Thursday, April 14, 2011

CapitaMalls Asia Signs MOU with Japan’s PARCO

CapitaMalls Asia Limited Wednesday announced that it has signed

a Memorandum of Understanding (MOU) with PARCO Co Ltd to

explore business collaborations in China and Japan.

PARCO is a major shopping mall owner and manager in Japan with

20 malls in key cities in the country, including Tokyo, Osaka, Nagoya,

Fukuoka and Sapporo. Outside Japan, PARCO manages one

property in Singapore’s Marina Bay area.

CapitaMalls Asia has been bringing Japanese retailers to its other
markets outside Japan. It said the proposed collaboration with

PARCO will further strengthen this effort by tapping on PARCO’s

extensive network of retailers in Japan.

CapitaMalls Asia and PARCO will also explore new investment

opportunities in Japan. The company said it will be able to tap on

PARCO’s extensive network to identify new opportunities to grow its

business in Japan.

CapitaMalls Asia has seven shopping malls in Japan.

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