Memorandum of understanding for the tenancy of Pier 8 and Gravit8
Mitraland Group recently signed a Memorandum of Understanding (MoU) with two key tenants Chi Fitness and Loudspeaker for its new maritime-themed, bespoke retail destination Pier 8 that is expected to be completed in Q1, 2020 together with Gravit8’s Phase 2A serviced apartments. Timbalan Yang Dipertua, Majlis Perbandaran Klang, Tuan Adi Faizal bin Ahmad Tamizi witnessed the ceremony which was held at the Gravit8 Sales Gallery.
Built adjacent to an 8 acre place making lake, a future focal point for Klang South, Pier 8 will be Klang’s latest sub-urban, trendy hotspot with unique, dynamic spaces for leisure, dining and entertainment for surrounding southern Klang communities. Located within Gravit8, a 15-acre freehold mixed-use development, Pier 8 will be a maritime food haven and Klang’s first seafood hub. It will also feature a first of its kind in Klang – an in-mall salt water aquarium which will showcase a variety of ocean life and double up as an occasional live underwater performance arena. The aquarium will also serve as an educational component where both children and adults can learn about fascinating marine life.
“Pier 8 will provide the perfect niche lifestyle retail space for the underserved Klang market. Our partners recognize the tremendous growth potential of the fast-growing southern Klang corridor thanks to a growing number of nearby townships such as Bandar Bukit Tinggi, Bandar Botanic, Bayuemas and Bandar Parklands. We believe it is this growth potential that has attracted both Chi Fitness and Loud Speaker to become our first key tenants. Pier 8, like its namesake, represents a safe harbour for tenants to showcase their products and services, a place for their trade to grow. After all, we are already connected to major highways and established amenities.” – Dato’ Johan Ariffin, Chairman, Mitraland Group.
Based on the market study carried out by Research Inc. in 2014, a total catchment of approximately 90,000 households, with a population of over 370,000 people and RM 2 billion in annual household retail expenditure, are currently within a 15-minute drive radius of Gravit8. There will be a substantial growth to the population and household income of the surrounding areas once the development is completed in 2020. The location is also expected to benefit from the proposed LRT 3 line extension that will be completed by August 2020. A lot of attention has been given to ensure that Pier 8 focuses on bringing family and friends together all under one roof. With a Nett Lettable Area (NLA) of approximately 150,000 square feet spread over two levels and 700 parking bays, Pier 8 will also feature interesting design elements including a maritime street walk which features al-fresco dining and a selection of gourmet F&B options, open air performance spaces and a wealth of lush landscaping. GDP Architects, an award winning architectural firm are responsible for the design of Pier 8.
“From the very start our goal was to cater to the improving lifestyles of Klang residents, offering everything from seafood dining to new lifestyle experiences. As a bespoke, neighbourhood retail space, Pier 8 has the opportunity to become a part of their daily lives. We want Pier8 at Gravit8 to be synonymous with great food, amazing ambiance coupled with an unforgettable experience. From the very start our goal was to cater to the improving lifestyles of Klang residents, offering everything from seafood dining to new lifestyle experiences. As a bespoke, neighbourhood retail space, Pier 8 has the opportunity to become a part of their daily lives.” – Chuah Theong Yee, Chief Executive Officer, Mitraland Group.
When combined with the larger Gravit8 masterplan, residents of Gravit8 and the surrounding areas will enjoy a vibrant lifestyle with incredible F&B fare. Gravit8 which has a Gross Development Value of RM 1.3 billion also consists of serviced apartments, speciality retail outlets, a mall, corporate offices, SoVos (i.e. small offices/versatile offices), and a 150 to 200 room boutique hotel. Gravit8 is a 10 to 15-minute drive from Kota Kemuning and is conveniently located along Jalan Klang-Banting, opposite the proposed Johan Setia LRT station. It is also next to the Shah Alam Expressway (Kesas) towards Port Klang; accessible by Federal Highway, North Klang Valley Expressway (NKVE), and South Klang Valley Expressway (SKVE).
About Mitraland Group
Besides offering visually impressive architecture, Mitraland Group understands that creating lifestyle offerings is the cornerstone of every successful project. Therefore, the company prides itself in offering buyers a sense of satisfaction and refinement once they step into any of Mitraland Group’s developments. Established in 1998, Mitraland Group is now a multi-award winning company whose projects are located in the Klang Valley. Current projects include Gravit8 at Klang South and Trivillion at Kajang East, in addition to the Group’s first foray overseas, Esque @ South Yarra in Melbourne. For further media enquires please contact:- Imran Clyde (012 219 8210) / Anne Lourdes (019 465 2169), or simply drop us an email at:- email@example.com ; firstname.lastname@example.org