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Fahrenheit 88

Shopping mall in Bukit Bintang, Kuala Lumpur, Malaysia

Field	Value
name	Fahrenheit 88
native_name	华氏/飞轮海88
image	Fahrenheit 88.jpg
location	179 Jalan Gading, Bukit Bintang, Kuala Lumpur, Malaysia
mapframe-wikidata	yes
mapframe-zoom	15
coordinates
opening_date
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	300,000 sqft
floors	5 + 3 lower grounds
website
publictransit	Bukit Bintang MRT station
Bukit Bintang Monorail station

| mapframe-wikidata = yes | mapframe-zoom = 15 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.

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

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.

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time and reportedly to cost RM100 million, were intended to entirely change the interior and exterior of the old and outdated building, with entrances repositioned and glass facades added, allowing ample natural light to illuminate the interior.

References

(9 March 1987). "Larut Tin clarifies situation at Printemps KL Plaza". Business Times (Singapore).
(6 September 1990). "Mun Loong says Lot 10 opening will boost activity". Business Times (Singapore).
(5 June 1996). "Anchor tenant Mun Loong to pull out of KL Plaza". The Straits Times.
(16 August 2007). "B Land to sell units in KL Plaza for RM470.55m". [[Daily Express (Malaysia).
Wong King Wai, Lam Jian Wyn. (11 January 2010). "KL Plaza gets new name and look". The Edge.
Vasantha Ganesan. (12 January 2010). "RM100m facelift for KL Plaza". [[Business Times (Malaysia).
(12 January 2010). "Fahrenheit 88 to replace KL Plaza". The Edge.
Christina Low. (14 January 2010). "Turning up the heat in Bukit Bintang". [[The Star (Malaysia).
(18 January 2010 }}{{dead link). "Fahrenheit 88 to be mercurial landmark in Bukit Bintang". The Sun.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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