last month news about the curve damansara
https://www.edgeprop.my/content/1486726/spa...-boustead-focusKUALA LUMPUR (Feb 4): A recent spate of exits of several long-time tenants at The Curve and eCurve has left many wondering about the future direction of the two shopping malls that are ultimately owned by Boustead Holdings Bhd.
The malls, located in Mutiara Damansara, Petaling Jaya, Selangor, where Boustead owns substantial land and property developments, are operated by Bousted Curve Sdn Bhd. The malls come under Boustead’s property division.
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In just the first two months of this year, Laundry (a bar cum restaurant that takes up a large corner-lot space with alfresco dining), Pho Hoa (a Vietnamese restaurant) and Hadramawt (a Middle Eastern restaurant) left The Curve.
Laundry, which had been a tenant for some 12 years, is one of the brands under Malaysian-based food and beverage (F&B) group Chaswood Resources Holdings Ltd. Chaswood is listed on Singapore’s Catalist market.
Pho Hoa, another long-time tenant, had also been there for over a decade.
These add on to other tenants that left The Curve last year, including restaurants The Apartment (also owned by Chaswood), Johnny Rockets and Bubba Gump. Bubba Gump’s spacious lot has been empty since the restaurant left in March last year after almost 10 years there.
Meanwhile, Boustead said the reason some of The Curve’s long-time tenants, such as Bubba Gump and Pho Hoa, moved out was because they were exiting the country.
“Pho Hoa’s brand principal in Singapore terminated the lease. Pho Hoa ceased its business in February 2019. Their last outlet in Malaysia was at The Curve,” it said.
As for Laundry, it said there was a mutual agreement to terminate the lease between both parties, as the tenancy had ended. “This is a good opportunity for us to enlist and explore a new F&B tenant.”