Fahrenheit 88 Explained

Fahrenheit 88
Native Name:华氏/飞轮海88
Location:179 Jalan Gading, Bukit Bintang, Kuala Lumpur, Malaysia
Mapframe-Wikidata:yes
Mapframe-Zoom:15
Coordinates:3.1475°N 101.7125°W
Previous Names:KL Plaza
Manager:Kuala Lumpur Pavilion Sdn Bhd
Owner:Makna Mujur Sdn Bhd, a subsidiary of Pavilion International Development Fund Ltd
Number Of Stores:280
Floor Area:300000square feet
Floors:5 + 3 lower grounds
Publictransit: Bukit Bintang MRT station
Bukit Bintang Monorail station

Fahrenheit 88 (previously known as KL Plaza) is a shopping centre in Bukit Bintang, Kuala Lumpur, Malaysia. The Fahrenheit 88 building reopened in August 2010 after extensive renovation. Management and leasing of the shopping centre are handled by the same company that manages the Pavilion Kuala Lumpur shopping centre.

History

The Fahrenheit 88 building was previously known as KL Plaza (shopping centre) and owned by Berjaya Leisure Berhad, a company of the Berjaya Group.

One of the Malaysian outlets of French department store chain Printemps was located here. Earlier the outlet wanted to discontinue its operations at KL Plaza in September 1986 due to the lack of long-term viability.[1]

Mun Loong had its flagship outlet at KL Plaza,[2] opened in 1987. Occupying a space of 90000square feet, the outlet closed in mid-1996 due to Mun Loong being "unfavourable" with the new terms of KL Plaza's lease renewal.[3]

In 2007, Berjaya Group disposed of the KL Plaza building for a total consideration of RM470 million to the Pavilion Group. The sale consisted of the 5-storey shopping podium for RM425 million and 59 units of flats located on top of the shopping centre for RM45 million.[4]

In early 2010, a publicity exercise was embarked by the Pavilion team, with major local press reporting on the rebranding of the building as Fahrenheit 88, a name reflecting the average temperature in Malaysia (31.1 C). Building renovation works, already underway at that time and reportedly to cost RM100 million, were intended to entirely change the interior and exterior of the old and outdated building, with entrances repositioned and glass facades added, allowing ample natural light to illuminate the interior.[5] [6] [7] [8] [9]

See also

Notes and References

  1. News: Larut Tin clarifies situation at Printemps KL Plaza . 28 June 2024 . Business Times (Singapore) . 9 March 1987.
  2. News: Mun Loong says Lot 10 opening will boost activity . Business Times (Singapore) . Bernama . 6 September 1990.
  3. News: Anchor tenant Mun Loong to pull out of KL Plaza . The Straits Times . 5 June 1996.
  4. News: B Land to sell units in KL Plaza for RM470.55m . . 16 August 2007 . dead . https://web.archive.org/web/20110621233327/http://www.dailyexpress.com.my/news.cfm?NewsID=52065 . 21 June 2011 . dmy .
  5. News: KL Plaza gets new name and look. The Edge. 11 January 2010. 10 June 2010. 7 November 2010. https://web.archive.org/web/20101107043318/http://www.theedgeproperty.com/news-a-views/1325-kl-plaza-gets-new-name-and-look.html. dead . Wong King Wai, Lam Jian Wyn.
  6. News: RM100m facelift for KL Plaza. Business Times. 12 January 2010 . Vasantha Ganesan.
  7. News: Fahrenheit 88 to replace KL Plaza . The Edge . 12 January 2010 . dead . https://web.archive.org/web/20100225130605/http://www.theedgemalaysia.com/in-the-financial-daily/157281-fahrenheit-88-to-replace-kl-plaza.html . 25 February 2010 . dmy .
  8. News: Turning up the heat in Bukit Bintang . . 14 January 2010 . dead . https://web.archive.org/web/20100116221245/http://thestar.com.my/metro/story.asp?file=%2F2010%2F1%2F14%2Fcentral%2F5457665&sec=central . 16 January 2010 . dmy . Christina Low .
  9. News: Fahrenheit 88 to be mercurial landmark in Bukit Bintang . The Sun . 18 January 2010 .