News about hypermarket

The property is leased to Mydin under a 20-year lease agreement inked in July 2019.

TF Value-Mart said it has, between 2016 and 2021, taken over the premises of nine hypermarket stores from GCH Retail when its leases were not renewed by the DFI Retail Group, which sold GCH Retail to Macrovalue Sdn Bhd in 2023.

The hypermarket has a development cost of RM42 million and will have a built-up area of 64,066 sq ft and 185 surface parking on a 4.

In a note on Friday (March 17), the research house said it was “mildly positive” with Sunway REIT’s proposal to acquire six Giant hypermarkets/retail complex from the Employees Provident Fund (EPF) for a total cash consideration of RM520 million.

KUALA LUMPUR (April 6): Advancecon Holdings Bhd's agreement with Mydin Mohamed Holdings Bhd to develop a rooftop solar power system at the latter's outlet in Bandar Seremban Utama, Negeri Sembilan has been terminated.

KUALA LUMPUR (Feb 20): Three out of the four foreign hypermarket players in the country “have yet to meet the local shareholder requirement”, The Edge reported this week.

KUALA LUMPUR (Dec 5): Hypermarket operator TF Value-Mart (TF) may have recently changed owners, but they are keeping to its successful and simple formula of focusing on second-tier cities and remaining asset-light, The Edge Malaysia reports.

KUALA LUMPUR (Oct 17): A staff of the All IT Hypermarket located at the 7th Floor of SOGO Kuala Lumpur tested positive for Covid-19 yesterday, said the mall’s management.

KUALA LUMPUR (April 24): Solarvest Holdings Bhd has secured a rooftop solar project worth RM29.

LONDON (March 9): Britain's biggest retailer Tesco said on Monday that it agreed to sell its businesses in Thailand and Malaysia to Charoen Pokphand Group for an enterprise value of US$10.