KUALA LUMPUR: Sime Darby
Property and CapitaMalls Asia Ltd are jointly developing a shopping mall with
an expected total development cost of about RM670mil.
Sime Darby said in a statement that under the 50:50 joint venture, they would develop Melawati Mall in the Taman Melawati commercial area. To be completed at the end of 2016, it will have a net lettable area of about 620,000 sq ft.
Melawati Mall will comprise eight levels of retail and five levels of basement car park.
“Positioned as a one-stop retail and lifestyle destination, Melawati Mall aspires to bring the city shopping experience, with its comprehensive and fashionable offerings, to the residents of Melawati township and nearby towns.
“When it is completed, the mall, fronting the Middle Ring Road 2 (MRR2), will serve an estimated 800,000 people within a 15-minute drive,” it said.
Present at yesterday’s groundbreaking and construction event for Melawati Mall were Sime Darby Bhd chief operating officer Datuk Wahab Maskan, who is also Sime Darby Property managing director, and Capitamalls Asia chief executive officer Lim Beng Chee.
“Our collaboration with CapitaMalls Asia to develop Melawati Mall is well in line with Sime Darby Property’s strategic direction to participate in joint venture partnerships with reputable companies that can further unlock the value of our landbank and further enhance value from asset managementm,” Wahab said.
“Moreover, the success of this collaboration may pave the way for other possible future strategic partnerships with CapitaMalls Asia in Malaysia or overseas.”
Capitamalls Asia has interests in and manages a pan-Asian portfolio of 103 shopping malls across 52 cities in the five countries of Singapore, China, Malaysia, Japan and India, with a total property value of approximately S$34bil.
The Star, 4/10/2013
Sime Darby said in a statement that under the 50:50 joint venture, they would develop Melawati Mall in the Taman Melawati commercial area. To be completed at the end of 2016, it will have a net lettable area of about 620,000 sq ft.
Melawati Mall will comprise eight levels of retail and five levels of basement car park.
“Positioned as a one-stop retail and lifestyle destination, Melawati Mall aspires to bring the city shopping experience, with its comprehensive and fashionable offerings, to the residents of Melawati township and nearby towns.
“When it is completed, the mall, fronting the Middle Ring Road 2 (MRR2), will serve an estimated 800,000 people within a 15-minute drive,” it said.
Present at yesterday’s groundbreaking and construction event for Melawati Mall were Sime Darby Bhd chief operating officer Datuk Wahab Maskan, who is also Sime Darby Property managing director, and Capitamalls Asia chief executive officer Lim Beng Chee.
“Our collaboration with CapitaMalls Asia to develop Melawati Mall is well in line with Sime Darby Property’s strategic direction to participate in joint venture partnerships with reputable companies that can further unlock the value of our landbank and further enhance value from asset managementm,” Wahab said.
“Moreover, the success of this collaboration may pave the way for other possible future strategic partnerships with CapitaMalls Asia in Malaysia or overseas.”
Capitamalls Asia has interests in and manages a pan-Asian portfolio of 103 shopping malls across 52 cities in the five countries of Singapore, China, Malaysia, Japan and India, with a total property value of approximately S$34bil.
The Star, 4/10/2013
No comments:
Post a Comment