Daily Archives: 28 Oct 2009

New mall at Marina Bay by end of 2010

Posted on 28 Oct 2009 | Comments Off on New mall at Marina Bay by end of 2010

Financial centre mall to feature upmarket stores and link MRT station to neighbouring buildings
An artist’s impression of the new mall, which will link Downtown MRT station to buildings such as The Sail and Marina Bay Sands. The Marina Bay Link Mall will have 217,000 sq ft of gross floor area and feature upmarket tenants. — PHOTO: RAFFLES QUAY ASSET MANAGEMENT

FIFTY-FIVE per cent of the 176,000 sq ft of retail space at the upcoming Marina Bay Financial Centre (MBFC) has been taken up.

Phase one of Marina Bay Link Mall, which covers 93,800 sq ft, is expected to obtain its temporary occupation permit (TOP) in the second quarter of next year. And business is likely to start in Q4 next year.

According to manager Raffles Quay Asset Management (RQAM), which also manages One Raffles Quay, 40 per cent of the stores at Marina Bay Link Mall will be food and beverage (F&B) outlets. The rest will be retails.

F&B outlets will include Paradise Inn – a casual dining concept by The Paradise Group – and the Indian restaurant chain Mirchi, by the company behind Harry’s Bar. Continue reading →

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Metro seeks to expand reach into suburbs

Posted on 28 Oct 2009 | Comments Off on Metro seeks to expand reach into suburbs
At the opening of Metro’s new store last Friday at City Square Mall ? the firm’s fourth in Singapore ? were (from left) Mr Phua Bah Lee and Mr Jopie Ong, members of Metro’s board of directors, Mr Lee Yi Shyan, Minister of State for Trade and Industry and Manpower, Mr Gerald Ong, a director on the board, and Mrs Wong Sioe Hong, Metro’s managing director. — ST PHOTO: CAROLINE CHIA

Retail chain has allotted at least $14m for growth in S’pore and overseas

RETAIL chain Metro is looking for more opportunities to expand in ‘underserved’ areas of Singapore, while aggressively pushing into China and Indonesia.

The firm’s local reach expanded last Friday when it launched its fourth store at City Square Mall near Little India – its first opening here in seven years.

Managing director Wong Sioe Hong told The Straits Times how the chain, which had dwindled in the mid-1990s, had changed to meet new challenges.

‘We have been waiting for an opportunity but there weren’t any new malls for the past few years. Most of the new ones are on the Orchard stretch, which is already crowded,’ said Mrs Wong. Continue reading →

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