Keppel Land opens retail mall in Ho Chi Minh City
PROPERTY developer Keppel Land has opened a retail mall in Saigon Centre in Ho Chi Minh City (HCMC), anchored by the city's first Takashimaya department store, it said in a press release on Monday.
It said that the mall forms part of Saigon Centre's Phase Two and its space has been fully committed, adding that Japanese retailer Takashimaya is leasing about 15,000 square metres of retail space for what it intends to be Takashimaya's flagship store in Vietnam.
Keppel Land said that Phase Two, which consists of 44,000 sq m of premium Grade A office space, 55,000 sq m of retail space spread across seven storeys and 195 luxury serviced apartments, will be "fully completed in end-2017".
The guest of honour at the retail mall's opening ceremony was Tran Vinh Tuyen, member of the party standing committee and vice-chairman of the people's committee of HCMC. Lee Boon Yang, chairman of Keppel Land's parent company Keppel Corp, also attended the ceremony.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention