28 Apr – CapSquare Mall on Jalan Munshi Abdullah in Kuala Lumpur is to be converted to an IT mall under PIKOM (Association of the Computer and Multimedia Industry, Malaysia) come July 2011, according to PIKOM president Shaifu Bahrin Saleh.
However, as to the fate of its tenants, the PIKOM head told Cinema Online: "Perhaps it's best you check with BDRB (Bandar Raya Developments Berhad) as they are the owners of Capsquare. We already have a lot of work underway. Although I'm not in the position to comment on the fate of each individual existing tenant, I think many of the food outlets are to be retained."
According to literature downloadable from PIKOM online, the four-storey mall, aimed at growing the information and communications technology (ICT) industry further, will be rented out to PIKOM members only, while CapSquare will contribute RM1 million as advertising and promotions for the first year.
It is reliably learned from industry insiders that the fate of TGV CapSquare is still being negotiated.
The 6-screen TGV CapSquare opened on 20 December 2007 at the Capital Square Development Centre on Jalan Munshi Abdullah, ahead of other shoplots in the shopping mall portion of the complex. It was the 11th location for the cinema chain.
THR Hindipower deejay Gina Dhaliwal told Cinema Online: "Just when we thought we had a cinema dedicated to Hindi movies, now we're going to lose it! What a shame!"
She added: "Looks like its back to TGV KLCC for Hindi movies and this cinema outlet does not simply take any Hindi movie - the stars have to be big!"
Hindi movie fan Janak Bahadur Sunar said: "If this news it's true, surely it will be a sad day for us. I have been bringing my family to watch movies here since its opening and it's a really nice cinema. Now I might have to consider going to watch movies at TGV Sunway instead."
There is no official word from TGV Cinemas at the time of publishing.