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Singapore retailer Mustafa buys part of JB mall, aims to open first flagship store in Malaysia

Summary by Ground News
Well-known Singapore retailer Mustafa is making its first moves into the Malaysian market. Mustafa, which operates its flagship 24-hour Mustafa Centre in Singapore's Little India district, will purchase unsold retail units in Capital City Mall. The RM368 million (about S$114 million) deal also includes 374 accessory parcels, comprising alfresco and multipurpose areas.

3 Articles

The Star Kuala LumpurThe Star Kuala Lumpur
Right

Singapore's famed shopping giant - Mustafa Centra - to open flagship store in Johor Bahru

Singapore’s famed Mustafa Centre, operated by Mustafa’s Pte Ltd (Mustafa) is set to open its flagship store in Johor Bahru, Malaysia soon.

·Malaysia
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Channel News AsiaChannel News Asia
Center

Singapore retailer Mustafa buys part of JB mall, aims to open first flagship store in Malaysia

Mustafa, known for its namesake 24-hour mall in Singapore, will purchase 591 unsold retail units in Johor Bahru's Capital City Mall.

·Singapore
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Asia OneAsia One

Mustafa aims to open first Malaysia department store in Johor Bahru this year

SINGAPORE - Local retailer Mustafa’s, which operates Mustafa Centre in Syed Alwi Road, will open its first department store in Malaysia in a shopping mall in Johor Bahru, mall owner Capital World announced on Friday. Singapore-listed Capital World said in a bourse filing that it will sell most of the retail space at its 11-storey Capital City Mall in Tampoi...

·Singapore
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Channel News Asia broke the news in Singapore on Friday, January 27, 2023.
Sources are mostly out of (0)

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