News about Mall

WITH saturation and lower retail sales, the number of shopping centres that have been put up for sale or have been sold has been visibly higher over the past nine months.

JUST last week, Perda City Mall in Bukit Mertajam, Penang, suddenly shut down after a mere 18 months in business.

KUALA LUMPUR (Aug 5): Pavilion Elite, an extension to Pavilion Mall Kuala Lumpur, is expected to open its doors to shoppers in November.

KUALA LUMPUR (July 29): Rental income from DaMen Mall and Intermark Mall, which Pavilion Real Estate Investment Trust (PavREIT) acquired at end-March, lifted the trust’s net property income (NPI) for the second quarter ended June 30, 2016 (2QFY16), by 13.

IGB Real Estate Investment Trust (July 27, RM1.

PETALING JAYA (July 27): Developers need to change how shopping malls are developed to incorporate experiential engagement with consumers, Knight Frank retail consultancy and leasing associate director Rebecca Phan told TheEdgeProperty.

SINGAPORE (July 27): DBS Vickers Securities is keeping its “hold” call on CapitaLand Mall Trust (CMT) with a higher target price of S$2.

KUALA LUMPUR (July 21): The Sime Darby Property Bhd-CapitaLand Mall Asia joint venture has decided to further extend the opening of its Melawati Mall to the second quarter of next year (2Q17).

KUALA LUMPUR (July 20): CapitaLand Malaysia Mall Trust (CMMT) share price hit a one-year high of RM1.

KUALA LUMPUR (July 19): Ekovest Bhd does not intend to sell its EkoCheras Mall as it plans to keep it for recurring income and to group it with other properties that provide recurring income, like the group’s RM4 billion River of Life project, to form a real estate investment trust (REIT), said its executive chairman Tan Sri Lim Kang Hoo (pictured).