MyTOWN Shopping Centre has achieved a remarkable 98% occupancy rate following the entry of 27 new tenants in the first half of 2024, as announced in a press statement dated August 12. This milestone reflects the shopping centre’s growing appeal as a prime destination for lifestyle retail, dining, and entertainment in Kuala Lumpur.
New Tenants Boost Retail Mix
The new tenants that have joined MyTOWN include notable brands such as Victor Malaysia, Infinity by DeGem, Alha Alfa, HONOR, Famous Amos, Bask Bear Coffee & Toasties, Coffee Bean & Tea Leaf, Signature Kitchen, Baseball Cage, and Aplus Go Babyland. These additions have enhanced the shopping centre’s diverse retail offerings, catering to a wide range of shopper preferences.
A Commitment to Creating a Dynamic Meeting Place
In the statement, MyTOWN general manager Mohd Azhan Che Mat expressed enthusiasm about the shopping centre’s evolving tenant mix. “With the introduction of new lifestyle retail, dining, and entertainment, MyTOWNKL is becoming the ideal meeting destination for shoppers to socialise and connect in the city centre. We remain committed to constantly evolving and improving our meeting place offer,” he said.
He further emphasized the importance of sustainability and creating the right tenant mix to stay relevant in the competitive retail landscape. “We continue to invest in a sustainable way to create a space for the right tenant mix so that we stay relevant to the ever-changing needs of our shoppers,” he added.
Positive Sales Performance
The statement also highlighted that MyTOWN experienced a 15% increase in tenants’ sales in 1H2024 compared to the previous year. This growth underscores the successful strategy of attracting high-quality tenants and delivering a compelling shopping experience. “With the support from our valued business partners, we are confident that we will be able to continue accomplishing positive performance for this year,” said Mohd Azhan.
Future Growth and New Tenants
Looking ahead, MyTOWN Shopping Centre, which boasts a total retail space of 1.6 million sq ft, is set to welcome more tenants in the coming months. Upcoming additions include prominent brands such as OPPO, JD Sports, Mi, Hong Men Palace, and Simply Home, further solidifying MyTOWNKL’s position as a leading retail destination in Kuala Lumpur.
As MyTOWN continues to expand its tenant mix and enhance its offerings, it remains committed to providing a vibrant and dynamic space where shoppers can enjoy a diverse range of experiences.
