Landlords turn to costly mall renovations to ward off aggressive e-commerce threat

Tenant remixing is another key strategy.

Retailers are turning to costly asset renovations in a bid to curb the threat of e-commerce, a report by CIMB revealed today.

CIMB stated that active tenant remixing and rejuvenation of malls through asset enhancement initiatives (AEIs) is the key to maintaining healthy tenant sales, occupancy cost and room for rental reversion.

The local online shopping market is projected to reach $3.66b (US$2.7bn) in 2014 and $4.7b (US$3.45bn) by 2015.

This figure makes up ~9-11% of total retail sales in Singapore, suggesting there is further room to grow compared against 15% in markets such as US and Europe.

“Landlords actively rejuvenate their malls through AEI and tenant remixing, and can reap economies of scale when negotiating with tenants. With SG50 and our expectation of an increase in tourism receipts, we are hopeful that things will start getting better for both retailers and landlords this year,” stated the report.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia