Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Aeon 2.0 set for capital's north side

Content image - Phnom Penh Post
An artist's rendition shows a new Aeon mall project planned for Phnom Penh's north side. The mall, larger than it's predecessor, will go after an even more upscale consumer. PHOTO SUPPLIED

Aeon 2.0 set for capital's north side

Japanese retail giant Aeon officially unveiled plans on Friday for its second mall in Phnom Penh.

To be completed by the middle of 2018, Aeon’s new mall will be located inside Pong Peay City, a residential and shopping estate project located in the city's north side currently being developed by prominent tycoon and ruling party Senator Ly Yong Phat.

With about 151,000 square meters of floor space, the new mall will be larger than the 108,000 square meters of Aeon’s current mall, which recently celebrated its one-year anniversary and boasts international clothing brands such as Levis, Mango, Clarks and Puma.

The new complex will target Cambodia’s higher-end consumer, but will also continue to cater to everyday shoppers, with a variety of international clothing and food and beverage brands, Aeon officials said on Friday.

Pointing to the IMF’s 7 per cent GDP growth forecast for the year, Aeon Asia managing director Washizawa Shinobu said his firm was confident Cambodia’s emerging middle class would make their newest mall a success, aiming to attract 10 million visitors in its first year.

"I am sure Cambodian people will be richer with economic growth like that, which means they will buy more products,” he said.

Aeon’s existing $205 million mall received close to 15 million visitors in its first year of operation, although officials declined to reveal sales figure on Friday.

They also declined to disclose the investment amount slated for the new project.

0

Comments

Please, login or register to post a comment

Latest Video

Cambodia's last tile masters: Why a local craft is under threat

Brought over by the French, painted cement tile making has been incorporated into Cambodian design for more than a century, even as the industry has died out in Europe.

Interview: Loung Ung, author of First They Killed My Father

The story of Loung Ung and her family’s suffering under the Khmer Rouge became known around the world with the success of her autobiographical book, First They Killed My Father.

Setting up a drone for flight. Photo supplied

How Cambodia's first drone company is helping farmers

SM Waypoint claims its unmanned aerial vehicles can help local farm and plantation owners increase their yields.