Sime Darby Bhd group COOr and Sime Darby Property MD Datuk Wahab Maskan (left) and CapitaMalls Asia CEO Lim Beng Chee at the ground breaking ceremony. Under a 50:50 joint venture, Sime Darby Property and CapitaMalls Asia are developing Melawati Mall as an eight-storey shopping mall, which is expected to be operational at the end of 2016.
KUALA LUMPUR: Sime Darby Property
and CapitaMalls Asia Ltd are jointly developing a shopping mall with an expected total development cost of about RM670mil.
Sime Darby said in a statement that under the 50:50 joint venture, they would develop Melawati Mall in the Taman Melawati commercial area. To be completed at the end of 2016, it will have a net lettable area of about 620,000 sq ft.
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