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K11 ECOAST, Shenzhen, China Developer New World Development Company
Phoenix Grand Victoria, Kolkata, India Developer, Phoenix Mills
ASIA
Soft opened in September last year, the M8 revitalisation project harbour, it comprises several key components: the cultural retail land- performances, highlighting how Essensai067 offers more than just atrium anchoring the heart of the project and The Sanctuary, a heal-
in Macau, China by developer China Construction Engineering mark K11 ECOAST, the multi-functional cultural space K11 Cultural shopping. From yoga and wellness programs to vibrant social events, ing space with lush roof terraces for visitors to relax and unwind. The
(Macau) Company Limited aims to make a positive contribution to Centre, the next-generation office space K11 ATELIER and the coastal Essensai067 is designed to become a cultural hub for the neighbour- project aims to achieve the highest possible sustainability ratings and
cultural tourism within the city. The development revolves around promenade. hood’s 26,000 apartments and growing population. is expected to complete in 2029.
creating a harmonised mixed-use urban cultural quarter that will Phoenix Mills, India’s largest mall operator, plans to expand its Ingka Centres, part of Ingka Group, which also includes IKEA The new social heart of Kuala Lumpur, The Exchange TRX is a
serve as a contemporary lifestyle retail and cultural destination. retail portfolio from 11.5 million square feet to over 14 million square Retail, has announced the development of Lykli Noida, the company’s dynamic retail and lifestyle destination seamlessly integrated within
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With the objective of attracting visitors from both regional and feet by 2027 and 18 million square feet by 2030. The growth will be second meeting place in India and a significant step forward to evolv a 10-acre public park. Launched in November 2023 by developers
international, this new destination will offer diverse opportunities driven by new developments in cities such as Kolkata, Surat, Coim- ing organised retail in the country. The new Ingka Centres complex Lendlease and TRX City Sdn Bhd and with architectural work by
to enhance Macau’s role as a co-creating hub for the promotion of batore, Thane and Chandigarh. Phoenix Mills also aims to add four represents an investment of INR 5,500 crores and is expected to gener- Leonard Design Architects, it represents the future of experiential
cultural tourism in the neighbourhood. Taking inspiration from hundred thousand square feet to its Lower Parel property within two ate over 9,000 jobs for the many people of Uttar Pradesh. Scheduled to retail, sustainable urban living and vibrant cultural expression. Part
the rich heritage and stories of the past, the nine-storey-high retail years. The company is currently working on three new projects, one open in a few years in 2028, Lykli Noida will be the first Ingka Centres of the 17-acre lifestyle quarter of TRX, The Exchange TRX brings
destination will provide quality-crafted experiences that evoke an of which is Phoenix Grand Victoria in Alipore, Kolkata. The project complex worldwide to include a hotel and is expected to attract over international placemaking and sustainability standards to Malaysia,
authentic sense of place. The spatial layout will take cues from Macau’s was announced in 2021 while the construction started in 2023. The 25 million visitors annually. Lykli Noida represents a new era of retail strategically located in the nation’s first dedicated international finan-
local heritage buildings and feature an open-plan hall that encourages mall is planned to be based on a 7.48 acre area with one million square destinations in the Delhi national capital region (NCR). Anchored by cial district. The large-scale experience-led destination encompasses
interaction among visitors and activities. The central escalator hall feet of retail area in its first phase, which is on course to open in 2026. an IKEA store, the complex will spread across 47,833sq m and is one of retail, Malaysia’s first Kimpton Hotels & Restaurants that is connected
will connect each level, facilitating connectivity between shops, events, Along with retail shops, the mall will contain a multiplex, food court, the biggest retail projects in Delhi NCR. The project’s overall form is to the TRX City Park, six premier residential towers, a low-rise large
exhibitions and restaurants. On the rooftop garden, guests will be able gaming and entertainment space and a wellness centre. There will be inspired by the concept of confluence. The two towers are positioned to floor plate campus-style office and a dedicated Marr Rapid Transport
to not only enjoy views of Macau’s local streets, but also participate in 1,834 underground parking spaces. face and mirror the confluence of the train lines at the site, making the station. The first part of the development is currently being completed
diverse events promoting cultural exchange and celebration. Set in the thriving neighbourhood of Bangalore and developed by project a symbol of the continuous flow of people migrating to Noida in stages up until 2027 before moving onto plot two.
The K11 ECOAST Cultural and Art District opened its doors earlier Sai Lakshmi Industries Private Limited, Essensai067 is more than from all parts of India, seeking a better and more fulfilling lifestyle, Sunway Malls, one of Malaysia’s largest mall owner operators, is
this year in Shenzhen, China. The project, led by K11 brand founder a retail development - it is a reimagined social space where food, over the last 40 years. continuing construction on Sunway Ipoh Mall, which is poised to be
Adrian Cheng, has been in preparation for over seven years. Adhering fashion, art and music come together to foster human connection. Snøhetta has designed its largest project in Japan to date with the Perak’s largest mall upon opening in 2026. With a total development
to the core philosophy of “Art, Humanity and Nature”, K11 ECOAST Spanning 5.16 acres and opened earlier this year in April, this dynamic new Shibuya Upper West Project for Tokyu Corporation, L Catterton cost of more than RM1bn, the mall in Sunway City Ipoh will span over
leverages the natural scenery and expansive space of Taiziwan to indoor-outdoor interactive development offers over 155,355sq ft of Real Estate and Tokyu Department Store. The 119,000sq m mixed- one million square feet of net lettable area (NLA) across four retail
create a “luxurious-style” urban public space where people can enjoy thoughtfully designed spaces. Key features of the site include retail use development includes the Bunkamura cultural complex and will floors and house Perak’s first ice-skating rink, an exhibition centre,
the coast, immerse themselves in art and take leisurely strolls. K11 & culinary delights across 23 premium retail units and 12 diverse offer high-quality retail, a contemporary luxury hotel and rental resi- a 36-lane bowling centre, a multi-purpose sports centre, a gourmet
ECOAST features a total construction area of nearly 230,000sq m and F&B outlets. There will be unique experiences on site through an dences, as well as art and cultural experiences in the vibrant Shibuya garden and a 10-hall cinema with a seatingcapacity of approximately
with an overall appearance resembling a giant ship berthed in the adventure park, a pet-friendly plaza and an amphitheatre for curated district of Tokyo. Key features include The Hive, a vibrant and lively 1,500. Sunway Ipoh Mall will also be built to achieve green certifica-
46 Retail & Leisure International November 2025 November 2025 Retail & Leisure International 47

