Aeon Mall to Break Ground in November

Japanese developer Aeon Mall (Cambodia) Co. Ltd. will break ground on a 68,400 square meter high-end shopping mall in Phnom Penh in November, the firm said yesterday. Speaking during an introductory workshop for potential tenants, Kuniaki Minohara, general manager of Aeon’s leasing department, said the mall will include 150 large retail units, a Cineplex that can seat 1,000 people and 15,000 square meters of entertainment space that will include a shopping arcade and recreation area for children. Aeon acquired its 6.7-hectare site on Sotheaors Boulevard near the Russian Embassy last year. … Mr. Minohara was mum on the expected cost of construction, though experts estimate a project of its size could cost in excess of $200 million.