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

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.

MOST VIEWED

  • Prince injured, wife dies after accident

    THE wife of former First Prime Minister Prince Norodom Ranariddh, Ouk Phalla, 39, died while the prince was “severely” injured following a road accident in Preah Sihanouk province’s Prey Nub district on Sunday morning, officials said. Rananriddh, who is also the president of the Funcinpec

  • Bun Heang mocks US, threatens its citizens in scathing open letter

    After being hit with sanctions from the US Department of Treasury, Cambodian General Hing Bun Heang said he would retaliate against any US national who does not respect his country’s sovereignty, has ambitions to invade Cambodia or incites “traitors” in the Kingdom to do

  • Ranariddh 'seriously injured', his wife dies in accident in Preah Sihanouk

    THE wife of former first prime minister Prince Norodom Ranariddh has died. Ouk Phalla succumbed to injuries sustained in a traffic accident on National Road 4 in Preah Sihanouk’s Prey Nub district this morning. She and the prince were immediately rushed to the Preah Sihanouk

  • US slammed over BGU head as Foreign Ministry says sanctions violate international principles

    The Ministry of Foreign Affairs and International Cooperation (MFAIC) has condemned the US Department of Treasury for its sanctions, announced on Tuesday, against Cambodian General Hing Bun Heang for his alleged role in infringing human rights. In a statement, the ministry said it is disturbing