Low Yat Group will spend RM40 million to refurbish the Riverwalk Village project in Jalan Ipoh, into a lifestyle and entertainment hub, by the first quarter of next year.

Executive director Low Su Ming said the Riverwalk Village was part of the Rivercity project, which began in 2008, and would offer patrons village-style shopping outlets, pushcart kiosks and the Rivercity Mall.

Riverwalk Village will also house the upmarket Carrefour Marketplace, the mall's anchor tenant, which would be sprawled over 35,000 sq ft, she added.

Speaking to the reporters after a signing ceremony between Sem Siong Sdn Bhd and Carrefour Malaysia, she said tenants would be selected according to their uniqueness.

So far, 65 per cent of the 200,000 sq ft lettable space at Riverwalk Village has been tenanted, including 35,000 sq ft by Carrefour Marketplace.

Meanwhile, Carrefour Malaysia and Singapore Marketing and Communications Director Low Ngai Yuen said the Carrefour Market Place would become the fifth high-end supermarket when it opens for business in the first quarter of next year.

She added that Carrefour Market Place shoppers can expect a wider range of international gourmet food not available at other Carrefour outlets. – Bernama