Asian Pac to buy Jaya Shopping Centre in Petaling Jaya for RM100m
Asian Pac said the proposed acquisition aligns with its strategy to invest in retail malls, with the objective of increasing net property income.
Asian Pac said the proposed acquisition aligns with its strategy to invest in retail malls, with the objective of increasing net property income.
The acquisition, which is the REIT's largest acquisition since its listing on the Main Market of Bursa Malaysia in 2017, is scheduled to be completed by the first quarter of 2025.
Upcoming F&B tenants include Canton Boy, Mr Vegan, Pezzo Pizza, BabaBoy, BananaBro, Bread History & Sandwich Box, KPOP Madang, Taste of Medan, Noodle King House as well as a Western restaurant with a bar concept adjacent to Canton Boy.
"Recent initiatives including forging Green Lease Partnerships with tenants, has solidified our commitment toward realising a net-zero mall by 2050.
The redevelopment project will result in the expansion of the retail space of an approximate 50,000 square feet (sq ft) of net lettable area (NLA).
PETALING JAYA (Feb 22): IPC Shopping Centre has been upgrading its facilities as it aims to improve the shopping experience of its customers whilst it continues to maintain itself as a family-friendly shopping mall.
PETALING JAYA (Jan 18): Toppen Shopping Centre at Taman Desa Tebrau, Johor Baru signed a tenancy agreement with Lulu Grocer, making it the first outlet in the state and is set to open later in the year.
10 Years and Above Retail (Silver) IPC Shopping Centre Located in the suburb of Mutiara Damansara, Petaling Jaya (PJ) in Selangor, IPC is the first of many shopping centres anchored by the IKEA home furnishing store in Malaysia and in the region – set up by global corporation Ikano Group’s IKEA Southeast Asia and Mexico.
KUALA LUMPUR (Feb 16): Leveraging its strong partnership network, MyTOWN Shopping Centre (pictured) has renewed over 80% of the tenants and utilising the 2020 first term expiries to make key changes to its pool of tenants in order to further align consumer priorities and preferences to relevant offers of its core customer segment.
Bordering Ampang to the north and Kajang to the south, Cheras is one of the oldest residential areas in KL with parts of it located in Selangor.