MILAN, April 27 (Reuters) - The owners of Italian telecommunications companies FiberCop and Open Fiber are discussing the terms of a possible commercial deal to complete the country's high-speed broadband rollout, three sources close to the matter said.
Strategic location: An artist’s impression of the upcoming AEON Mall KL Midtown, located alongside office towers, residential units and the Hyatt Regency Kuala Lumpur . AEON Co Bhd is set to introduce AEON Mall KL Midtown, further strengthening its presence in Malaysia’s retail landscape.
The mall, scheduled to open in the fourth quarter of this year, will form part of KL Metropolis, a 30.3ha mixed-use development in Kuala Lumpur city centre. Offering approximately 367,000 sq ft of net lettable area , AEON Mall KL Midtown sits alongside office towers, residential and the Hyatt Regency Kuala Lumpur within the KL Midtown development. The project reflects the growing preference for mixed-use developments, enhancing convenience and accessibility for surrounding communities and businesses.
Strategically positioned near the established Mont Kiara, Hartamas and Dutamas catchments, AEON Mall KL Midtown is expected to serve a well-established demographic comprising professionals, residents, expatriates and visitors. An artist’s impression of the interior of AEON Mall KL Midtown, which will feature a mix of retail, dining and lifestyle offerings. The presence of the five-star Hyatt Regency Kuala Lumpur at KL Midtown in the same area further strengthens the location’s appeal.
It complements the surrounding offices and residences, creating a well-supported catchment. Together, these components are expected to generate steady footfall driven by multiple demand sources. The mall is planned with a balanced mix of retail, dining and lifestyle offerings designed to meet everyday needs while incorporating experiential elements that contribute to a more engaging setting. Complementing the overall concept is a 0.61ha rooftop linear park, introducing open green space that enhances the appeal of the destination.
The key anchor tenant will be the AEON supermarket, while other major tenants will be announced in the coming months as leasing progress continues to advance. AEON Mall KL Midtown also benefits from strong accessibility via major highways, including the Sprint Highway, Duta-Ulu Kelang Expressway , New Klang Valley Expressway and Penchala Link, improving connectivity from key residential and commercial areas across the Klang Valley.
Accessibility is expected to be further enhanced by the linked MRT3 station once it becomes operational, as well as a proposed link bridge connecting the project to the Malaysia International Trade and Exhibition Centre , improving connectivity within the KL Metropolis development. Seko notes that the new mall reflects the company's evolving retail approach to meet consumers' growing desire for quality leisure and dining experiences.
According to AEON managing director Tsugutoshi Seko, the project reflects the company’s continued efforts to evolve its retail approach in line with changing market expectations and development trends.
“Consumers today increasingly value destinations where they can spend quality time, whether through dining, socialising or leisure activities. “Beyond meeting retail needs, we aim to contribute positively to the surrounding community by creating spaces that support everyday convenience and encourage people to connect. “As our first mall within a project of this scale, it marks a meaningful step forward as we continue to refine how our malls create value for customers, partners and the communities around us.
” AEON Mall KL Midtown is the company’s 28th mall in Malaysia. The development is expected to enhance the retail offering within KL Metropolis, contributing to a more diverse mix of commercial and lifestyle options in the city centre.
Starpicks AEON Co (M) Bhd AEON Mall KL Midtown KL Midtown Development Hyatt Regency Kuala Lumpur KL City Centre Mixed Development Klang Valley Retail MRT3 Mixed-Use Development KL
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