Shops out, school in - A former 70,000 sq ft Sears anchor store at Grand Teton Mall in Idaho Falls, USA is being repurposed into a charter school set to open in the fall of 2021. Part of the parking lot will also be converted into an outdoor play and recreation area for students. (Alturas International Academy)
Fulfilment centres for e-commerce - The Philippines’ shopping mall operator Ayala Land, which operates 38 malls in the country, is studying the possibility of converting selected well-located shopping malls into e-commerce back-end facilities, warehouse and distribution centres. (Nanami Kamimura)
Leasing out parking lots - The Philippines’ biggest landlord and retailer, SM Prime Holdings is leasing out some of its parking lots to longer-term car storage for current income. (Ramon F Velasquez)
Commercial complex - Ansal Plaza in Delhi, India, has been converted into primarily a commercial complex, while Jewel Square, Kakade Centre Port and East Court in Pune have reinvented themselves into office spaces. (Ansal Plaza)
The once bustling shopping malls have become dead places, no thanks to the Covid-19 pandemic.
While many shopping centres continue to crumble at the hand of the retail apocalypse brought on by the pandemic, there are mall operators from different parts of the world trying to find a silver lining by repurposing the vacant spaces to generate income.
This story first appeared in the EdgeProp.my e-Pub on Nov 6, 2020. You can access back issues here.
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