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Friday, October 23, 2009

Mydin to open hypermarts in key towns

Mydin Mohamed Holdings Bhd plans to open hypermarkets in all the key towns in Malaysia like Kuantan, Johor Baru and Seberang Prai in the long run.

Its managing director, Datuk Ameer Ali Mydin, said the company would open two hypermarkets in Meru Raya and Manjoi in Perak by 2011.

"The areas have been identified and the proposals are now in ''planning approval'' stage," he told reporters after the opening of the 46th ''My Mydin'' mini market which is based on eco-retail concept in Kota Seriemas near Nilai today.

He said currently, the company has three hypermarkets in Subang Jaya, Melaka and Kuala Terengganu.
Ameer said the RM70 million wholesale hypermarket in Kubang Krian, Kelantan would start operations in January 2010 and would hire 450 staff.

He said the company would also build 30 more ''My Mydin'' mini markets in the Klang Valley next year.

"The company will franchise the mini markets once it has built at least 50 branches. This is to ensure more entrepreneurs get to run the mini markets," he said.

Ameer said the Kota Serimas mini market was different from its other branches.

"It is built with attractive landscaping to give shoppers the peace of mind and comfort.

"It has also a surau, a reception area, children's playground, free parking, and kioks selling all types of products," he said.

He said the company aimed to make the Kota Serimas mini market a ''one-stop centre'' for the locals to buy provisions and allow them to interact and organise various activities.

By Bernama

CIMB-Mapletree buys Patimas Computers HQ

CIMB-MAPLETREE Management Sdn Bhd (CMM) has bought Patimas Computers Bhd’s headquarters in Bukit Jalil, Selangor, for RM60 million.

Patimas will continue to lease and utilise the building as its headquarters over a period of 12 years, with an option for an extension.

The property, located within Technology Park Malaysia, comprises a two-storey purposed-built Grade A office building with a gross area of 138,000 sq ft.

This purchase is the fourth commercial property to be acquired by CMREF 1 Sdn Bhd – a Malaysian-focused private closed-end real estate fund that is managed by CMM, a joint-venture between CIMB Group and Mapletree Investments Pte Ltd of Singapore.

By Business Times