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Location | George Town,Penang |
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Coordinates | 5°25′17″N100°19′30″E / 5.42146°N 100.325°E /5.42146; 100.325 |
Address | 126,Burmah Road, 10050George Town,Penang,Malaysia |
Opening date | 1982 |
Total retail floor area | 138,222 sq ft (12,841.2 m2) |
No. of floors | 10 |
Parking | 88 |
[1][2] |
Penang Plaza is a shopping mall withinGeorge Town in theMalaysian state ofPenang. Located atBurmah Road within thecity's Central Business District (CBD), the 10-storey 138,222 sq ft (12,841.2 m2) retail complex was the city's first shopping mall. Completed in 1982, it comprises three retail floors, a seven-storey tower that accommodates offices and maintenance spaces, and 88 car park bays.[1][2]
The mall serves as an annexe to the adjacent Hotel Royal.[3]Giant is the main anchor tenant of the mall, which has experienced declining footfall due to the emergence of newer shopping malls throughout the city.[4][5]
Penang Plaza was built in 1982, making it the firstshopping mall inPenang.[1] It preceded the completions ofKomtarα andIsland Plazaβ, althoughGAMA Supermarket & Departmental Store had been opened in 1967.[6] Penang Plaza, Komtar and GAMA emerged as the three primary shopping destinations ofGeorge Town by the late 1980s.[7]
Both the mall and the adjacent 21-storey Dorsett Penang Hotel were owned by local real estate company Faber Kompleks.[2] The hotel was managed byDorsett Hospitality International, a subsidiary ofHong Kong-basedFar East Consortium. Dorsett Penang Hotel was reportedly the first Dorsett hotel that was managed without ownership of the property.[8]
In 2008, Hotel Royal Limited, aSingapore-based hospitality company, acquired both Penang Plaza and the adjacent hotel.[2][9] Penang Plaza had a net value of RM18.9 million as of 31 December 2007[update].[2] The mall underwent renovations from 2009 to 2010.[10]
Despite the refurbishments, it struggled with dwindling foot traffic due to competition from newer shopping malls throughout George Town and was referred to as a "white elephant" by local media.[5] Both the mall and the hotel were also impacted by theCOVID-19 pandemic, leading Hotel Royal Limited to lay off hotel staff. However, the mall remained operational for the duration of the pandemic.[3][11]
Penang Plaza is situated at the junction ofBurmah Road and Jalan Larut, withinGeorge Town'sCentral Business District.[5][7]
^αKomtar wastopped out in 1985.[12]
^βIsland Plaza was opened in 1995.[13]