Tesco to invest RM800m in 11 Stores

BRITISH retailer Tesco Stores (M) Sdn Bhd will invest RM800 million within the next 12 months as it opens 11 stores, bringing the total number of Tesco stores to 31 and possibly over RM3 billion in sales.The planned expansion, growth in like-for-like sales coupled with a strong consumer friendly pricing policy, is expected to help sales for the year ending February 28 2009 grow by not less than 30 per cent."We are currently constructing eight stores and we have plans to develop a further three stores, hopefully within the next 12 months. We are also building a second distribution centre for our ambient products," chief executive officer Chris Bush said.Bush said Tesco's growth in Malaysia, in terms of expansion and sales, is one of the biggest markets outside of the UK.

(New Straits Times 28-2-2008)

The Pavilion attracted 5m visitors in just 3 months

KUALA LUMPUR: The Pavilion Kuala Lumpur, which opened to the public last September, has already attracted a total of five million visitors in the last three months of 2007, its director for centre management John Sironic said. The Pavilion is owned by Urusharta Cemerlang Sdn Bhd, which roped in Kuwait Finance House and Qatar Investment Authority as partners for the project, and managed by Kuala Lumpur Pavilion Sdn Bhd. The RM3 billion Pavilion sits on a 5ha site in Jalan Bukit Bintang and has a total gross built-up area of 3.68 million sq ft, and a total net lettable retail area of 1.37 million sq ft. The shopping mall has seven retail floors and 450 units of shop. Currently, 60% of these shops are fashion outlets, 21% food and beverages and the remaining 19% catering for urban leisure. It also has three levels of basement parking with 2,500 bays. Besides the luxury mall, The Pavilion development project also comprises 368 residential units, a 19-storey office block and a hotel upon full completion.

(01-02-2008 The Edge)

One Stop Garment Centre

KUALA LUMPUR: Kenanga Wholesale City Sdn Bhd is establishing a one-stop garment wholesale centre at a development cost of RM300mil. The 22-storey Kenanga Wholesale City to be completed in three years, was located in the heart of the established Kenanga area well known for its wholesale fashion business, said group chief executive Yee Ia Howe. The proposed development with a total gross built-up area of 1.8 million sq ft and net lettable retail area of 500,000 sq ft would offer 790 new business lots, double the current number of shop lots, thus providing more business opportunities, Yee said.

(24-1-2008 The Star)

One Stop Garment Centre

KUALA LUMPUR: Kenanga Wholesale City Sdn Bhd is establishing a one-stop garment wholesale centre at a development cost of RM300mil. The 22-storey Kenanga Wholesale City to be completed in three years, was located in the heart of the established Kenanga area well known for its wholesale fashion business, said group chief executive Yee Ia Howe. The proposed development with a total gross built-up area of 1.8 million sq ft and net lettable retail area of 500,000 sq ft would offer 790 new business lots, double the current number of shop lots, thus providing more business opportunities, Yee said.

(24-1-2008 The Star)

Kenanga Plans RM300 Million Fashion Wholesale Mall

PRIVATELY-held Kenanga Wholesale City Sdn Bhd is spending RM300 million to build a 1.8 million sq ft fashion wholesale mall at Jalan Kenanga near Pudu Jail. When completed three years from now, the 22-storey development will help ease congestion at the busy Kenanga area, where garment wholesalers have been operating from multi-level shoplots since the 1990s. Kenanga Wholesale City chief executive officer Yee Ia Howe said the 790 units are between 300 and 600 sq ft, selling at RM1,980 to RM3,300 per sq ft. Demand is so great that the mall is already 70 per cent sold before yesterday's soft launch, and some buyers were foreign garment makers.

(24-1-2008 New Straits Times)

New Carrefour Store In Klang

Carrefour has opened a store in Klang, boosting the number of hypermarkets to 12 nationwide, the company said statement yesterday. The one-storey building has a gross built up area of 159,843 sq.ft. a company statement said.

(19-1-2008 The Star)

AEON To Open Two More Jusco Outlets This Year

Petaling jaya: Supermarket and departmental store operator, AEON Co (M), plans to open two outlets, one each in Ampang, Selangor and Seberang Prai, Penang this year, involving investment of up to RM200 million.

(9-1-2008 The Star)

AEON To Open Two more Jusco outlets this year

Petaling jaya: Supermarket and departmental store operator, AEON Co (M), plans to open two outlets, one each in ampang, selangor and seberang prai, penang this year, involving investment of up to RM200 million.

(9-1-2008 The Edge)

1 Shamelin Goes Into Unchartered Territory

IN A town that is buzzing with new malls, 1 Shamelin shopping mall hopes to stand out from the rest as it goes into unchartered territory.The mall will not have an anchor tenant but a whole lot of young entrepreneurs. Retail lots for sale are going at RM128,000 and above while, monthly rental for standard lots (ranging from 108 to 445 sq ft) are expected to be around RM1,200. 1 Shamelin is being developed by Lambang Ehsan Sdn Bhd, a subsidiary of Y & Y Group.

(5-1-2008 New Straits Times)