Home Cambodia Economy

New mall to open in late 2015

Oct 3rd at 10:48
03-10-2014 10:48:09+07:00

New mall to open in late 2015

Global commercial real estate firm CBRE has put the call out for retail tenants for the new Parkson City Centre Mall, which stands to become the second foreign mall developer to open in the Kingdom in as many years.

According to a statement issued by CBRE yesterday, the five-level, 70,000 square-metre retail mall located on Russian Boulevard is on track to be operational by the fourth quarter of 2015. Tenant registrations are now open.

“At this stage I can only say that we target at least one-third of the tenants will be new to the market,” Laszlo Fulop, senior retail consultant for CBRE Cambodia said.

“Parkson predominantly positions upper mid-market in the region, in Phnom Penh we hope to have a limited selection of premium brands, which are well-known and commercial.”

Parkson Holdings, a Malaysia-based mall development firm has some 141 stores across Asia. The City Centre Mall is reported to have cost upwards of $117 million.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Guidelines to tackle extortion
ECONOMY Oct 1st at 16:24

Guidelines to tackle extortion

The government will introduce guidelines detailing inspection requirements in a bid to clamp down on corruption in the small- and medium-d enterprise sector.

China firm proposes expressway for capital
ECONOMY Oct 1st at 16:21

China firm proposes expressway for capital

A Chinese company has presented an ambitious plan to build an expressway over Phnom Penh in an effort to relieve traffic congestion.

Vocational training to get $30M ADB boost
ECONOMY Sep 29th at 15:38

Vocational training to get $30M ADB boost

The Asian Development Bank (ADB) announced last week a $30 million loan aimed at overhauling Cambodia’s technical and vocational education system (TVET).

CP looks to double pig production
ECONOMY Sep 29th at 15:26

CP looks to double pig production

CP Cambodia, a subsidiary of Thai conglomerate Charoen Pokphand Company Limited, has confirmed plans to double its swine production by 2019 to meet Cambodia’s...

Appliance spending surges
ECONOMY Sep 29th at 15:25

Appliance spending surges

Consumer spending on home appliances such as refrigerators, televisions and washing machines has surged over the past 12 months in Cambodia, according to market...

Pchum Ben tourists turn out
ECONOMY Sep 26th at 10:16

Pchum Ben tourists turn out

Holidaymakers flocked to Cambodia’s temples and beachside towns during the September 22-24 Pchum Ben holiday break, officials said yesterday.

ADB firms up growth prediction
ECONOMY Sep 26th at 10:15

ADB firms up growth prediction

The Asian Development Bank (ADB) has maintained its growth projections for Cambodia in 2014.

Vietnam telecom giant marks entry into Myanmar with representative office
ECONOMY Sep 25th at 14:51

Vietnam telecom giant marks entry into Myanmar with representative office

State-run Vietnamese telecom giant VNPT has taken another step in its plan to expand into global markets with the inauguration of a maiden representative office...

Cambodia misses out on rice bid
ECONOMY Sep 19th at 10:17

Cambodia misses out on rice bid

Cambodia has missed out on the Philippine government’s latest rice import tender for not being able to meet the delivery date.

Brokers break down barriers
ECONOMY Sep 19th at 10:16

Brokers break down barriers

MGA Asia Insurance Broker – a subsidiary of MGA Australia – was officially established in Cambodia on August 28, operating as an insurance broker firm. MGA Cambodia...

Read More

MOST READ

Back To Top