Sime will team up with CapitaMalls to build RM670mil complex

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.