In October 2020, Lotus’s signed a master lease agreement of five (5) consecutive terms, of three (3) years each with KIP Group to open a new store in Bandar Indera Mahkota, with a land size area of approximately 293,766 sq ft. The signing of the master lease agreement facilitated to forge a landlord and tenant relationship for KIP Group to lease the facilities, infrastructure and landscaping for Lotus’s to operate in Bandar Indera Mahkota.
The single-storey mall is located close to Indera Mahkota KFC drive-thru restaurant, houses one (1) anchor tenant (Lotus’s), one (1) mini anchor tenant, twenty-two (22) retail and food and beverage shops, twenty-three (23) promo counters, and one (1) food court. The commercial centre is targeted to commence operations in June 2022 and is an exciting extension to Bandar Indera Mahkota. Under the master lease agreement, KIP Group and Lotus’s will work together towards the successful partnership.