CapitaLand to open 8 shopping malls in 2017, seeks retailers at MAPIC in Cannes

SINGAPORE (Nov 17): CapitaLand intends to open eight new shopping malls in 2017, six of which are retail components of integrated developments in China, and one each in Malaysia and India.

These are namely Raffles City Changning and LuOne in Shanghai; Raffles City Shenzhen; Raffles City Hangzhou; Suzhou Center Mall; and CapitaMall Westgate in Wuhan. The other two are Melawati Mall in Kuala Lumpur, Malaysia; and Forum Mall in Mysore, India.

In a Thursday release, the real estate developer says the malls will have a combined retail gloss floor area (GFA) of close to 1 million sq m, marking CapitaLand’s largest retail GFA offering within a single year.

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