retail mall

SingPost Centre poised to thrive with location advantage & tech perks: Maybank

SINGAPORE (Oct 11): Maybank Kim Eng is maintaining its “hold” call on Singapore Post (SingPost) with an unchanged price target of $1.22, pending clearer direction from the strategic review of the group’s business strategy.

This follows the launch of the new SingPost Centre mall, which doubles the group’s gross retail floor space to 269,000 sf and net lettable area (NLA) to 178,000 sf.

Keppel Land China acquiring new mall in Shanghai for $102 mil

SINGAPORE (Sept 29): Keppel Land China is acquiring a new mall in Jiading District, Shanghai, for about $102 million.

This retail mall has a gross floor area of 40,927 sqm with a net lettable space of 32,800 sqm, which includes offices, shops and residential towers.

Keppel Land Retail Management will be appointed manager for the new mall in Shanghai.

“The acquisition is part of Keppel Land’s strategy to seize opportunities in key Chinese cities such as Shanghai,” says Ang Wee Gee, CEO of Keppel Land.

Keppel Land opens Saigon Centre retail mall in Ho Chi Minh City

SINGAPORE (Aug 1): Keppel Land, the property arm of Keppel Corp, has opened its retail mall in Saigon Centre in Ho Chi Minh City (HCMC), Vietnam, on Le Loi Boulevard.

In a Monday filing, Keppel Corp adds that the mall, which forms part of Phase Two of Saigon Centre, is 100% committed with Japanese retailer Takashimaya Department Store – leasing about 15,000 sq m of retail space for its flagship store in Vietnam, which also marks Takashimaya’s third department store overseas.

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