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Shopping mall sector investment for 8990 Holdings



The mass housing developer, 8990 Holdings, is set to move into the shopping center development sector.
This follows the P9bn follow-on which led to investors, such as TPG Global and Khazanah Nasional Berhad entering the sphere.  The group will commence mall construction that will integrate into its medium and high-rise residential units.
  
The ‘integrated mall’ concept will be controlled by the company’s main subsidiary, 8990 Housing Development Corp. under its brand name ‘Urban DECA Homes.’

The first of its projects will be the property on Ortigas Ave. Extension.  It was bought during February for P2.2bn.  The integrated mall will be the main feature of the 13ha development which includes low-cost, mid-rise, mixed use condos.

This will offer ideal facilities for the growing working class who are seeking affordable, decent housing close to their places of work, and other amenities.

The group President, Januario Jesus Atencio showed excitement at the project and noted that the integration would be a new template for the group’s vertical projects which will add massive value to their mass housing condominium units.  The innovations will not shift the price which caters for the masses.


More about shopping malls in Malaysia



Aug 14, 2019, USA:
The flagship store in NYC presents an updated global concept of The North Face retail stores.
Aug 14, 2019, United Kingdom:
Crew Clothing and independent retailer Starlings Toy Outlet are set to open shops in the East Midlands.
Aug 13, 2019, USA:
Nike announced the launch of the sneaker subscription service for children.
Aug 13, 2019, Russia:
The brand has entered Russia for the first time through Ingka Centres’, formerly IKEA Centres, MEGA mall in Moscow.
Aug 12, 2019, Italy:
WRM Group and Conad signed an agreement to acquire Auchan Retail Italia, announced by the financial community.
Aug 9, 2019, Hong Kong:
An American fast-food chain has announced the opening of its flagship restaurant in an updated concept in Hong Kong.
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