CapitaMalls Asia and Sime Darby Property begin construction of Melawati Mall located north east of Kuala Lumpur
Singapore, Hong Kong & Kuala Lumpur, 3 October 2013 – CapitaMalls Asia Limited (SGX: JS8 and HKEx: 6813) and Sime Darby Property are pleased to mark a key milestone today by commencing construction of 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
Under a 50:50 joint venture, CapitaMalls
Present at today’s groundbreaking and construction event for Melawati Mall
“In addition to being strategically located in the established and affluent residential district of Taman Melawati, Melawati Mall is well-served by major highways and is a mere 20-minute drive from the Kuala Lumpur city
Dato’ Wahab said, “The groundbreaking ceremony is a significant milestone that puts us closer to delivering on our commitment to
“Our collaboration with CapitaMalls Asia to develop Melawati Mall is well in line with Sime Darby Property's strategic direction to participate in joint venture partnerships with reputable companies that can further unlock the value of our landbank and further enhance value from asset management. Moreover, the success of this collaboration may pave the way for other possible future strategic partnerships with CapitaMalls Asia in Malaysia or overseas.”
The 1,200-acre Melawati township is a cluster of precincts that includes Taman Melawati, Wangsa
“When Melawati Mall becomes operational at the end of 2016, it is expected to enhance the overall infrastructure of the area as a place to shop and play, and the value of properties within its vicinity. This will augur well for our current and upcoming property projects in this township,” Dato’ Wahab added.