KL Festival City
| Location | Kuala Lumpur, Malaysia |
|---|---|
| Opening date | 20 October 2011 as KL Festival City 5 October 2015 as Setapak Central |
| Developer |
Parkson Holdings (2011 - 2014) AsiaMalls Sdn Bhd (2014 - present) |
| Owner |
Parkson Holdings (2011 - 2014) AsiaMalls Sdn Bhd (2014 - present) |
| No. of stores and services | 250+ |
| No. of anchor tenants | 3 |
| Total retail floor area | 487,342 sq ft |
| No. of floors | 4 |
| Website | Official website |
Coordinates: 3°12′13.90″N 101°43′15.6″E / 3.2038611°N 101.721000°E
Setapak Central, previously known as KL Festival City, is a shopping mall located along Jalan Genting Klang in Kuala Lumpur, Malaysia. It is situated in Danau Kota, a township in Setapak.
KL Festival City was constructed on an 8 acres land at a cost of RM 215 million by Parkson Holdings (PHB) and opened its doors on 20 October 2011 with the grand opening held on 9 March 2012. The opening of KL Festival City also marks a new milestone for PHB with its entry into shopping mall management. Since then, it has become a new landmark at Jalan Genting Klang and popular spot amongst students and families from nearby colleges such as Tunku Abdul Rahman University College and neighbourhoods.
In August 2014, PHB announced the disposal of KL Festival City for RM 349 million cash as the mall was deemed too small for Parkson's expansion plan to construct premium shopping malls with a net lettable area of 1 million sq ft. In a statement to Bursa Malaysia, Parkson said the disposal would result in a gain of about RM 110 million. Under the sales and purchase agreement, PHB agreed to sell KL Festival City to Festiva Mall Sdn Bhd, which is wholly owned subsidiary of AsiaMalls Sdn Bhd.
On 5 October 2015, the mall changed its name to "Setapak Central" as it seeks to create "an engaging shopping and lifestyle experiences in the Setapak neighbourhood". Apart from that, the retail philosophy of Setapak Central is "to have a good enough mall for the people of Setapak so they need not drive to (the city centre of) Kuala Lumpur".
Setapak Central consists of more than 250 stores that spans across four levels with Parkson, MBO Cinemas and Econsave being the anchor tenants of the mall.
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