Singapore-based CapitaLand Retail will manage the new mall located in The Peak, an upcoming high-end project in Phnom Penh, after entering into an agreement with Oxley and Worldbridge Land. Wilson Tan, CEO of CapitaLand Retail, said with CapitaLand’s proven track record in running successful malls across Asia, the company is well-placed to explore new growth opportunities by offering the expertise in retail management to property owners. Sear Rithy, chairman of WorldBridge Land, said yesterday that CapitaLand Retail is an established company when it comes to managing shopping malls. According to him, 80% of Singaporean malls are owned by CapitaLand Retail. (Source: Khmer Times)