Retail Development Sector

 


Prince Real Estate Group, a subsidiary of Prince Holding Group, a renowned Cambodian conglomerate, has successfully completed the investment agreement ceremony for Prince Square. The project is the real estate developer's first commercial retail project in Phnom Penh, Cambodia, and it will bring a bevvy of well-known brand names to the city, including Adidas, Levi's, Skechers, Nike by Supergo, Huawei, OPPO, Potato Corner, Dakasi, Panda Cake, and Pizza Hut.

Phnom Penh, as a metropolitan centre, is steadily integrating into the global economy. According to the Globalization and World Cities Research Network, Phnom Penh will be categorised as a Gamma+ city (cities that connect smaller economic regions into the global economy) in 2020, having risen in the rankings during the previous two years.

With a total retail floor area of 35,000 square metres. Prince Square will be a four-story structure that will have a huge supermarket, an international cinema, a health club, international restaurants, an indoor playground, and fashion retailers.

More information about retail - https://en.wikipedia.org/wiki/Retail

“I am deeply impressed by the number of tenants that have already signed on for Prince Square. As the first commercial retailing project for Prince Real Estate Group, I am pleased to note that the construction of Prince Square will involve the use of advanced equipment and attract world-renowned brands that will cater to the needs and preferences of Phnom Penh residents,” said H.E. Mr. Khuong Sreng, municipal governor of Phnom Penh. “We hope it will attract local and international tourists to the city and increase Phnom Penh’s attractiveness as an investment destination in Cambodia.”

Prince Real Estate Group is one of Cambodia's leading developers. Prince Real Estate Group, which was founded in 2015, has completed multiple projects in Phnom Penh and Sihanoukville. With real estate projects spanning 1 million square metres, it has contributed to the fast redevelopment of metropolitan Phnom Penh in recent years.

“We are thankful for the support offered by the Phnom Penh municipal government and leaders of relative departments that has ensured the smooth development of the project so far,” said Steven Wang, CEO of Prince Real Estate Group. “It has been a long journey for Prince Square but with such high-profile tenants signing on, we have taken an important first step. Prince Square and its strategic brand partners will complement one another by sharing resources and seeking development opportunities together allowing us to live up to our aspiration of helping Cambodians build a better life.”

Prince Real Estate Group is led by an experienced team of architects, property development professionals, and building managers with considerable expertise designing residential and commercial buildings, resorts, and integrated facilities.

Prince Real Estate Group aspires to be an international developer with projects in Southeast Asia on the horizon.

About Prince Holding Group

Prince Holding Group, also known as Prince Group or Prince Group Cambodia, is one of Cambodia's greatest corporate conglomerates, having operations in real estate development, banking, finance, aviation, tourism, logistics, technology, food and drinks, and lifestyle. Prince Group is committed to its objective of "Building a Better Life," and its philosophy promotes the qualities of "Commitment, Responsibility, Respect, Generosity, and Innovation."


Comments

Post a Comment

Popular posts from this blog

Cambodian ESG Plans For The Nation

Image
  COVID-19 has emphasised the significance of environmental, social, and governance (“ESG”) standards in businesses around the world. However, there was talk of reform even before the pandemic. Last year, the Business Roundtable (a group of 181 CEOs from America's major organisations) stated that companies must “support the communities in which they operate”, reversing the long-held focus on shareholder wealth maximisation advocated by American economist Milton Friedman. The year is 2020, and things have changed. This year, Prince Holding Group (“PHG”), one of Cambodia's major conglomerates, recognised this and blazed a trail for enterprises in the Kingdom seeking to adhere to ESG principles. Since April, the Group has given multiple large-scale gifts to aid in the fight against the pandemic and flood victims, and Neak Oknha Chen Zhi has been the main force behind the donations. For example, in early December, Cambodia Prince ChenZhi and PHG sent Prime Minister Hun Sen US$3,00...
Read more

Joint Scholarship Launch For Education Future

Image
  Prince Holding Group ("Prince Group"), one of Cambodia's largest conglomerates, has signed an agreement with the Ministry of Education, Youth, and Sport (MoEYS) to establish a scholarship programme for Cambodian university students. Prince Group will cover the full cost of tuition and stipends for 400 selected students pursuing Bachelor of Science degrees at prestigious Cambodian universities, including the Royal University of Phnom Penh, the National University of Management, and the Institute of Technology of Cambodia. Prince Group, led by Cambodia Chenzhi , will contribute more than US$2 million over a seven-year period. https://en.wikipedia.org/wiki/Education_in_Cambodia Due to the critical nature of public-private partnerships, Prince Group will collaborate with the government to accomplish the goals outlined in the Education Strategic Plan (2019-2023). Prince Group will collaborate with MoEYS to ensure students receive financial assistance, training, mentoring, an...
Read more

Strategic Rebranding For Way Forward

Image
  Prince Foundation, formerly known as Prince Charitable Foundation, has unveiled a new logo, name, and mission statement: "Together, Building a Better Future for Cambodia." Prince Foundation is the charitable arm of Prince Holding Group ("Prince Group"), one of Cambodia's largest corporations, with numerous subsidiaries focused on three core areas: real estate development, financial services, and consumer services. In Chinese, Prince Foundation will be known as 太子慈善 (translated as "Prince Foundation"). The rebranding comes after an in-depth evaluation of Prince Foundation's previous six years of high-impact charitable operations, during which it hosted more than 250 charity events that benefited more than half a million Cambodians and raised more than US$14 million in total donations. Prince Foundation strives for its activities to be more holistic and closely integrated with Cambodia's national development goals, in line with an emerging tren...
Read more