Global commercial real estate firm CBRE has put the call out for retail tenants for the new Parkson City Centre Mall, which stands to become the second foreign mall developer to open in the Kingdom in as many years.
According to a statement issued by CBRE yesterday, the five-level, 70,000 square-metre retail mall located on Russian Boulevard is on track to be operational by the fourth quarter of 2015. Tenant registrations are now open.
“At this stage I can only say that we target at least one-third of the tenants will be new to the market,” Laszlo Fulop, senior retail consultant for CBRE Cambodia said.
“Parkson predominantly positions upper mid-market in the region, in Phnom Penh we hope to have a limited selection of premium brands, which are well-known and commercial.”
Parkson Holdings, a Malaysia-based mall development firm has some 141 stores across Asia. The City Centre Mall is reported to have cost upwards of $117 million.