The site where the colonial-era Pudu jail was will be transformed into a world-class integrated development by 2020.
- Retail mall, entertainment hub, hotels, offices, serviced apartments, luxury residences
- First LaLaport branded shopping mall in South-east Asia
- Construction to begin soon
- Completion of half of the project by December 2020
Located on a 7.85-hectare site on what was the old Pudu Jail, the Bukit Bintang City Centre (BBCC) is worth RM8.7 billion in gross development value.
BBCC comprises a retail mall, an entertainment hub, a four-star hotel, two blocks of strata offices, and five blocks of serviced apartments, as well as an 80-storey three-in-one signature tower housing corporate offices, which has a five-star hotel and luxury residences.
Japan’s leading real estate group, Mitsui Fudisan Co Ltd, will invest in the mega project’s RM1.6 billion retail mall.
Mitsui Fudosan is no stranger to Malaysia, having developed the first Mitsui Outlet Park near the KL International Airport in partnership with Malaysia Airports Holdings Bhd.
The retail mall will be established, owned, managed and operated by joint-venture company MFBBCC.
MFBBCC was established after BBCC entered into a joint venture with Mitsui Fudosan Asia last October.
Mitsui Fudosan Asia owns half of the shares in the joint venture company with the remaining 50% owned by shareholders BBCC Development Sdn Bhd, UDA Holdings Bhd, Eco World Development Group Bhd and the Employees Provident Fund Board.
The Mitsui Shopping Park LaLaport retail project will have a built-up area of 1.4 million sq ft.
It will be the first LaLaport branded shopping mall in South-east Asia and Mitsui Fudosan Asia’s flagship project in the region.
Construction work for both BBCC and Mitsui Shopping Park LaLaport KL is set to begin soon.
The first phase, involving 50 percent of the project, is scheduled for completion by December 2020.
Prime Minister Datuk Seri Najib Tun Razak officiated the ground-breaking ceremony for the project this morning.