MIRI: Boulevard Hypermarket signed a memorandum of understanding (MoU) with SOP Properties yesterday to acquire five acres of land in Taman Lambir Jaya for a new hypermarket.
Boulevard Hypermarket managing director Raymond Lim and Sarawak Oil Palm Berhad (SOPB) group executive chairman Tan Sri Datuk Ling Chiong Ho inked the deal at Imperial Hotel here.
Lim told The Borneo Post that the proposed double-storey hypermarket at Taman Lambir Jaya would have a retail area spanning 200,000 sq feet.
It would have a supermarket, a departmental store, wholesale area, food court, children amusement centre, and handicraft and fresh produce markets.
There would also be 30 retail shops selling items ranging from mobile phones to shoes and fashion wear.
Lim said construction work might start by the end of next year and be completed by mid-2016.
This hypermarket will be a one-stop shopping centre for the convenience of locals and plantation workers; they will be able to shop without having to travel to Miri city.
On the handicraft and fresh produce markets, Lim said it would be modelled after the traditional tamu, where petty traders could sell their products there.
Meanwhile, SOP Properties, a subsidiary of SOPB, is launching its first commercial development in Taman Lambir Jaya.
Located some 40km from the city and lying besides the Miri-Bintulu Road, Taman Lambir Jaya is a potential bustling business centre connecting Bekenu, Long Lama, Bakong, Niah and Baram.
It also serves as the supply hub for the palm oil industry in the area.
Sprawling 27.8 hectares, the proposed commercial development will have 119 units of shophouses, a petrol station with a drive thru restaurant, and over 570 houses.
The population around the area is about 118,600, and it is believed SOP Properties proposed commercial project would propel economic growth in the area.