KL Northgate Sdn Bhd together with MCC Group, Wyndham Hotel Group, and Wonderbucks Bhd signed Memorandums of Understanding (M.O.U) respectively in birth of the Paragon@KL Northgate mall. As part of a 14.3-acre mixed development project in the heart of Selayang, Paragon@KL Northgate will become a landmark in the area as the single, largest regional mall in Northern Kuala Lumpur.
The signing ceremony witnessed the signing of M.O.U for the construction and completion of KL Paragon Mall and The Paragon Boulevard between Managing Director of KL Northgate Sdn Bhd, Dato Ng Aun Hooi, Executive Director of KL Northgate Sdn Bhd, Ng Yin Meng, and representatives of MCC Group: Deputy General Manager of MCC Overseas Co. Ltd, Yang Ruobing and Project Management Department Manager of MCC Overseas Co. Ltd, Xu Xiaochun; The signing of M.O.U between Dato Ng Aun Hooi and Ng Yin Meng of KL Northgate Sdn Bhd and the Vice President of Wyndham Hospitality Group, David Wray; and The signing of M.O.U between KL Northgate Sdn Bhd with Chairman of Asean Legal Alliance, Dato Seri Matthew Yeoh together with Managing Director of Wonderbucks Sdn Bhd, Chung Han Bon which operates a property online platform called Wonderlink Property.
Seizing the prospect of an underserved market as there are no large scale malls within the area to meet the demand of the surrounding population, Paragon@KL Northgate is positioned to tap into the huge market of northern Klang Valley. The area has an immediate market catchment of 2.5 million residents with middle/upper-middle class making up 59 per cent of the area’s population.
Located along Jalan Kuching with a net lettable space of 1.6 million square feet, KL Northgate Sdn Bhd is currently in negotiations to secure strong anchor tenants of a superstore retailing giant, an established supermarket chain, a popular KTV chain, as well as numerous well-known international fashion brand retailers. Meanwhile, well-known super-departmental store retailers, Sogo and Parkson, cinema operator Golden Screen Cinema (GSC), and leading home and living concept store HomePro are the secured tenants.
More than just a shopping mall, Paragon@KL Northgate sets itself apart by not only providing diverse retail choices, but is an integration of shopping, entertainment, dining and leisure activities under one roof. The components of the development include serviced suites, 3 international 4-star hotel chains of Wyndham Paragon All Suites, Ramada Paragon Hotel, and Howard Johnson Hotel & Service Suites, a 30-lane bowling alley, a hologram concert hall, an indoor water theme park, virtual reality game park, ice skating rink and a natural hot spring resort.
The highlight of the mall is the Virtual Reality (VR) Game Park that will take the major theme and amusement parks in Malaysia by a storm. Paragon@KL Northgate have earmarked 120,000 sq ft to build the largest ever the VR Game Park in Malaysia. KL Northgate Sdn Bhd has planned to invest no less than RM100million to roll out a new concept of theme park with VR and AR (Augmented Reality) platform to bring family entertainment to new heights .
This collaboration will involve leading VR industry players worldwide to participate in various fields such as Educational and Simulation ride, as well as interactive games to project a new dimension of entertainment.
Paragon@KL Northgate is expected to complete in the 1st Quarter 2019 and will be easily accessible via numerous key roads and highways of Jalan Kuching, Jalan Rawang, and Middle Ring Road 2 (MMR2).