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Saturday, January 14, 2012

AEON to open at least five more malls by 2015

KUALA LUMPUR: AEON Co (M) Bhd, the Malaysian operator of the Japan-based Jusco retail supermarket, hypermarket and shopping malls, expects to open another five to eight shopping complexes by 2015.

AEON Asean vice-president and chief executive officer Nagahisa Oyama said currently the company owned and operated 28 shopping malls, with the latest opening in Rawang in December last year.

He said a shopping mall would usually cost some RM200mil, depending on location and arrangement with the developer.

“Sometimes we have to buy the land and build, sometimes the developer will construct it and we just have to run the business.

“These new shopping malls are at the planning stage. Therefore we do not have specific locations for the complexes yet,” he said after a welcoming ceremony for new Aeon staff yesterday.

By The Star

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