Queensbay – Penang’s biggest mall
Penang will soon have a new landmark called the Queensbay Mall, a 2.5 million sq ft shopping centre in Bayan Lepas.
Billed as the largest mall in the northern state, it was formerly known as the Bayan World Megamall where the construction work had stalled under its previous owners since the 1997 Asian financial crisis.
The CP group, which was invited by the Bayan Bay Development Bhd to be the “white knight” to revive the project, is set to complete the mall by 2007.
It will also complete the entire waterfront project that will include shop offices, bungalows, gated semi-detached homes, sea-view villas, condominiums, an international business-class hotel and other business and dining facilities.
The entire integrated seafront township, called Queensbay on 73 acres of prime freehold land in the south-western seafood of Penang island, will have a gross development value of RM1.5 bil.
Penang Chief Minister Tan Sri Dr Koh Tsu Koon witnessed the signing ceremony between Cp Mall Sdn Bhd and AEON Co (M) Bhd for the latter’s retail arm, Jusco, to be the main anchor tenant. Jusco will occupy 255,000 sq ft of the retail space. It will be the first Jusco store in the state. The mall will be the largest and longest shopping mall on the island with more than one million sq ft of net lettable space spread over five floors, with 525 retail lots. Dr Koh said in his speech that with the project being located within Penang’s Multimedia Super Corridor (MSC) or Cybercity, residents there would be provided with the broadband wireless facilities.
Source :The Star 17/10/2006 Close Window