Carrefour signs MoU on new Kepong store

CARREFOUR Malaysia has signed a memorandum of understanding with BH Realty Sdn Bhd to open its ninth store at the Kepong Entrepreneurs' Park by the end of next year. 

Carrefour managing director Jean-Luc Montembault said the new store would be sited in an 84-acre mixed township and serve Kepong's surrounding areas like Selayang, Bandar Sri Damansara, Segambut and Gombak. 

The new outlet will occupy a smaller space of 6,000 sq m, compared with the 10,000 sq m that a Carrefour outlet normally takes up. 

Carrefour has six stores - four in the Klang Valley (Subang Jaya, Wangsa Maju, Sri Petaling and Mid Valley Megamall) and one each in Seberang Jaya (Penang) and Johor Baru. 

Magnificient Diagraph Sdn Bhd, the operator of Carrefour hypermarkets in Malaysia, has invested more RM500mil in the six stores. It recorded RM811mil in sales last year. 

“We are projecting a 4% to 5% sales growth this year and expect to open more stores as the need arises,” Montembault said after the signing ceremony in Petaling Jaya yesterday. 

“We plan to open future stores by giving priority to already available leasing commercial space to help revitalise the growth of local property industry,'' he said. 

Carrefour's seventh outlet in Cheras, Kuala Lumpur, is scheduled to open by the middle of next month. Its eighth store, planned for early next year, will be at the Alamanda Shopping Complex in Putrajaya. 

Meanwhile, Datuk Mustapha Buang, the managing director of BH Realty's parent company Asian Pac Holding Bhd, said that the new Carrefour hypermarket would enhance the three different “Fortune” projects at the Kepong Entrepreneurs' Park. 

The three Fortune projects are: Fortune Square, a 294 unit 4-1/2-storey shop-office with a gross value of RM34mil; Fortune Park, comprising 258 two-storey terraced houses and 42 units of 2 1/2-storey semi-detached houses with a total gross value of RM130mil; and Fortune Court consisting of 4-storey shop-apartments with 110 shops and 441 apartment units with a total gross value of RM70mil.  

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