Giant Cambodia launches in Phnom Penh
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Giant Cambodia has opened its first store in the kingdom, in Phnom Penh’s Grand City Mall.
It is part of a major expansion into Cambodia by the Malaysian wholly owned subsidiary of pan-Asian retailer Dairy Farm International, which also has a 70 per cent stake in Lucky Private, the owner of Lucky Supermarkets.
Dairy Farm International Indochina CEO Paul Sheldrake says Giant will offer a new experience and choices for Cambodians with its brand-name health and beauty products and housing accessories.
New international shopping complexes are boosting retail supply in the capital, such as the 57,000 sqm Parkson’s Phnom Penh City Centre scheduled to open last year but revised to late this year. Also coming on line then will be Lion City, an integrated project by Malaysia’s Lion Group covering 61,000 sqm.
Other new entrants include HongKongLand’s Exchange Square, covering 8000 sqm and opening early next year.
Real estate analyst CBRE has forecast retail space in Phnom Penh to increase more than 110 per cent by early next year.
Questions & Answers
Q.Which company owns Giant Cambodia?
Which company owns Giant Cambodia?
Giant Cambodia is owned by a Malaysian subsidiary of Dairy Farm International. This pan-Asian retailer also holds a 70 per cent stake in Lucky Private, the company that owns Lucky Supermarkets in Cambodia.
Q.What kind of products will Giant Cambodia offer to customers?
What kind of products will Giant Cambodia offer to customers?
Giant Cambodia plans to offer brand-name health and beauty products, alongside housing accessories. This new range aims to provide Cambodians with fresh choices and a different shopping experience, according to the Indochina CEO.
Q.What other large retail developments are planned for Phnom Penh?
What other large retail developments are planned for Phnom Penh?
Several other large retail projects are coming to Phnom Penh, including Parkson's Phnom Penh City Centre, Lion City by Malaysia's Lion Group, and Exchange Square by HongKongLand. These new international shopping complexes will significantly boost retail supply.
Q.How much is retail space in Phnom Penh expected to grow?
How much is retail space in Phnom Penh expected to grow?
Real estate analyst CBRE has forecast a significant increase in retail space for Phnom Penh. The firm anticipates that retail space will grow by over 110 per cent by early next year, indicating rapid expansion in the sector.
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