Headline

 



Central i-City shopping centre to open October 2018

Central i-City is the first overseas shopping centre to be opened by Thailand's largest retail developer and manager, Central Pattana PCL, which in turn is a subsidiary of Thai conglomerate Central Group. Central i-City is the first overseas shopping centre to be opened by Thailand's largest retail developer and manager, Central Pattana PCL, which in turn is a subsidiary of Thai conglomerate Central Group.

i-City in Shah Alam is set to welcome Central i-City shopping centre in October 2018.

i-City developer I-Bhd and Bangkok-based property developer and investor Central Pattana Public Co Ltd (CPN) is in a 40:60 joint venture (JV) to develop the RM850 million shopping centre.

The shopping centre will sit on a 1.5 million sq ft freehold tract and has a net lettable area (NLA) of 940,000 sq ft with approximately 350 shops.

Senior executive vice president of business development and construction manager of CPN Wallaya Chirathivat said the shopping mall will carry brands from Malaysia, Thailand and other countries.

“We are still in the midst of doing our market research to study the market’s demands and needs before we bring in the tenants,” she said in the ground-breaking ceremony of the shopping centre yesterday.

Central i-City shopping centre is CPN’s first development outside of Thailand.

Chirathivat added that she is confident that the combination of CPN’s expertise in retail and property development with I-Bhd’s knowledge of the local real estate market will result in the best lifestyle development in the Klang Valley.

“We are excited to embark on this journey together with I-Bhd as we are convinced that we are ready to expand our business in the international market in line with our goal to be a retail property developer on a regional scale,” Chirathivat added.

The development of the shopping mall is in line with I-Bhd’s business plan of expanding its leisure and investment property business and to enjoy a strong recurring income stream from these two segments once i-City is fully developed in the next 10 years, said I-Bhd executive chairman Tan Sri Lim Kim Hong, who was also present at the event.

“We plan for i-City to be an international tourism destination, with other components of this tourism plan including three hotels planned for i-City, our own i-City performing arts and convention centre and a medical tourism hub which are still in working plans,” he added.

Minister of International Trade and Industry II Datuk Seri Ong Ka Chuan, who officiated the event, lauded the JV and said the project was a vote of confidence for the Malaysian economy.

“We welcome foreign investment in the shopping mall industry given its high potential of multiplier effects on the property and construction sectors while giving Malaysia’s tourism industry a boost,” he said.

 

News Source: The Edge Property, 19 February 2016

Rate this item
(1 Vote)

14 comments

  • Josephciz
    Josephciz Tuesday, 15 August 2017 14:40 Comment Link

    casino game macintosh online
    best online slots for money
    casino casino line line site
    casino slots
    casino internet games bonus sun

    Report
  • HaroldNix
    HaroldNix Saturday, 12 August 2017 17:01 Comment Link

    blackjack vegas high rollers
    online casino amex gift card
    safe us online casino
    jugar casino online ipad
    online casinos in us

    Report
  • Careycleap
    Careycleap Thursday, 10 August 2017 18:51 Comment Link

    online gambling us deposits
    slots real money iphone
    pokies online no download
    slots for usa customers
    us gambling on iphone

    Report
  • RobertHoine
    RobertHoine Thursday, 10 August 2017 06:38 Comment Link

    order cialis india
    order cialis online
    cialis cheap generic
    order cialis
    viagra cialis buy online

    Report
  • Stantondiara
    Stantondiara Saturday, 05 August 2017 00:08 Comment Link

    cialis wholesale uk
    cialis 20mg
    buy cialis from canadian pharmacy
    cialis c20 pill
    buy cialis bangkok

    Report
  • LionelNog
    LionelNog Tuesday, 25 July 2017 18:54 Comment Link

    best place to buy cialis
    generic cialis
    pills that look like cialis
    cialis
    buy cialis cheap us pharmacy

    Report
  • JasonEmisy
    JasonEmisy Sunday, 23 July 2017 23:11 Comment Link

    buy viagra cialis
    cheap viagra
    to buy viagra in canada
    cheap viagra from canada
    viagra size pills

    Report
  • viagra for men online india
    viagra for men online india Wednesday, 19 July 2017 04:33 Comment Link

    experience research cheap viagra
    200 mg viagra blog
    viagra 50 mg 4 st
    australian viagra prices
    hard get viagra prescription

    Report
  • order viagra online canadian no prescription
    order viagra online canadian no prescription Tuesday, 18 July 2017 06:24 Comment Link

    comprar viagra generico en argentina
    fgr 100 generic viagra
    nhs viagra price
    viagra prices at rite aid
    viagra 100 o 50 mg

    Report
  • online payday loans
    online payday loans Thursday, 13 July 2017 13:40 Comment Link

    personal loan deals
    payday express
    payday loans hilo
    loans no credit check
    payday loans in alabama

    Report

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

xxxlogo

At PTLM, everything we do is with integrity, commitment and innovation as to facilitate information dissemination so that you could make well-informed decision.

 

Subscribe With Us


Invalid Input

Most Popular

Recent News

Our Gallery