Japan’s Aeon is to build a second shopping mall in Cambodia’s capital city Phnom Penh.
The news was revealed on the first birthday of Aeon’s first Cambodia mall, which it says has attracted 15 million visitors.
The new mall will be built about 10km north of Phnom Penh’s CBD in the Pong Peay City, a new residential and commercial development by the LYP Group on the city’s north side. LYP is owned by prominent local businessman and ruling party senator Ly Yong Phat.
With a 151,000 sqm footprint it will be significantly larger than the first mall, which is 108,000 sqm. The gross leasable area will be 70,500 sqm.
Like all of Aeon’s malls in Asia, the centre will be anchored by an Aeon supermarket. Supporting retailers will include Japanese brands who partner with Aeon in new developing markets and international brands such as Puma, Adidas and Levi’s.
Aeon Asia MD Washizawa Shinobu said his company is confident Cambodia’s emerging middle class will make the new centre a success, aiming to attract 10 million visitors in its first year.
“I am sure Cambodian people will be richer with economic growth like that, which means they will buy more products,” he said.