THE RETAIL MARKET IN MALAYSIA
Renewed International Interest in Malaysian Retail Centres Augurs Well For This Sector

MGPA Asia Developments, a private equity real estate investment advisory company, purchased an integrated development comprising a hotel, office tower and retail mall in Kuala Lumpur’s city centre in 2007.

A year later, German fund manager SEB Asset Management AG entered into a joint-venture with Malaysian company Puncakdana Group to develop the suburban Citta Mall in Ara Damansara in Petaling Jaya, a city that is a key constituent of GKL.
Pramerica Real Estate Investors (Asia) Pte Ltd also decided on the strategy of building a new suburban mall with the construction of SS Two Mall, also in Petaling Jaya.

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