Three new shop­ping cen­ters to open within a year

The China Post - - TAIWAN BUSINESS - BY JOHN LIU

Rid­ing off the grow­ing pop­u­lar­ity of out­let stores in Tai­wan, de­vel­op­ers are plan­ning to open three more shop­ping cen­ters in the next year, which an­a­lysts say will en­hance lo­cal liv­ing and con­ve­nience.

The first new de­vel­op­ment set to open its doors is Glo­ria Out­let (

) in Taoyuan. Con­ve­niently lo­cated near a transit sta­tion that con­nects to Tai­wan High Speed Rail and the Tai­wan Taoyuan In­ter­na­tional Air­port MRT line, the out­let is part of the Taoyuan Aerotropo­lis pro­ject.

Pas­sen­gers will be able to con­duct ad­vance flight check-ins at the out­let, which is set to be­gin oper­a­tions in the fourth quar­ter this year.

The out­let is a joint ef­fort by Glo­ria Ho­tel Group, Cathay Life In­sur­ance ( ) and con­sult­ing firm The Out­let! Com­pany. In ad­di­tion to shops and stores, Glo­ria Out­let de­vel­op­ers ex­pect to add a five-star ho­tel, of­fice build­ings, and a movie theater in the fu­ture.

Out­let Park ( ), a joint ven­ture be­tween Far­glory Group (

) and Ja­pan’s Mit­sui Group, is sched­uled to open in the first quar­ter of 2016. Lo­cated in Linkou, New Taipei City, it is only a fiveminute walk from the air­port MRT’s A9 Sta­tion.

Mit­sui Group, which owns a 70-per­cent stake in the ven­ture, will in­tro­duce Ja­panese brands as well as Ja­panese man­age­ment to the out­let.

The shop­ping cen­ter will in­te­grate restau­rants and en­ter­tain­ment fa­cil­i­ties, in­clud­ing a su­per­mar­ket, theater, book­store, and more. All of the in­door and out­door venues are tai­lor de­signed to meet Tai­wan’s cli­mate con­di­tions, de­vel­op­ers said.

Out­let Mall ( ) in Taichung is pro­jected to open doors in the third quar­ter of 2016. De­vel­oped by Lih Pao Group ( ), the mall will com­bine the re­sources of Lih­pao Land theme park and Ful­lon Ho­tels & Re­sorts.

Lih Pao is also part­ner­ing with Ja­pan’s BAC, PROD and RIC, spend­ing up to NT$2 bil­lion in an at­tempt to build another Ja­panese style shop­ping cen­ter.

More Out­lets to Open

Michael Wang ( ), man­ager at Sinyi Realty's (

) Global As­set Man­age­ment Co., at­trib­uted the surge of out­let con­struc­tion to in­creased online shop­ping, which has af­fected sales

a in re­tail stores, depart­ment stores and hy­per­mar­kets.

As store rev­enues re­cede year by year, out­lets have emerged as a win­ner for of­fer­ing lower prices as well as their fash­ion prod­ucts, which may not be avail­able online, Wang said.

There are six out­let stores cur­rently op­er­at­ing on the is­land, in­clud­ing E-Da Out­let Mall (

) in Kaoh­si­ung, and two medium-sized out­lets in Cen­tral Tai­wan.

Mit­sui Group be­lieves Tai­wan has room for more, and plans to open two to three out­lets in Taichung and Tainan in the fu­ture.

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