News by EdgeProp.my

CGS-CIMB Research analyst Sharizan Rosely said the tenancy drop-out for Robinson’s outlet in The Gardens Mall will negatively impact IGB Real Estate Investment Trust (IGB REIT). However, he believed that the damage is manageable

Repurposing the vacant spaces to generate income

Just when markets were in a rosy mood, the escalating number of Covid-19 positive cases starting in September put everything on halt again with the implementation of a 14-day conditional movement control order (CMCO) in Klang Valley, which has been extended for another 14-days until Nov 9, 2020.

The appointment is following the resignations of Subimal Sen Gupta Sen and Anwar Syahrin Abdul Ajib last month.

Chris Chong, IOI Properties Group Bhd’s Mall Operations senior general manager: We remain resilient and are prepared to manage our workforce under different scenarios while maintaining efficiency and high service levels to our shoppers, tenants and business associates as the mall remains open throughout this difficult time.

Sara Fang Horton, UEM Sunrise Bhd’s head of retail strategy:  The Covid-19 pandemic and the previous MCO have shown that we need to pivot our placemaking strategies to continue building top-of-mind awareness in the community and among our loyal customers who appreciate Publika’s unique experiential and creative retail concept.

HC Chan, CEO of Sunway Malls & Theme Parks: Overall, the long-term outlook of the industry will remain healthy, resilient and robust albeit in a very different business model.

Despite the negative news, mall operators have remained calm and seen the current slow time as an opportunity for them to restrategise for future needs.

The Sutera cluster, as stated in the ministry’s press release, refers to a construction site along Jalan Utama Sutera Harbour Road.

Henry Butcher Retail managing director Tan Hai Hsin believes that the shopping traffic will return gradually after the end of the second CMCO, when Malaysians get used to the current SOPs as the new normal.