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Thread: CapitaLand inks deal to manage Phnom Penh mall in Oxley's development The Peak

  1. #1

    Default CapitaLand inks deal to manage Phnom Penh mall in Oxley's development The Peak

    CapitaLand inks deal to manage Phnom Penh mall in Oxley's development The Peak

    MAR 20, 2018

    DEVELOPER CapitaLand, through its wholly owned shopping mall business CapitaLand Retail, has signed an agreement to manage a mall in Cambodia's capital, Phnom Penh. The mall is the retail component of The Peak , an upcoming high-end integrated development majority owned by Singapore-based developer Oxley and Cambodian company Worldbridge Land.

    The Peak, located the Chamkarmon district in central Phnom Penh, is a 55-storey freehold integrated development which houses an office tower, the country's first Shangri-La Hotel, two luxury residential towers with 1,014 apartment units and the mall, which will open in 2020.

    CapitaLand will oversee asset planning, pre-opening and retail management for the five-storey mall, which has a gross floor area, excluding car park, of about 420,000 square feet, and net lettable area of about 260,000 sq ft, CapitaLand said in a filing with the Singapore Exchange on Tuesday.

    Said Wilson Tan, CapitaLand Retail chief executive officer (CEO): "Given The Peak's strategic location in central Phnom Penh and high-grade building specifications, it is well-positioned to meet the requirements of quality retailers seeking to serve the growing aspirations of the city's community."


  2. #2

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    I think it is a nice deal it would help to improve all kind of standards.


  3. #3

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    Quote Originally Posted by prashantnative View Post
    I think it is a nice deal it would help to improve all kind of standards.
    450 units sold within two weeks from the launch.

    https://www.viplaunch.sg/the-peak-shoppes-cambodia


  4. #4

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    Why Buy Cambodia ?
    Singapore and Cambodia enjoy good bilateral relations
    Singapore was Cambodia’s 2nd largest foreign investor in 2017 with fixed investments >US$250 million
    Investments span a range of sectors including property development, financial services, energy, agriculture, and logistics
    Enterprise Singapore maintains a positive long-term outlook for Cambodia

    Source


    About The Peak Shoppes
    Invest in the only CapitaLand managed mall for sale in the heart of Phnom Penh
    Integrated with world famous 5-star Shangri-La
    Enjoy high 55% nett guaranteed rental returns over 10 years (T&Cs apply)
    Year 1 to 5 @ 5% Nett Guaranteed Rental per Annum
    Year 6 to 10 @ 6% Nett Guaranteed Rental per Annum

    Price guide of the The Peak Shoppes
    Retail shops from only US$114K
    Restaurants from only US$162K
    Shops with waterpoint from only US$166K

    Prices are subject to while stocks last basis

    For more information, refer to The Peak Shoppes


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