Mapletree's Viet mall evokes strong response

[SINGAPORE] Mapletree Investments' first shopping mall in Vietnam has attained pre-leasing commitment for more than half its net lettable area (NLA), way ahead of its scheduled opening in the first half of next year.

SC VivoCity, located in District 7 of Ho Chi Minh City, was jointly developed by Mapletree and Saigon Co.op Investment Development Joint Stock Company (SCID), an affiliate of Vietnamese retailer Saigon Co.op, at a cost of US$100 million.

The joint venture company between Mapletree and SCID, called Vietsin Commercial Complex Development Joint Stock Company (VCCD), inked agreements with 13 retailers yesterday.