“We are grateful and honoured to have our developments — Essex Gardens in Setia Eco Templer and Setia City Mall — with the respective partners and property managers recognised as one of the well managed developments in the country and benchmarked by key industry standards, and our respected peers,” said SP Setia CEO and president Datuk Choong Kai Wai.
Looking forward, the REIT said the primary challenge for Malaysia’s retail sector is still the escalating cost of living affecting consumers across income brackets.
HLIB said that while the mall is currently loss making, it sees value in this acquisition.
Sales at department stores cum supermarkets grew 12.
Nippon Paint said TCCS is the first in the region offering tailored refurbishment solutions ranging from repainting to re-waterproofing and reflooring.
Through this partnership, users of the AirAsia MOVE app will be able to earn one AirAsia point for every RM1 spent at any outlet at The Commune Mall and one Airasia Point for every RM5 spent on groceries, AirAsia MOVE said in a statement on Thursday.
The new tenants of the mall include Q-dees, Kiddypedia, Inside Scoop, Ollie & Hana, Jungle Gym, Mini Studio, Cross Kitchen, and Red Spice.
So far this year, CLMT has gained 17%, sharply outperforming its peers, buoyed by potential earnings contributions from its newly-acquired industrial properties.
DONE DEAL: Office, Megan Avenue 1, Jalan Tun Razak, Kuala Lumpur DONE DEAL: Serviced residence, Tropicana The Residences, Jalan Ampang, Kuala Lumpur Southeast of KLCC, in between Ampang and Kajang, is Cheras.
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