CapitaLand Investment (CLI) to work with Coronade Properties on shaping the retail vision for Johor Bahru City Centre’s Coronation Square Mall.
The new retail mall will be a key component of Coronation Square, an integrated development located in the Ibrahim International Business District within the Johor-Singapore Special Economic Zone (JS-SEZ). It will be connected to the upcoming Rapid Transit System (RTS) link.
Coronation Square is a RM5 billion integrated development spanning 9.6 acres in Johor Bahru. It comprises eight towers, including the Ascott Coronation Square Johor Bahru hotel, premium office spaces, a fully sold residential component, and the approximately 1.25 million square foot Coronation Square Mall.
CLI says that this follows the recent appointment of The Ascott Limited (Ascott) to manage Ascott Coronation Square Johor Bahru, the development’s hotel component.
“Partnering with CLI gives us access to deep retail expertise and a strong tenant network. With CLI’s proven track record of delivering successful retail destinations across the region, we are confident that Coronation Square Mall will thrive as Johor Bahru City Centre’s largest one-stop lifestyle destination, where discovery, community, and connection come together,” says Kok Wai Sing, CEO of Coronade Properties.
Shares in CLI closed 3 cents higher or 1.154% up at $2.63 on Nov 24.
