US shopping-mall giant JSM has announced plans to build a 99,000 square meter shopping
mall in Phnom Penh. JSM owns $1.5 billion worth of shopping malls in the US and as
part of the expansion into South East Asia, has created JSM Indochina. The company
plans to bring US style shopping malls to Cambodia and Vietnam. Company founder Craig
Jones announced that a pre-let agreement had already been signed with Parkson, the
Malaysian department store, which will be the Phnom Penh mall's anchor tenant, taking
up nearly two thirds of the space. Land permits are also in place to add a 600-space
car park and 100 serviced apartments to the development.