Category : Uncategorized

Naga 3 Casino Cambodia

Asian casino investor NagaCorp Ltd says it expects to invest between US$3.8 billion and US$4 billion in another extension to NagaWorld casino resort in Cambodia’s capital, Phnom Penh. Naga 3, to be developed in a combined land area of 16,837 square metres (181,232 sq. feet), will expand the company’s gaming and non-gaming offerings, said the promoter in a Wednesday filing. Naga 3 will be located opposite to The Peak Shangri-La Development (with CapitaLand Mall).

Hong Kong-listed NagaCorp has an exclusive licence to operate casinos in Phnom Penh and its surroundings. It started Naga 1 in December 2006. That property now links to Naga 2, an expansion that in late 2017. Both Naga 1 and Naga 2 are linked undergroup via the duty free shops.

Naga 3 will be adding a total 4,720 hotel rooms to the NagaWorld Complex, divided by four hotel towers and one 55-storey condotel, as well as a 12-level multi-entertainment podium. Naga 3 will be located adjacent to and connected to the existing property via the NagaCity Walk shopping, it added.

In addition to NagaWorld managed hotels, NagaCorp said it expects to engage one or more well-known international hotel brands to manage some of the hotels in Naga 3.

The Peak Retail Mall Capitaland

The Peak Retail Mall – CapitaLand Retail to Manage Luxury Mall in Phnom Penh, Cambodia

CapitaLand Retail has signed an agreement to manage a mall in Phnom Penh, the capital of Cambodia and one of the fastest growing economies in Southeast Asia.

The mall is the retail component of The Peak, an upcoming high-end integrated development majority owned by Singapore-based developer Oxley, in partnership with Cambodian company Worldbridge Land.

The deal extends CapitalLand’s expertise in operating shopping malls to a new market after Singapore, China, Malaysia, Japan, India and Vietnam.

Mr Wilson Tan, CEO of CapitaLand Retail, said, “As the retail operating platform of the group, CapitaLand Retail is focused on growing our premier retail operations into a global platform. Through management contracts, we can scale CapitaLand’s shopping mall network in an asset-light manner. With CapitaLand’s proven track record in running successful malls across Asia, we are well-placed to explore new growth opportunities by offering our professional expertise in retail management to property owners.”

Located in Chamkarmon District in central Phnom Penh, The Peak is a freehold 55-storey integrated development comprising an office tower, the country’s first Shangri-La Hotel with 300 guest rooms, and two luxury residential towers with 1,014 apartment units sitting atop a mall.

CapitaLand will oversee asset planning, pre-opening and retail management for the five-storey mall with a Gross Floor Area (GFA) excluding car park of about 420,000 square feet (sq ft) and Net Lettable Area of about 260,000 sq ft.

 Currently under construction, the mall is expected to commence operations in 2020.

“Cambodia has in recent years attracted the interest of international retailers – including Singapore-based brands – who are keen to tap the country’s rising spending power and growing tourist arrivals. This has led to an increase in demand for well-located and well-designed retail spaces in the country. Given The Peak’s strategic location in central Phnom Penh and high-grade building specifications, it is well-positioned to meet the requirements of quality retailers seeking to serve the growing aspirations of the city’s community. CapitaLand will leverage our expertise in retail asset management and industry leading retailer network of about 17,000 leases to maximise the retail potential of The Peak,” Mr Tan added.

Located along the river esplanade, The Peak overlooks the Mekong River and Phnom Penh’s bustling cityscape. Surrounded by high-end residential developments and key commercial and government buildings, The Peak’s immediate catchment area covers the prime residential and commercial districts of Chamkarmon and Diamond Island.

In Phnom Penh, CapitaLand also manages three serviced residences through its wholly owned serviced residence business unit, Ascott. They are CASA Meridian Residence, which is operational, and Somerset Norodom Phnom Penh and Somerset Meridian Square Phnom Penh opening this and next year respectively.

Register for More Info HERE

The Peak Cambodia Office

Rare Grade A Office in Phnom Penh For Sale

With the increasing demand of Grade A Office in the capital of Cambodia, we are pleased to announced the launch of Grade A office in The Peak, the most sought after development in the heart of Phnom Penh City. Integrated with world renowned 5 Star Hotel Shangri-La, The Peak consist of hotel, 5-level high end shopping mall, residential units and Grade A office. The impressive facade will make The Peak as a landmark in Phnom Penh upon completion.

All the office units at The Peak come with efficient and functional layout. The practical layout offers buyers the flexibility to combine adjoining units, ideal to both investors or companies who intend to purchase for own use. Occupiers are often mindful of how a building can reflect their overall image and the role it plays in attracting and retaining staff, and offices at The Peak offers an unparalleled experience for the purchasers in term of corporate image.


Soaring 55 storeys into the clouds, The Peak stands tall in the sky. This iconic golden development is poised to become a landmark in the city centre where the world looks up to. With luxurious Shangri-La Hotel, offices, residences, restaurants and retail, The Peak, is the world’s next destination for live, work and play.

Register here for The Peak Office Latest Updates and Pricing.

error: Content is protected !!