CapitaLand Investment to Advise on Retail Strategy for Johor Bahru’s Coronation Square Mall

SGX Filings
11/24

CapitaLand Investment Limited has been appointed by Coronade Properties Sdn Bhd to help define and execute the retail vision for Coronation Square Mall, the planned 1.25 million square foot shopping centre within the Johor-Singapore Special Economic Zone.

Coronation Square Mall will form the retail core of Coronation Square, a RM5 billion integrated project in the Ibrahim International Business District of Johor Bahru. The development, covering 9.6 acres, will feature eight towers that include the Ascott Coronation Square Johor Bahru hotel, office space and a fully sold residential component. The mall will be directly linked to the forthcoming Bukit Chagar Rapid Transit System station that connects Johor Bahru with Singapore.

Ground-breaking for the mall is scheduled for 2026, with completion targeted for 2029. CapitaLand Investment’s role follows the earlier appointment of its lodging arm, The Ascott Limited, to manage the development’s hotel component.

Executives from both companies said the collaboration is intended to leverage CapitaLand Investment’s network of more than 70 malls across Singapore, Malaysia and China to attract tenants and visitors, positioning Coronation Square as a key lifestyle destination in Johor Bahru City Centre.

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