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Innovative retail concept at KLIA2 attracts high rental rates

June 22, 2012

KUALA LUMPUR: Commercial operators have shown keen interest in Malaysia Airports Holdings Bhd’s (MAHB) call for tender for all four phases of commercial space at KLIA2.

MAHB senior general manager (commercial services), Faizah Khairuddin, said the airport operator received overwhelming response to the tender briefing sessions with over 1,600 interested parties including retailers, food and beverage and service operators attended the sessions.

“The overwhelming response was due to MAHB’s new concept of innovative retailing at KLIA2,” she said in a statement today.

She said phase one of the tender exercise also delivered additional revenue by some 80% over and above the expected rental for KLIA2.

“Based on the overall tender submission, the average rental ranges from RM300-RM1,050 per sq metre per month. In some cases, we received rental submission that was as high as over RM2,000 sq m per month.

“This demonstrates the confidence that commercial operators have in the potential growth and business viability at KLIA2, with its innovative retailing concept,” Faizah said.

MAHB said the tender briefings were conducted in phases with 133 different opportunities made available.

She said the successful bidders for phase one would be announced early next month and they will be notified by post.

“We received over 170 tender submissions for phase one. We are very pleased with the tender results as it epitomises our travel retail aspirations for KLIA2.

“The brands and products proposed by the successful bidders were also perfected by creative concepts, originality and engagement – values that are synonymous with the KLIA2 retail brand principles,” she added.

Meanwhile, Faizah said tender documents for phase four can still be purchased until June 25 and the deadline for submission is at 3pm on July 2.

- Bernama


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