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Tag: city mall

  • Thailand’s Central Group set to build mall in Cambodia

    Thailand’s Central Group set to build mall in Cambodia

    Thai ambassador to Cambodia Nuttavudh Photisaro says Central representatives have already studied the proposed site, not yet revealed publicly.

    “By investing in a shopping mall, they hope the trade volume between the two countries will increase,” says Nuttavudh.

    CBRE Cambodia associate director Ann Sothida says shopping malls still have a chance to grow in Cambodia because the market has increased purchasing power and has only a limited number of shopping malls of international standard.

    Trade between Thailand and Cambodia eased by 6 per cent last year to US$5.6 billion. Cambodian exports to Thailand amounted to $936 million, while the country’s imports from Thailand amounted to $4.7 billion.

    Phnom Penh’s shopping centres comprise Aeon Mall, which is building a second outlet in the city, City Mall, Parkson and Soriya Mall.

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  • DoubleDragon eyes 100 Filipino malls

    DoubleDragon eyes 100 Filipino malls

    A Philippines property developer has raised US$112 million to assist fund the formidable improvement plan for 100 purchasing malls throughout the nation.

    DoubleDragon Properties Corp plans to roll out the 100 CityMalls-branded centres by 2020 – the primary 25 by the top of this yr.

    The compact group malls will comprise between 5000 and 10,000 sqm of leasable area every, with the corporate projecting it’s going to have 1 million sqm of leasable area by 2020.

    DoubleDragon chief info officer Joselito Barerra Jr stated successfuly elevating the money – in seven yr company notes – demonstrates robust investor confidence in technique.

    The publicly listed property firm is collectively owned by the founding father of quick meals big Jollibee Meals, Tony Tan Caktiong, and restaurateur Edga Sia Jr. Unsurprisingly, the department stores will prominently function Jollibee eating places.

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