CMA, Sime Darby Property begin construction of Malaysia's Melawati Mall

Completion eyed by end 2016.

CapitaMalls Asia Limited and Sime Darby Property announced that construction has commenced for their shopping mall located on prime commercial land in the Taman Melawati commercial area.

The shopping mall, named Melawati Mall, is set to become a lifestyle city shopping complex north east of Kuala Lumpur when it is completed in end 2016. Under a 50:50 joint venture, CapitaMalls Asia and Sime Darby Property are developing Melawati Mall into an eight-storey shopping mall with a net lettable area of about 620,000 square feet (sq ft).

Positioned as a one-stop retail and lifestyle destination, Melawati Mall aspires to bring the city shopping experience, with its comprehensive and fashionable offerings, to the residents of Melawati township and nearby towns. When it is completed, the mall, fronting the Middle Ring Road 2 (MRR2), will serve an estimated 800,000 people within a 15-minute drive, said the companies in a joint release.

The total development cost is expected to be about RM670.0 million (S$257.8 million / HK$1,568.3 million).

Mr Lim Beng Chee, CEO of CapitaMalls Asia, said, “CapitaMalls Asia currently owns Queensbay Mall in Penang and, through our stake in CapitaMalls Malaysia Trust, also owns Gurney Plaza in Penang, a majority interest in Sungei Wang Plaza in Kuala Lumpur, The Mines in Selangor and East Coast Mall in Kuantan. As our sixth mall and first greenfield development in Malaysia, we are pleased to commemorate the commencement of the construction of Melawati Mall today with our partner Sime Darby Property. CapitaMalls Asia will leverage on our expertise in developing and managing shopping malls around the region to create a one-stop retail and lifestyle destination that will enhance the attractiveness of the Melawati township, as well as become the lifestyle centre for residents living north east of Kuala Lumpur.”