Aseana Prop Ltd (ASPL) - Opening of hotel and mall development
RNS Number : 3651P
Aseana Properties Limited
24 October 2012
24 October 2012
Aseana Properties Limited
("Aseana" or the "Company")
Aseana opens mall and hotel at Sandakan Harbour Square
Aseana Properties Limited (LSE: ASPL) a property developer investing in
Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange,
announces the completion of Sandakan Harbour Square and the official opening
of the Harbour Mall Sandakan and the Four Points by Sheraton Sandakan hotel,
The 12-acre Sandakan Harbour Square is an award-winning urban renewal project
with a gross development value (GDV) of approximately US$170 million. Aseana
completed construction of Sandakan Harbour Square in Q1 2012, together with
joint venture partner Sandakan Municipal Council. Alongside the hotel and
mall, the development comprises a central market (market and fish jetty), town
square and waterfront esplanade as well as commercial shop offices.
The new 300-bed hotel is managed by Starwood Hotels & Resorts under the "Four
Points by Sheraton" brand. With stunning views of the Sulu Sea, the hotel
offers state-of-the-art convention, meeting and banqueting facilities - the
largest in the city. The hotel also offers a range of quality food and
beverage outlets, a gym and an outdoor "infinity-edge" swimming pool on the
13^th floor overlooking the scenic Sandakan Bay.
Harbour Mall Sandakan, the integrated retail hub, incorporates 200,000 sq ft
of retail space acrossfive storeys, a 11,000 sq ft food court and 6,000 sq ft
entertainment and games centre, with 978 covered parking bays. It is Sandakan
city's only air-conditioned modern lifestyle mall with hotel accommodation,
shopping, convention centre, dining and entertainment all under one roof.
The mall boasts a great tenant mix with international brands including
McDonald's, Levi's, The Body Shop, Watson alongside national brands such as
Gintell Lifestyle & Healthcare, SN Mutiara fashion boutique and anchor tenant
Parkwell Department Store and Supermarket.
Sandakan Harbour Square is located within the central business district of
Sandakan Town, Sabah's second largest city and serves as the new commercial
hub of the city. The development site offers good accessibility to a series of
main roads as well as the coastal highway, and a number of famous ecotourism
destinations including the world-famous Sepilok Orang Utan Sanctuary, Sun Bear
Sanctuary, Sandakan Rainforest Park, Turtle Islands Park, Kinabatangan River
and Gomantong Caves. In 2009, the development received an award at the Asia
Pacific Property Awards in the commercial redevelopment category.
Dato' Mohammed Azlan Hashim, Chairman of Aseana said: "Aseana and Ireka (the
development manager), are delighted to be officially opening Harbour Mall
Sandakan and the Four Points by Sheraton Sandakan. The new shopping mall,
together with Sandakan's only international brand hotel, complement the
city's reputation as a famous ecotourism destination, providing quality
shopping, dining, entertainment and accommodation facilities.
Aseana and Ireka are very proud to have realised our ambitions for Sandakan:
bringing modern lifestyle, social rejuvenation and a tourism boost to the
city. With the launch of Harbour Mall and the Four Points by Sheraton
Sandakan, we believe that Sandakan Harbour Square has secured its position as
the city's bustling commercial hub."
The official opening of the mall and hotel was attended by Sabah Chief
Minister, Rt. Hon. Datuk Seri Panglima Musa Aman who commented: "Having
witnessed the birth of this project in 2003, I can testify that Sandakan city
centre has been transformed from a sleepy backwater to the modern, vibrant
city it is now.
Sandakan Harbour Square scheme is a great example of private-government joint
partnership. This iconic landmark has rejuvenated Sandakan into a thriving
commercial hub, complementing this famous ecotourism destination with
international class accommodation and shopping facilities. We must not also
forget the abundant employment and business opportunities Sandakan Harbour
Square brings to Sandakan."
The project is managed by Ireka Development Management Sdn Bhd (a subsidiary
of Ireka Corporation Berhad).
For further information:
Aseana Properties Limited Tel: +603 6411 6388
Chan Chee Kian Email: firstname.lastname@example.org
Murphy Richards Capital LLP Tel: 020 3214 9934
Paul Richards / Rachel Rees Email: email@example.com
Singer Capital Markets Limited Tel: 020 3205 7500
James Maxwell (Corporate Finance) /Sam
Tavistock Communications Tel: 020 7920 3150
Jeremy Carey / James Verstringhe Email: firstname.lastname@example.org
Notes to Editors:
London-listed Aseana Properties Limited (LSE: ASPL) ("Aseana") is a property
developer investing in Malaysia and Vietnam.
Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development
Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation
Berhad, a company listed on the Bursa Malaysia since 1993, which has over 45
years of experience in construction and property development. IDM is
responsible for the day-to-day management of Aseana's property portfolio and
the introduction and facilitation of new investment opportunities.
This information is provided by RNS
The company news service from the London Stock Exchange
NRABKNDQPBDDAKB -0- Oct/24/2012 06:00 GMT
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