Japanese mall buys swathe of prime real estate
In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in Cambodia. Sok Cheng, deputy director at the municipal land management department, confirmed that Aeon Mall had purchased land next to the recently opened Sofitel Phokeethra hotel in Chamkar Mon district and said that the deal had gone through with the help of a Cambodian investor, whose name he declined to reveal…
