Queensbay Mall

Queensbay Mall is a large shopping mall in Bayan Lepas, within the George Town urban area of the Malaysian state of Penang. Opened to the public in 2006, it became one of Penang's principal retail destinations and a major commercial centre serving residents, visitors and the rapidly developed Bayan Lepas area. The complex has a gross built-up area of approximately 2.5 million square feet and more than 400 shop lots distributed across five floors. Its retail mix combines international and Malaysian fashion labels, a department-store and supermarket anchor, specialist retailers, restaurants, cafes and entertainment venues. The mall occupies a site that had previously been associated with the abandoned Bayan Bay Mall Project. The original development was undertaken by Bayan Bay Development Sdn Bhd, a joint venture in which Anson Perdana Bhd held a 70 percent interest and the Penang Development Corporation held 30 percent. The project was approximately 60 percent complete when Anson Perdana encountered financial distress in the aftermath of the 1997 Asian financial crisis and subsequently became defunct. The stalled development was revived after intervention by the CP Group, led by executive chairman Tan Chew Piau, with work restarting in 2003 and the project being revived in June 2005. It subsequently opened under the Queensbay Mall name in 2006. Queensbay Mall contains approximately 883,111 square feet of net lettable area, making it one of the largest malls in George Town by this measure. Its principal anchor is AEON, which operates a supermarket and apparel-related retail presence across the lower floors. The tenant mix has included established fashion and lifestyle brands such as Calvin Klein, Forever 21, Guess, Timberland, Giordano, Body Glove, Levi's, H&M, Lacoste, Uniqlo and Padini, as well as the Popular bookstore and Harvey Norman. Food and beverage outlets have included Starbucks, The Coffee Bean & Tea Leaf, J.CO Donuts, Nando's, Häagen-Dazs, Haidilao, Mixue, Chagee and Tealive, although individual tenant rosters can change over time. Entertainment is centred on Golden Screen Cinemas, which occupies the top floor with an eight-screen cineplex. The cinema has been described as Golden Screen Cinemas' second flagship branch in Penang. Basement and multilevel parking support the mall's regional catchment and high-volume retail model. The mall competes with other established Penang shopping centres, particularly Gurney Plaza. Both Queensbay Mall and Gurney Plaza have been associated with management by CapitaMalls Asia, a subsidiary of Singapore-based CapitaLand. The available reference material does not establish Queensbay Mall's current legal owner, corporate structure, current management agreement or a separate listed-company identity. Queensbay Mall is therefore best understood as a place-based retail and entertainment brand rather than an independently listed consumer company.

Queensbay Mall developed from the unfinished Bayan Bay Mall Project in Bayan Lepas. The original project was developed by Bayan Bay Development Sdn Bhd, a joint venture involving Anson Perdana Bhd and the Penang Development Corporation. Anson Perdana held a 70 percent stake while the Penang Development Corporation held 30 percent. The development was disrupted by the financial difficulties that followed the 1997 Asian financial crisis. When Anson Perdana fell into financial distress and became defunct, the project was left incomplete at roughly 60 percent. A revival effort began after the CP Group, led by executive chairman Tan Chew Piau, intervened in 2003. The project was revived in June 2005 and was subsequently repositioned and renamed Queensbay Mall. It opened to the public in 2006, introducing a large-scale retail and entertainment complex to the Bayan Lepas area. The completed mall has five floors, approximately 2.5 million square feet of gross built-up area and more than 400 shop lots. Its reported net lettable area is approximately 883,111 square feet. The development was designed as a regional destination rather than a small neighbourhood centre, combining a large AEON anchor with fashion, lifestyle, specialist retail, food and beverage and entertainment tenants. Golden Screen Cinemas established an eight-screen cineplex on the top floor, while basement and multilevel parking supported the mall's broad catchment. Following its opening, Queensbay Mall became one of Penang's major retail centres and a direct competitor to longer-established malls such as Gurney Plaza. The two malls have both been associated with management by CapitaMalls Asia, the retail-property subsidiary of Singapore-based CapitaLand. Queensbay Mall's tenant roster has included numerous international brands alongside prominent Malaysian retailers and restaurant operators. Because shopping-centre tenants and management arrangements may change, the available sources do not support treating every listed outlet as a permanent occupant or confirming the mall's current ownership structure.

• 2006

  Queensbay Mall opens

  [1]Queensbay Mallen.wikipedia.org

  Queensbay Mall opened to the public in Bayan Lepas, Penang, with a five-floor retail and entertainment format.

• 2005

  Project revived and renamed

  [1]Queensbay Mallen.wikipedia.org

  The development was revived in June 2005 and moved forward under the Queensbay Mall identity.

• 2003

  Revival intervention

  [1]Queensbay Mallen.wikipedia.org

  The CP Group, led by executive chairman Tan Chew Piau, intervened in the stalled development and began efforts to revive the project.

• 1998

  Original Bayan Bay development stalls

  [1]Queensbay Mallen.wikipedia.org

  The Bayan Bay Mall Project was left incomplete at approximately 60 percent after developer Anson Perdana Bhd encountered financial distress following the Asian financial crisis.

A large regional shopping, dining and entertainment destination serving Penang, with a broad international and Malaysian tenant mix and a strong anchor-retail and cinema proposition.

• Anchor retail

  AEON

  AEON is the mall's principal anchor tenant, providing supermarket and apparel-related retail across the lower floors. Its presence gives Queensbay Mall a regular grocery and department-store traffic base in addition to its fashion, lifestyle and specialist shops.

• Cinema and entertainment

  Golden Screen Cinemas

  Golden Screen Cinemas operates an eight-screen cineplex on the mall's top floor. The venue has been identified as the cinema company's second flagship branch in Penang and forms the principal dedicated entertainment component of the complex.

• Apparel and accessories · 2006

  Fashion and lifestyle retail

  The mall's fashion and lifestyle mix has included brands such as Calvin Klein, Forever 21, Guess, Timberland, Giordano, Body Glove, Levi's, H&M, Lacoste, Uniqlo and Padini. These outlets position Queensbay Mall as a broad, multi-brand apparel destination rather than a specialist or discount-only centre.

• Restaurants and cafes · 2006

  Food and beverage collection

  Queensbay Mall has hosted a broad selection of restaurants, cafes, dessert outlets and food stalls. Reference material names operators including Starbucks, The Coffee Bean & Tea Leaf, J.CO Donuts, Nando's, Häagen-Dazs, Haidilao, Mixue, Chagee and Tealive, illustrating a mix of international, Malaysian and regional quick-service concepts.

1. 1Queensbay Mallen.wikipedia.org