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Rent rises set new challenges for Kuala Lumpur retailersRent rises set new challenges for Kuala Lumpur retailers
Tina Milton
15-Oct-2005
Malaysian retailers are taking a philosophical approach to the imminent doubling of rental fees by landlord Malaysia Airports at Kuala Lumpur International airport (KLIA)
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Malaysia Airports has used a formula based on performance, location, product category—whether core or non-core—and size to calculate rent levels at KLIA. Now it has been privatised and listed on
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(15-Oct-2005) - MALAYSIA. Retailers at Kuala Lumpur International airport (KLIA) are facing rent increases of more than double the existing rate
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(1-Jul-2001) - MALAYSIA. Airport authority Malaysia Airports has granted all leading duty-free retailers at Kuala Lumpur International airport (KLIA) two-year extensions. Initial three-year contracts, which began when KLIA opened in mid-1998, expired last month. Since then, two-year extension options, similar to the arrangement at Singapore Changi airport, have taken effect.
(15-Feb-2006) - MALAYSIA. Retailers at Kuala Lumpur International airport (KLIA) have signed five-year contract extensions with Malaysia Airports despite the airport authority's decision to implement dramatic rent increases. Charges have almost doubled in some categories