Giant Cambodia has opened its first store in the kingdom, in Phnom Penh’s Grand City Mall.
It is part of a major expansion into Cambodia by the Malaysian wholly owned subsidiary of pan-Asian retailer Dairy Farm International, which also has a 70 per cent stake in Lucky Private, the owner of Lucky Supermarkets.
Dairy Farm International Indochina CEO Paul Sheldrake says Giant will offer a new experience and choices for Cambodians with its brand-name health and beauty products and housing accessories.
New international shopping complexes are boosting retail supply in the capital, such as the 57,000 sqm Parkson’s Phnom Penh City Centre scheduled to open last year but revised to late this year. Also coming on line then will be Lion City, an integrated project by Malaysia’s Lion Group covering 61,000 sqm.
Other new entrants include HongKongLand’s Exchange Square, covering 8000 sqm and opening early next year.
Real estate analyst CBRE has forecast retail space in Phnom Penh to increase more than 110 per cent by early next year.