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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



TODAY:
What changes can we expect in shopping malls and retail shops in the near future?
TODAY, Netherlands:
Multi Netherlands kicks off the major city center project in Rotterdam.
YESTERDAY, United Kingdom:
L&G has announced a £10 million increase in its investment of The Grafton Cambridge.
YESTERDAY, Russia:
Crocus Group presents Vegas Kuntsevo, the third project in a network of thematic shopping malls in Russia.
DAY BEFORE YESTERDAY, USA:
Toys 'R' Us has hired Kirkland & Ellis to represent them as they can start bankruptcy proceedings.
Sep 14, 2017, USA:
Simon announced the Grand Opening of a 500,000-square-foot, shopping, dining, and entertainment complex in Texas.


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Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place


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