Klang – Mitraland Group is proud to introduce new tenants who are committed to open their stores in Pier8 in the next few months. This is a momentous event as we open the mall to the Gravit8 community as was planned for this township.
We have meticulously curated a tenant mix plan, ensuring a well-balanced blend of F & B establishments, convenience stores, services, household offerings, and a prominent, well-established supermarket.
This distinctive alfresco-style development has attracted HeroMarket, one of the most successful middle-market grocery chains in the country. In alignment with our vision to provide exceptional value, a diverse range of products, and unwavering service excellence, Hero Market in Pier8 will showcase three additional brands under its group: Mana Lagi Kopitiam, Levure, and Manchu Butcher Shop.
These offerings are specifically tailored to cater to the needs of our community and catchment profile. The supermarket is scheduled to open its doors in January 2024, just in time for the New Year.
In addition to HeroMarket, fast-food operators like KFC have already established their presence here since 2020. Our retail advisors, Allan Soo RE Consultants, are actively engaging in discussions with major operators, including restaurants, cafes, pet shops, convenience stores, and furniture outlets for the mall.
The Mustika, an exciting addition to Pier8, has recently opened its doors, offering a versatile venue for weddings and events. This exceptional tenant caters to those seeking to host special occasions in a picturesque and modern setting, whether it be weddings, corporate events, or social gatherings.
The Mustika stands as a premium venue, promising unforgettable experiences and elevating Pier 8 to a pinnacle of luxury and sophistication, making it the ultimate choice for those celebrating life’s special moments in style.
Despite the challenges posed by the COVID-19 pandemic, we are delighted to announce that our development was completed and handed over on schedule. Residents have been moving in since 2021, and the four completed residential towers are currently 85% occupied. This alluring lifestyle residential address unquestionably draws upgraders from neighboring areas, particularly young urban professionals and families.
Pier8 is an integral part of the 15-acre Gravit8 township, which, upon full completion, will house a lifestyle mall and serviced residences. Gravit8 has been carefully designed as a fully self-sustained lifestyle hub, overlooking a central lake and comprising four residential towers with 1,200 units.
The second phase is nearing completion, adding another 600 units of high-end condominiums. The final phase of this township is set to launch in October 2023. When fully realized, Gravit8 will stand as one of the premier developments in Klang, boasting a total population of more than 8,000, supported by a park, lake, and over 40 retail and commercial establishments.
Pier8 serves as the lifestyle retail precinct of Gravit8, encompassing a total Net Lettable Area of 150,000 square feet across two thoughtfully designed floors. The facilities include 700 parking bays. Pier8 boasts distinctive architectural features, including iconic elements like a maritime street walk, al-fresco dining, gourmet F&B options, open-air performance spaces, and lush landscaping.
Strategically located along the Shah Alam Expressway (KESAS) and in proximity to the Federal Highway, Pier8 enjoys excellent connectivity to the southern corridor of the Klang Valley. It is easily accessible from well-established neighborhoods such as Kota Kemuning, Klang, Shah Alam, Subang Jaya, Banting, and Petaling Jaya.
In the long term, the value of any investment here is expected to appreciate as it will be served by two upcoming LRT stations nearby, including Bukit Tinggi LRT station and Johan Setia LRT Station. Today marks a significant milestone as Pier8 prepares to unveil a meticulously planned boutique mall, catering not only to Gravit8 residents but also to those within a 15-minute drive-time radius of the mall.
Our research indicates a compelling opportunity for retailers, given the mall’s support from a catchment population of 110,364 within a 10-minute drive-time zone and a total of 250,239 within 15 minutes. The average household income in the primary catchment area within a 10-minute drive-time is RM8,937 per month, placing it within the M40 middle-income bracket.
Pier8’s market positioning is tailored to match this income level and lifestyle. Leveraging this impressive catchment size, its demographic profile, and the immense potential of the Klang market, our unique tenant mix, comprising restaurants, cafes, convenience stores, and home & living retailers, has been strategically crafted to carve a distinct niche in the Klang region.
Our offerings are finely tuned to cater to the discerning younger demographic, individuals who value quality, affordability, and ambiance—Pier8 aims to deliver all of this and more.