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SANDAKAN TO SOON UNVEIL ITS FIRST HARBOUR SHOPPING MALL AND INTERNATIONAL HOTEL
Sandakan Harbour Mall signs agreement with Parkwell as anchor tenant

Sandakan, Sabah, 26 July 2011: Today marks two significant milestones for award-winning urban renewal development Sandakan Harbour Square – the topping up ceremony of Harbour Mall Sandakan and Four Points by Sheraton hotel, as well as the signing of the mall's anchor tenant, Parkwell Departmental Store and Supermarket.

Developed by ICSD Ventures Sdn Bhd (a wholly-owned subsidiary of London-listed Aseana Properties Ltd) together with Sandakan Municipal Council ('MPS') as its joint venture partner and managed by Ireka Development Management Sdn Bhd (a subsidiary of Ireka Corporation Berhad), Sandakan Harbour Square has a gross development value of approximately RM510 million (USD170 million). The integrated commercial development obtained the much-coveted Asia Pacific Property Awards 2009 (in association with CNBC Arabiya), in the Commercial Redevelopment category.

The 5-level Harbour Mall will be the first harbour shopping mall situated in the heart of Sandakan town, offering 200,000 sq ft of prime spaces for retailers, aside from being a new shopping haven for both locals and tourists in Sandakan. Above the 5-level Harbour Mall, reaching 26 storeys, sits the 300-room Four Points by Sheraton hotel tower, which will also be Sandakan's first internationally branded business hotel, set to elevate Sandakan's hospitality and leisure standard to a new level.

The topping up ceremony for Harbour Mall Sandakan and Four Points by Sheraton hotel was attended by guest-of-honour, Yang Berbahagia Datuk Ir. James Wong, President of Sandakan Municipal Council; Lai Voon Hon, President/CEO of Ireka Development Management Sdn Bhd; Chuck Abbott, Regional Vice President for South East Asia of Starwood Asia Pacific Hotels & Resorts; Allan Soo, Managing Director of CB Richard Ellis (Malaysia); as well as other distinguished guests, business associates and members from MPS. The auspicious ceremony was held at the 26th floor of the mall and hotel tower, which are scheduled for opening at the end of the year and early 2012 respectively.

"I wish to say, that I am pleased with the progress of the Sandakan Harbour Square project. I am delighted with the socio-economic benefit that this project has brought and will continue to bring to the Sandakan town and the people of Sandakan," said Datuk Ir. James Wong, President of Sandakan Municipal Council. "We at Sandakan Municipal Council, will continue to support investments that will bring major development or significant changes to the town. In addition to our continuous effort to revive the town's former glory, it is our aspiration to further strengthen Sandakan's position as Sabah's second biggest urban metropolis," he added.

"We have been very fortunate as the Sandakan Harbour Square urban renewal development has been receiving strong support from Sandakan Municipal Council as well as the Sabah State Government since its inception. Together with credible partners such as CB Richard Ellis, our retail mall operator for Sandakan Harbour Mall, and the Four Points by Sheraton brand by Starwood Group, it is Ireka's aspiration to continuously enhance the value of its developments," said Lai Voon Hon, President/CEO of Ireka Development Management Sdn Bhd.

The event also witnessed the signing of Harbour Mall Sandakan's anchor tenant, Parkwell Departmental Store and Supermarket, which will take up a retail space of approximately 48,000 sq ft. Lai Kock Poh, Managing Director of Evergreen (1979) Trading Sdn Bhd (owner of Parkwell) said, "With its modern design concept and retail mix, I am confident that Sandakan Harbour Mall will meet the retail needs of the locals and tourists in Sandakan. Indeed, Parkwell is pleased to be the anchor tenant of Sandakan Harbour Mall, in line with the Group's expansion in East Malaysia."

Some of the brands which will be the tenants at the Harbour Mall Sandakan include Levi's, Gintel, Bata, GNC, The Body Shop, Tomei Gold & Jewellery, SOX World, SN Mutiara, SOG and Jeff Eyewear Space. The mall has allocated an area of 18,000 sq ft as the food court and a 6,000 sq ft area for the entertainment and games centre.

The Four Points by Sheraton hotel will feature 300 rooms along with three food and beverage outlets, a lounge bar and over 17,000 sq ft of flexible meeting and function space. "We are delighted to witness the topping up ceremony of Four Point by Sheraton Sandakan, which is an exciting addition to the brand's growing footprint in Malaysia," said Chuck Abbott, Regional Vice President for South East Asia of Starwood Asia Pacific Hotels & Resorts. "With its timeless and stylish comfort offering, Four Points by Sheraton has proved a huge hit for Starwood worldwide, because of the "halo" of the iconic Sheraton brand. The opening of this hotel in early next year will take hospitality to another level in the city of Sandakan," added Abbott.

 



The signing of Harbour Mall Sandakan's anchor tenant Parkwell Departmental Store and Supermarket was attended by (L-R) Chuck Abbott, Regional Vice President for South East Asia of Starwood Asia Pacific Hotels & Resorts; Lai Voon Hon, President / CEO of Ireka Development Management Sdn Bhd; Datuk Ir. James Wong, President of Sandakan Municipal Council; Lai Kock Poh, Managing Director of Evergreen (1979) Trading Sdn Bhd, owner of Parkwell Department Store and Supermarket; Allan Soo, Managing Director of CB Richard Ellis (Malaysia) and Datuk John Lim, Sabah Tourism Board of Director.


Significant milestone: Topping up ceremony of Harbour Mall Sandakan and Four Points by Sheraton hotel was represented by Chuck Abbott, Regional Vice President for South East Asia of Starwood Asia Pacific Hotels & Resorts; Datuk Ir James Wong, President of Sandakan Municipal Council and Lai Voon Hoon, President / CEO of Ireka Development Management Sdn Bhd.

 

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