fbpx

Malaysia

Malaysia

Sunway Malls eye expansion in northern region
Sunway Malls is looking to the northern region for expansion. Despite economic challenges resulting from the pandemic, the mall’s retail space doubled to 92,903 sqm with 95% leased and opened with 80% occupancy rate. Cumulatively, Sunway Mall’s current total retail space stands at 492,386 sqm of net lettable area with the northern region occupying 19% of the mall group’s total retail space. With 7 physical malls in its portfolio across Malaysia, the group has another two malls in the pipeline, one located on Penang island and the other in Ipoh. In the next five years, the group expects to grow its assets to 12 physical malls.