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Category: Retail / Shopping / Mall News

Retail / Shopping / Mall News

Super positive expansion plan by emart24 here in Malaysia.

I have taken dinner in nicetoCU (Image below) at least 4 times. Three times Korean Ramen and one time just a bun. It’s comfortable, it has lots of choices and usually their stores are at convenient places. Price wise it’s attractive too. I would not say it’s cheap but air-con place and brightly lit meant that this is one place I definitely would stop for dinner when needed in the near future. Now we have another Korean based brand which intends to expand in Malaysia in a big way. We have emart24.

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photo of a woman holding shopping bags
Premium Outlet - Mall - Retail

IOI Properties loves malls a lot. RM680 million is proof.

RM680 million is not a small sum of money. Not many companies could afford it. What’s the reason why a property developer is willing to pay a big amount to another property developer and buys their mall? What’s the longer term benefits? Really depends on the strategy which the developers are pursuing yeah. Let’s look at the latest acquisition news of a mall I frequent every other month; Tropicana Gardens Mall. The buyer is IOI Properties Group Bhd.

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Premium Outlet - Mall - Retail

IOI Properties Group Berhad Expands in Malaysia with RM1.21 billion in Acquisitions 

IOI Properties Group Berhad (IOI 置业集团, Stock code : 5249) continues  to strengthen its business in its home base, Malaysia with RM1.21 billion in acquisitions over the  past eight months. 

IOI Properties Group Berhad (“IOIPG”) announced today that it is acquiring Tropicana Gardens Mall  in Tropicana Indah, Petaling Jaya for RM680 million. This acquisition aligns with IOIPG’s growth  strategy and enhances its footprint in the retail sector, providing an excellent platform to leverage  on its expertise. 

The seven-storey Tropicana Gardens Mall has a total gross floor area of 2.95 million square feet  and a net lettable area (“NLA”) of 1.05 million square feet with an occupancy rate of approximately  77%. The mall is connected directly to Surian MRT station and it is accessible via four major  highways. It is within the catchment of several matured townships such as Kota Damansara,  Sunway Damansara and Mutiara Damansara, as well as the upcoming Kwasa Damansara  development.

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woman wearing gray coat
Premium Outlet - Mall - Retail

Knight Frank Malaysia: Not many are spending and yet more retail space is coming

Every time my children tells me something they need or want to buy or when I promise them rewards for good academic achievements, I would usually look online at shopee.com Going to the malls to look for the items is usually not the first thought in my mind. In other words, when I spend on buying things, it usually happen online. Do I still visit malls then? Yes. It’s also a firm yes.

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