Thai-based Makro Supermarket to Open Nine Branches

• 6 September 2017
• Property Focus
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Thai-based Makro supermarket has announced it intends to open nine new branches in Cambodia following the opening of its first wholesale outlet later this year.

After breaking ground in late May 2017, Makro is currently constructing a two-storey 10,000-square-metre wholesale warehouse supermarket on a 5-hectare plot in Beong Pung Peay city in Phnom Penh’s Sen Sok district in the northwest of the capital. The giant shopping facility is located in the same vicinity as the Aeon Mall II Supermarket and the recently announced Korean-based E-Mart.

The Makro brand has entered the Cambodian market as Makro Cambodia via a USD2 million joint venture between Thai-based Siam Makro and Cambodia’s LYP Group Company Limited. The first Makro is expected to be open to buyers in December 2017.

LYP Group, owned by ruling party senator Ly Yong Phat, is also developing satellite city Beong Pung Peay City close by.

Local TV station PNN reported Makro Cambodia general manager Prak Khornsong Thanaphop as saying that construction on the first Makro is now 70% complete. “Upon finishing the first outlet, the second branch will be built very soon,” he said adding, “nine more branches will spread across the country in the near future.”

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