Queensbay Mall makes maiden entry into Penang retail sector
With the completion and opening of Queensbay Mall in December 2006, the market witnessed the first time entry of AEON’s Jusco as the anchor tenant and several international known brand retail merchants into Penang retail scene. By end of 2007, there will be 2 Jusco stores in Penang. The second Jusco store, currently under construction, is located at the Central Mall in Bandar Perda, Bukit Mertajam. Aeon to open second store in Penang state.
Meanwhile, Tesco is set to take over Makro stores in Malaysia. If the deal is successfully concluded, it’s Penang stores will increase to 3 ie. one existing store at Gelugor plus two newly acquired stores located in Sungai Dua of Penang Island and Seberang Jaya. Malaysia’s top retailer ; Diary Farm’s Giant have also make their presence in Penang with 2 stores whilst Carrefour has one existing store at Seberang Jaya.
Queensbay Mall, which was stalled for 8 years, is located within a waterfront mixed development scheme formerly known as Bayan Bay, has been revived by CP Group in 2005. More information at related links on Queensbay Development and Queensbay brings shine to Penang