/// West Malaysia Property News
Liew Has 35% in Eco World
Tan Sri Liew Kee Sin
has emerged as a
substantial shareholder
of Eco World
Development Group
Bhd with a 35.05%
indirect stake or 88.78
million shares in the
company.
He was appointed
non-independent and
non-executive director
of the company on
May 5.
Liew Appointed Eco World
Director
Former SP Setia’s chief executive officer Tan Sri Liew
Kee Sin
Property developer extraordinaire Tan Sri Liew
Kee Sin has been appointed non-independent and
non-executive director in Eco World Development
Group Bhd, according to a Bursa Malaysia
announcement.
The 55-year-old, who built S P Setia Bhd into one
of the largest Malaysian property companies by
market capitalisation, resigned from his position as
president and chief executive officer of S P Setia on
April 30, 2014.
However, he remains chairman of Battersea Project
Holding Co Ltd and managing director of Qinzhou
Development (M) Consortium Sdn Bhd.
Liew is the father of Liew Tian Xiong, director and
substantial shareholder of the company. Eco World
is controlled by former executives of S P Setia.
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Malaysia Airports to Open Southeast Asia’s Largest
Outlet Shopping Mall
An artist’s impression of what is being hailed by Malaysia Airports
and Mitsui Fudosan as the largest outlet shopping mall in
Southeast Asia, Mitsui Outlet Park KLIA
Malaysia Airports is
partnering Mitsui Fudasan to
develop what it hails as the
largest outlet shopping mall
in Southeast Asia, located
6km from Kuala Lumpur
International Airport (KLIA).
Scheduled to open by early
2015, Mitsui Outlet Park
KLIA will feature 140 factory
outlet stores spanning over
25,000sq m of commercial
space under Phase 1. Phases
2 and 3, which are slated
for completion by 2018
and 2021 respectively, will
increase commercial space
to 46,300sq m, housing
approximately 260 shops.
MFMA Development Sdn
Bhd, a joint venture company
started in August 2013
between Mitsui Fudasan
(with 70% ownership) and
Malaysia Airports (30%), will
undertake the construction,
leasing to tenants,
promotions as well as the
management and operations
of the outlet mall. The
company will be led by Mitsui
Fudosan’s Takehito Fukui as
Managing Director.
With a concept themed
‘Paradise Village’, Mitsui
Outlet Park KLIA will feature
four distinctive zones:
Sunshine Square, Pier Walk,
Tropical Plaza and Beach
Walk. A wide variety of
luxury and sports brands
from Europe, the USA and
Asia (including Japan and
Malaysia) will be offered
at discounted prices, and
international cuisine will
be offered under a ‘World
Food Expo’ concept. Other
highlights include a Japanese
specialty store showcasing
delicacies, traditional arts
and crafts and technology;
an entertainment, sports
and leisure centre; an
amusement park; and a
creativity development facility
for children.
“The Mitsui Outlet Park KLIA
will certainly further enhance
the spectrum of attractions
in Malaysia,” said Malaysia’s
Secretary General of the
Ministry of Tourism and
Culture Y.Bhg. Datuk Dr. Ong
Hong Peng, who officiated
the groundbreaking
ceremony last month. He
added that the project
represents “a massive leap
forward” in providing quality
and competitive shopping in
Malaysia.
Malaysia Airports believes
that the easy accessibility,
high visibility and strategic
location of Mitsui Outlet Park
KLIA, which is about 60km
from the Kuala Lumpur
city centre, make it an ideal
location for both tenants
and customers. There are
also plans to provide shuttle
bus services from KLIA to
the facility and to establish
check-in counters and flight
information display boards
to further facilitate travellers.
Additionally, there will be
over 2,500 parking lots.
The encouraging growth
Tourism Has Been the Big Driver of Kota Kinabalu & Penang’s Property Market
Sustainability
in passenger movements
also augurs well for the
project, the national airport
operator added. In 2013,
KLIA registered over 47
million passengers with
a +19% increase on-year;
the same year saw KLIA
being ranked by ACI as the
world’s 20th busiest airport
based on overall passenger
movements and the world’s
11th busiest for international
passenger movements.
A