Century Plaza market to be transformed into shopping centre

• Kongleaphy Keam
• 7 August 2019
• Uncategorized
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One of the oldest markets in Phnom Penh along the Russian Federation Blvd Century Plaza is to be transformed into a shopping centre following a recent meeting between the developer, vendors, and city hall.

On 04 August, a meeting was held between Mr Nuon Pharat, vice governor of Phnom Penh Municipal Hall, the developer, and around 300 vendors from Century Plaza to discuss the transformation of Century Plaza into a shopping centre. The meeting was concluded smoothly.

Phnom Penh City Hall spokesman Met Meas Pheakdey, confirmed with Construction and Property Magazine on 06 August that the municipality is aware of the plan to develop a shopping centre at Century Plaza, but was unable to provide further details of the project.

“There is an investment for Century Plaza; this is the business of the private sector, but as the authority, we know there is an arrangement for Century Plaza to be a shopping centre like Aeon, City Mall, and Sorya Mall,” he said.

Further details of the project will be provided soon.

According to the Phnom Penh Market Review report by international real estate agency CBRE Cambodia, during the second quarter of 2019, four new community mall projects were announced with a total net leasable area of 28,444 square metres. Currently, more than 300,000 square metres of net leasable areas are available in the retail market.

• Projects Development