Offices and malls remain in oversupply, pressure on vacancy and rental rates
KUALA LUMPUR (Apr 3): Oversupply conditions in the office space and shopping complex (OSSC) segment in Malaysia have not improved.
Rental waived for Tropicana Gardens Mall tenants during MCO
PETALING JAYA (Mar 27): Tenants of Tropicana Gardens Mall, Kota Damansara, Selangor, will see their rentals waived for the duration of the Movement Control Order (MCO).
CMMT provides 14-day rental waiver to non-essential services tenants
KUALA LUMPUR (March 26): Capitaland Malaysia Mall Trust (CMMT) will provide a 14-day rental waiver to tenants who provide non-essential services across all seven Capitaland malls amid the Movement Control Order (MCO), the trust said yesterday.
Shopping mall industry could lose over RM750m during 14-day MCO: Association
KUALA LUMPUR (March 23): The Malaysia Shopping Malls Association (PPKM) is appealing to the government to provide urgent relief as it estimates that the shopping mall industry will lose more than RM750 million, excluding turnover statistics from the retail sector, during the 14-day movement control order (MCO).
PPKM: Up to individual malls to give free rental or rebates
PETALING JAYA (March 23): While the Malaysia Shopping Malls Association (PPKM) applauds Sunway Mall’s proactive move to grant free rent to its tenants from 18 to 31 March, 2020, PPKM reiterates that such decisions are entirely within the mall’s individual prerogative and circumstances, and does not represent the whole shopping mall industry.
Sunway Malls to maintain essential services
KUALA LUMPUR (March 17): Sunway malls said it maintain operations to enable supermarkets, pharmacies, convenience stores, ATMs and clinics to remain open.
CapitaLand, CMMT introduce support measures for retailers in Malaysia
KUALA LUMPUR (March 2): Singapore-based CapitaLand Ltd and its sponsored Malaysian-listed real estate investment trust, CapitaLand Malaysia Mall Trust (CMMT), today announced a series of support measures for retail partners across all seven CapitaLand malls in Malaysia.
COVID-19: Too early to provide rental rebate to retailers, says PPK Malaysia
PETALING JAYA (Feb 18): It is still premature to immediately give out rental rebate to retailers affected by the ongoing COVID-19 outbreak, said the Malaysia Shopping Malls Association (PPK Malaysia) in response to the joint media statement issued by several retailer groups yesterday.
After 12-year run, GSC shutters cinemas in Pavilion KL
KUALA LUMPUR (Feb 7): Golden Screen Cinemas Sdn Bhd (GSC) said yesterday that it is shutting down its GSC outlet in Pavilion Kuala Lumpur on Feb 17.
CMMT banks on new anchor tenants to reinvigorate Klang Valley Malls
KUALA LUMPUR (Jan 23): CapitaLand Malaysia Mall Trust (CMMT) is on the hunt for new anchor tenants to inject life into its suburban Klang Valley malls and drive earnings in 2020.
