Link: https://links.sgx.com/1.0.0/corporate-announcements/E87C5P4EV3MYS38W/4fe017e94783b9d4abbc8a093e841f916594d919a1e195664d78361467675dd1

Summary:

• CapitaLand Investment Limited (CLI) appointed by Coronade Properties to shape retail vision for Coronation Square Mall, a 1.2 million sq ft project in Johor Bahru City Centre.

• The RM5 billion integrated development features eight towers, including a hotel managed by Ascott (CLI), premium offices, fully sold residences, and the landmark mall.

• Project is strategically situated within the Johor-Singapore Special Economic Zone (JS-SEZ), directly linked to the upcoming Rapid Transit System (RTS) and Bukit Chagar station, enabling seamless Singapore-Johor access.

• Construction of the flagship mall to begin in 2026, with completion targeted for 2029.

• Partnership leverages CLI’s regional retail and hospitality network to boost tenant mix, visitor experience, and cross-border shopper inflow in Johor Bahru.

• Coronade aims to position Coronation Square as a gateway urban destination catalyzing the transformation of Johor Bahru into a world-class metropolis.

• CLI continues to drive responsible growth, ESG priorities, and aims for Net Zero carbon emissions (Scope 1 & 2) by 2050.

• The collaboration also opens doors for Singapore-based retailers and global brands to expand into Malaysia through CLI’s ecosystem.