Headline

 



HomePro expands in Malaysia, second store will anchor TTDI Gateway development

Thailand's HomePro signed a 32-year lease to anchor TTDI Gateway development in Shah Alam. Thailand's HomePro signed a 32-year lease to anchor TTDI Gateway development in Shah Alam.

Property owners and home decor enthusiasts can look forward to a massive home retail experience with the setting up of a RM60 million flagship store by a renowned home improvement company from Thailand.

Home Product Centre (M) Sdn Bhd’s (HomePro) new store will sit on a 1.63-hectare site in Shah Alam which has been leased from local property developer Naza TTDI Sdn Bhd for 32 years.

HomePro managing director Anuchar Jitjaturunt said the flagship store would boast of more than 5,000 home products.

Anuchar added the collaboration with Naza TTDI would cater to the needs of home product buyers, not only for Shah Alam but also those in the Petaling and Klang districts.

“We hope to provide a one-stop shop for all homes in Malaysia by offering value for money in home improvement products and services.

“We opened our first store in IOI City Mall, Putrajaya, last year and we hope to open many more stores in (the) future,” he said after signing the extended store lease agreement.

The strategic location of HomePro’s second store in Malaysia, which is built within Naza TTDI’s RM2.5 billion TTDI Gateway development, will add value to the developer's vision of making TTDI Gateway a thriving integrated hub.

TTDI Gateway's HomePro store will be built at the cost of RM60 million and the construction work is expected to start in the first quarter of next year, with a target opening at the end of the same year.

Anuchar said the sales area would occupy 9,290 square metres of the 26,012-square metre built-up area.

Buoyed by high acceptance from customers towards its first store, he said HomePro is optimistic of the success of its TTDI Gateway's store.

He said HomePro registered RM30 million in sales in the first six months of the opening of its first store and is targeting RM60 million in sales this year.

HomePro entered the Malaysian market at the end of last year, and the company plans to open up to 12 stores within the next five years with a total investment of RM500 million.

Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin said the presence of HomePro, Thailand’s leading home improvement store, marked the first international collaboration in TTDI Gateway.

“It will be an important boost to the development and is in line with TTDI Gateway’s aspiration to become an international lifestyle hub in Shah Alam,” he said at the signing ceremony of the lease.

Spanning over a 15.7-hectare site in Section 13, Shah Alam, TTDI Gateway will be developed in three phases, consisting of offices, service apartments, a retail mall, a hotel, shop outlets and al-fresco riverfront outlets and it is slated for completion by 2020.

The first phase of TTDI Gateway is called TTDI Sentralis, which is sprawled over 8 acres. It was launched last year and the first phase of the development, comprising business suites and retail units, had received overwhelming response.

TTDI Sentralis is currently selling its small office, versatile office (SoVo) block and will launch the Vistaz service apartments component soon.

A pedestrian walkway will be built to connect to the adjacent Giant Hypermarket and a covered pedestrian bridge will be built over the riverfront to connect the HomePro store and Phase 2 of the development.

A totally self-sustained township and business hub, it would be supported with good accessibility infrastructure with the upcoming LRT Line 3 station, which is just a short walking distance to TTDI Sentralis.

Meanwhile, Naza TTDI recently commenced business from its new corporate headquarters in nearby Section 13, Shah Alam.

The property arm of the Naza Group, is currently developing three key projects in the Selangor state, including the 208-acre township of TTDI Alam Impian, the 113-acre township of TTDI Grove Kajang and TTDI Gateway.

 

- The Star Metro, 27 July 2015.

Rate this item
(1 Vote)

xxxlogo

At PTLM, everything we do is with integrity, commitment and innovation as to facilitate information dissemination so that you could make well-informed decision.

 

Subscribe With Us


Invalid Input

Most Popular

Recent News

Our Gallery