Wired,

Curve's business not good ah? what about IPC n E@curve? New ikea in Cheras (MUCH bigger) will take away the spillover crowd from the ikea here.

The curve is happening only around the f&b section. But u see lately MPH, Marche and various retailers have closed shop. Youngsters don't go there to 'shop' they just want to lepak at starbucks etc. From a retail perspective the curve is a dud. However it serves well as a public open space.  IPC is doing well imo but thats thanks to Ikea. Yeah I do think the cheras one will take some of the crowd away...

Yeah, i wonder what CMMT saw in them. My only point is TCMs growth will be stagnant or slow down with all the new malls coming up nearby+GST kicking in. Most retail companies i know are cutting down on expenses n im expecting a slowdown of the economy for q2 2014. I think not many exciting things are happening there    U know which restaurants can survive ah?

Hope CMMT has better plans than tropicana.

CMMT did quite a good job in turning around Mines.
if you look at this:
http://www.capitamallsmalaysia.com/financial_results.html

mines even overtook sungai wang for net property income.

so far, cmmt seems to be in the habit of buying underperforming mall and hoping to turn it around.
east coast mall, furney plaza, sungai wang, and the mines.
maybe they think they can do the same for tcm?

Haha yeah.. marche closed on the 1st of Jan (didnt like their food btw). I think a lot of clothes/fashion shops might not do well in the future n FnB will be ok. I heard a lot of restaurants are selling out vouchers to keep tables full to give the impression that the food is good/one should eat there. Some restaurants lose money on the 'G' vouchers they give out.

What restaurants closed down in TCM?

Many. Off the top of my head, Artista (some time ago though, korean replacement), Kay Cafe (adidas shop now, too bad i liked this place), Otak-Otak place, Sandwich shop at 1st or 2nd floor (dont remember name but it was a good one, too bad it closed), Otak-Otak place, top floor next to subway one (forgot the name, not good though tried it 2 times before). There are more... If u go to TCM now you will see that a lot of the shop lots are on "something new opening here soon" mode.

RETAIL of 448,248sf @ RM1,000.00psf = RM448,248,000.00
OFFICE of 101,246sf @ RM650.00psf = RM65,809,900.00
CP of 1,759 nos @ RM15,000.00/bay = RM26,385,000.00
Total = RM540,442,900.00 ???
   

Dijaya or renamed tropicana corp was operating opposite at wisma dijaya previously.
then shift to this tcm office tower.
now sold pulak.
being quite a prominent developer, one would have thought they have a strong foothold of their own.
so now ended up renting an office tower from a competitor?

never really did like tcm. very bare and nothing much to offer.
only like to go there for gsc since easier to procure tickets.

but i think capital would be able to improve yields and bring more values.

i wonder whether this sale include the land next to it. rumoured to be casa damansara series?

Dijaya or renamed tropicana corp was operating opposite at wisma dijaya previously.
then shift to this tcm office tower.
now sold pulak.
being quite a prominent developer, one would have thought they have a strong foothold of their own.
so now ended up renting an office tower from a competitor?

never really did like tcm. very bare and nothing much to offer.
only like to go there for gsc since easier to procure tickets.

but i think capital would be able to improve yields and bring more values.

i wonder whether this sale include the land next to it. rumoured to be casa damansara series?

Yea said it's not right to sell it all off as the office tower (part of the deal) houses their hq.

Yeah Sushi tei is good (much btr than many msian sushi chains). AEON big n GSC is keeping the mall alive la. If either one pulls out, then TCM can close shop n tropics value will take a dive.

Anyone here know whats the tenant/type of people living in Tropics? college students? lecturers? expat? small families? i hear retired people like tropics cos of the convenience etc.

The office tower key tenants are tropicana group, CIMB securities and RFM

I think tropicana is laughing with this deal...when they can collect rm540m cash to reduce gearing and use the fund to acquire land bank and earn more profit from projects. The office tower is 5 years old, why not move to the brand new TG in few years time?

You have jap, Korean and european expats, office executives, KDU lecturers, KLGCC golf coach, couple family, old people and some air stewardess 

Tropicana Avenue Retail @ Tropicana Golf & Country Resort, PJ

new cafe replacing d former esprit lot..