Debenhams picks Penang for third store in Malaysia

Property News/ 5 November 2012 Leave a comment

GEORGE TOWN: Debenhams, one of Britain’s oldest retailers, is opening its third store in Malaysia amid the region’s fast-growing economy.

To be located at Gurney Paragon, Penang, the store will be Debenhams’ first outlet outside Kuala Lumpur and also its first flagship store for the northern region.

Debenhams Malaysia master franchisee Stellar Retail Sdn Bhd chose Penang as the third location for expansion in the Malaysian retail market after establishing two stores in Kuala Lumpur.

Stellar Retail managing director Andy Jackson said the new 20,000 sq ft store in Gurney Paragon is scheduled to open in July or August next year with construction expected to start in the next few months.

Speaking at a press conference after the signing ceremony between Gurney Paragon and Debenhams on Saturday, Jackson said between RM3 million and RM4 million will be invested for the new store.

Also present were Hunza Properties Bhd executive chairman Datuk Khor Teng Tong and group managing director Datuk Daisy Ooi, Debenhams plc’ head of international business development John Scott and Penang state executive councilor Chow Kon Yeow.

Jackson said Debenhams Malaysia plans to open several stores in Malaysia and outside the Klang Valley, adding that Johor Baru could be an ideal location for the southern region.

Source: Business Times

  1. Uncle Ho
    November 14th, 2012 at 15:18 | #1

    Got sell Pil Chi Kit Teck Aun or not?

    But great to see Penang attracting these big stores 😀

  2. Indo
    November 14th, 2012 at 17:12 | #2

    no point they come here penang if their price is selling like mark spencer or metrojaya, penang people still not up to that mark yet.

  3. lierking
    November 16th, 2012 at 00:51 | #3

    “Jackson said between RM3 million and RM4 million will be invested for the new store.”

    WTF! RM3M only, is that a mis-print!

    Otherwise, it goes to show how little confidence De bent hams have on Penang!

    The store is doom to fail.

  4. ezalor
    November 16th, 2012 at 10:07 | #4

    In Gurney, still OK lar….other places? sorry lor. See, whole Penang, only Gurney Plaza can have decent class only, even QB mall only second class and less shoppers and manage to survive saja.

  5. Pgkia
    November 23rd, 2012 at 02:40 | #5

    Penang need a second mall with huge retail space and good management to counter against the blood sucking singaporean based mall. These foreign based mall knows that they control two of the most highest traffic mall in Penang and thus they can charge their tenant at their own whim n fancy. This will directly hurt penangites as tenant will increase their price to cover their operating cost. Own goverment both federal and state seems to be sleeping and let these foreign based company acquire anything they wish. Even a lot of hotels in Penang are now owned by Singaporean :(

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