Aeon Cambodia opens second mall, plans the third
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Japanese retailer and mall operator Aeon has opened Cambodia’s largest shopping mall in Phnom Penh.
It is the second Aeon Mall to open in the Cambodian capital.
MD Seiichi Chiba said at the opening that Aeon Cambodia’s first Phnom Penh mall has been well-received by Cambodian shoppers, attracting more than 18 million people since opening in 2014, prompting the development of the second mall.
While the new property has been constructed in a relatively low-priced location, its larger scale has involved similar building costs to the city’s first Aeon, which reportedly cost around US$205 million. Sources close to Chiba have disclosed that Aeon Cambodia may have been scouting for further potential sites for a third mall that could be built in the city’s southern districts.
In July last year, market research firm Euromonitor named Aeon Group the best-performing APEC retailer in terms of total sales, number of outlets, sales area and sales per square metres.
Questions & Answers
Q.What is the primary reason Aeon decided to open a second large mall in Phnom Penh?
What is the primary reason Aeon decided to open a second large mall in Phnom Penh?
The first Aeon mall in Phnom Penh was very successful, attracting over 18 million visitors since its 2014 opening. This positive reception from Cambodian shoppers encouraged the development of the second mall.
Q.How do the construction costs of the new mall compare to the first Aeon Mall in Phnom Penh?
How do the construction costs of the new mall compare to the first Aeon Mall in Phnom Penh?
Despite being built in a lower-priced location, the new mall's larger scale resulted in similar building costs to the city's first Aeon. The first mall reportedly cost around US$205 million to construct.
Q.Has Aeon Cambodia indicated any further expansion plans beyond this new mall?
Has Aeon Cambodia indicated any further expansion plans beyond this new mall?
Sources close to MD Seiichi Chiba have suggested that Aeon Cambodia might be looking for additional sites for a third mall. This potential new development could be located in the southern districts of the city.
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