Prince Real Estate Group, a member of Prince Holding Group, is developing a new commercial project in Phnom Penh, Cambodia. Featuring a four-storey building, the upcoming Prince Square will have a total floor area of 35,000 sq m with a large supermarket, an international cinema, a fitness club, international restaurants, an indoor playground and fashion stores.
“As the first commercial retailing project for Prince Real Estate Group, I am pleased to note that the construction of Prince Square will involve the use of advanced equipment and attract world-renowned brands that will cater to the needs and preferences of Phnom Penh residents,” said municipal governor of Phnom Penh, Khuong Sreng. “We hope it will attract local and international tourists to the city and increase Phnom Penh's attractiveness as an investment destination in Cambodia.”
Prince Real Estate Group recently held an investment agreement ceremony for the Prince Square project. “We are thankful for the support offered by the Phnom Penh municipal government and leaders of relative departments that has ensured the smooth development of the project so far,” said Steven Wang, CEO of Prince Real Estate Group.
“It has been a long journey for Prince Square but with such high-profile tenants signing on, we have taken an important first step. Prince Square and its strategic brand partners will complement one another by sharing resources and seeking development opportunities together, allowing us to live up to our aspiration of helping Cambodians build a better life.”
As a metropolitan area, Phnom Penh is steadily integrating into the global economy. According to the Globalization and World Cities Research Network, Phnom Penh was classified as a Gamma+ city (cities that link smaller economic regions into the world economy) in 2020, moving up the ranks over the past two years.
Prince Real Estate Group is one of the top developers in Cambodia. Founded in 2015, the company has completed numerous projects in Phnom Penh and Sihanoukville. It has contributed to the rapid transformation of urban Phnom Penh in recent years with real estate developments spanning across 1 mil sq m.
Prince Real Estate Group comprises a team of architects, property development professionals and building managers with extensive experience in developing residential and commercial buildings, resorts and integrated facilities. The company aims to be a multinational developer with aspirations to pursue projects across Southeast Asia.
Images: Prince Real Estate Group