KUALA LUMPUR (Aug 31): Tesco Stores (M) Sdn Bhd (Tesco Malaysia) is on the hunt for a new local partner for its convenience store (c-store) chain in the country.
Sold for: RM835,000 Concluded by: Wong Hor Yan (REN 18777) of 1TPE Realty (016-324 8307) When: July 2017 Noteworthy: ● Leasehold ● Land area: 22ft by 75ft ● Built up: 2,167 sq ft ● Four bedrooms and three bathrooms ● Lakeside property ● Gated-and-guarded development According to the agent, Wong Hor Yan of 1TPE Realty, the seller was an investor who bought the unit in 2013.
HYPERMARKET operator Tesco Stores (M) Sdn Bhd, which posted two consecutive years of losses, expects its performance to improve this year as its three-year transformation plan kicks off and begins to bear fruit.
KUALA LUMPUR (April 25): After several delays, Middle Eastern retailer LuLu Group International is expected to commence operations of its first store in Malaysia in May or at the latest by early June, in time to capture the Hari Raya shoppers, said sources.
SELANGOR (Dec 11): IOI Properties Group Bhd will launch its next commercial offering Enigma Square in its new 370-acre township Bandar Puteri Bangi in January next year, said IOI Properties chief operations officer Teh Chin Guan (pictured) at the groundbreaking ceremony of Tesco Bandar Puteri Bangi today.