Aeon Mall to open sprawling new facility at former Space World site
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A Space World amusement park in Kitakyushu city, on Kyushu Island, will be the site of a commercial complex to be developed by Aeon Mall.
Landowner Nippon Steel & Sumitomo Metal Corp has been discussing development of the Fukuoka Prefecture site with Aeon, with the target of launching a commercial complex by 2021. It will encompass retail, entertainment, culture and dining.
According to the city government, the two companies have signed a provisional lease contract for the 270,000 sqm lot, with a formal deal expected to be struck after the Space World lease expires at the end of June.
Questions & Answers
Q.What kind of facilities will the new Aeon Mall development include?
What kind of facilities will the new Aeon Mall development include?
The new commercial complex is planned to be multi-faceted. It will incorporate various elements, including retail outlets, entertainment venues, cultural spaces, and dining options, all within the sprawling facility in Kitakyushu city.
Q.Who owns the land where the new Aeon Mall facility will be built?
Who owns the land where the new Aeon Mall facility will be built?
The landowner for the site in Fukuoka Prefecture is Nippon Steel & Sumitomo Metal Corp. They have been in discussions with Aeon regarding the development of the former amusement park location, leading to the planned commercial complex.
Q.Has a formal agreement been reached for the new development?
Has a formal agreement been reached for the new development?
A provisional lease contract has been signed between Aeon and Nippon Steel & Sumitomo Metal Corp. A formal deal is anticipated to be finalised once the current lease for Space World expires at the end of June this year.
Q.When is the new commercial complex expected to open?
When is the new commercial complex expected to open?
Aeon Mall and landowner Nippon Steel & Sumitomo Metal Corp are targeting a launch for the commercial complex by 2021. This date is part of their plans for the extensive development on the former Space World site in Kitakyushu.
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