court of Setapak Central Setapak Central interior (220124) 01.jpg
Centre Court of Setapak Central
Econsave at the ground floor Econsave Setapak Central (220124).jpg
Econsave at the ground floor

Anchor Tenants

Setapak Central consists of more than 250 stores that spans across four levels with Parkson, MBO Cinemas and Econsave being the anchor tenants of the mall. [10]

Key Tenants

Some of the key tenants in the mall include Swedish fashion retailer H&M, Australian fashion chain Cotton On, Superstar Karaoke, TBM Electrical, Home's Harmony, Daiso, Kaison, The Coffee Bean & Tea Leaf, Texas Chicken and more. [3]

Transport

Setapak Central is easily accessible via MRR2, DUKE and Jalan Genting Klang. The mall is just 8-minute driving distance away from Wangsa Maju LRT station. [11]

RapidKL Buses

Setapak Central is accessible via the following rapidKL buses.

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References

  1. 1 2 3 "Parkson unit sells KL mall for RM349mil". The Star. 20 August 2014. Retrieved 1 November 2015.
  2. 1 2 "PARKSON HOLDINGS BERHAD - Disposal of KL Festival City Mall". investor.com. 20 August 2014. Retrieved 1 November 2015.
  3. 1 2 "Setapak Central - Directory". Setapak Central. 11 June 2017. Retrieved 11 June 2017.
  4. ↑ "Parkson Holdings - Opening New Mall in Melaka". investor.com. 4 September 2012. Retrieved 1 November 2015.
  5. ↑ "Lion Today - Vol. 24 No.2" (PDF). Parkson Holdings. 1 March 2012. Retrieved 1 November 2015.
  6. ↑ "Jalan Genting Klang's proximity to city makes it popular for development". The Star. 31 July 2014. Retrieved 1 November 2015.
  7. ↑ "Setapak Central's Facebook statement". Setapak Central. 4 October 2015. Retrieved 1 November 2015.
  8. ↑ Setapak Central's official website
  9. ↑ "Fresh start for mall in Setapak". The Star Online. 9 November 2015. Retrieved 29 November 2015.
  10. ↑ "Setapak Central - About Page". Setapak Central. 11 June 2017. Retrieved 11 June 2017.
  11. ↑ "Setapak Central's Facebook Page - About Page". Setapak Central. 11 June 2017. Retrieved 11 June 2017.


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