1st shopping mall developer cum manager secures MRCA membership
Kuala Lumpur, 7 August 2017 – Central Pattana Public Company Limited (CPN)’s maiden international regional shopping centre, Central i-City recently became a member of the Malaysia Retail Chain Association (MRCA). A joint-venture collaboration or smart partnership between CPN, Thailand’s largest retail developer and investor, and I-City Properties Sdn Bhd (ICP), an affiliate of Malaysian property developer i-Berhad, Central i-City was invited by the MRCA council to apply for membership and received a certificate at the association’s July 2017 monthly meeting event, attended by over 200 guests.
CPN Ventures Sdn Bhd chief operating officer Anthony Dylan shared that they are thankful to receive this membership, effective from July 2017, as this will provide them with the opportunity to capitalize on the collective experiences and resources of Malaysia’s premier and dynamic group of retail experts. They see this membership as a springboard to network, and to establish partnerships and collaboration opportunities with retailers through sharing of insights, word-of-mouth marketing, dialogues and seminars, among other avenues. The prospects of networking with industry players and experts bode well with our core value of ‘success of partners’. “Through this membership, we aim to champion the shopping centre’s ‘landlord-retailer synergy’ through interactive and appreciation initiatives such as retailer familiarization trips to Thailand, tenant announcements and briefings as well as media exposure, among others. This will help facilitate a better understanding between us and the retailers, so we are cognizant of their needs and expectations,” he added further.
Central i-City, expected to open in 2018, is situated in Klang Valley’s most advanced technology and lifestyle hub and is a landmark that signifies CPN’s advancement into the ASEAN shopping centre landscape. It positions itself as a primary distinguished destination with facilities for everyone, both young and old alike. Incorporating the best of Malaysian retail and the latest ideas from Thailand, Central i-City’s innovative concept will allow visitors to appreciate the Thai shopping experience – a much-loved trend – locally. CPN’s vision is to be the most admired and dynamic regional retail property developer with world- class rewarding experience. To achieve that, CPN will continue to ensure that all components of its shopping centres pay due attention to service users — whether through basing shop selection on diversity and novelty, the staging of interesting activities or providing complete amenities.
Central Pattana Public Company Limited (CPN)
Central Pattana Public Company Limited (CPN) is Thailand’s largest retail developer with over 35 years of experience. CPN currently manages 30 shopping centres under the brands CentralWorld (1), CentralPlaza (24) and CentralFestival (5) with almost 70 million square feet of Gross Floor Area space (GFA). Additionally, CPN manages seven (7) office buildings; two (2) hotels; and one (1) residential and three (3) condominium projects. It is the leader in the retail development and management sector with the largest share of Bangkok’s retail market at over 20%. Central i-City in Malaysia is CPN’s maiden international regional shopping centre – a landmark that signifies the company’s advancement into the ASEAN shopping centre landscape. Situated in the Klang Valley’s most advanced technology and lifestyle hub – i-City – this regional shopping centre is a joint venture project between CPN and i-Berhad of Malaysia, and is expected to open in October 2018. For media enquiries, please contact Ms. Catherine Leonard at +6 or via email at:
