Queensbay Mall

Queensbay Mall

Location	Queensbay Mall, 100, Persiaran Bayan Indah, 11900 Bayan Lepas, Pulau Pinang.
Coordinates	5°20′05″N 100°18′24″E / 5.3346°N 100.3066°E / 5.3346; 100.3066
Opening date	1 December 2006
Management	CapitaLand Retail Malaysia
Owner	CapitaLand Retail Malaysia
No. of stores and services	400
No. of anchor tenants	1 (AEON)
Total retail floor area	879,930 sq ft (81,748 m2)
No. of floors	5
Website	queensbaymallmalaysia.com

Queensbay Mall is a shopping mall within George Town in the Malaysian state of Penang. Located at the suburb of Bayan Lepas, the mall was opened to the public in 2006.^[1] It covers a gross built-up area of 2,500,000 sq ft (230,000 m²) and contains over 400 shop lots spread out over five floors, attracting several established international brands. Its main anchor tenant is AEON and a Golden Screen Cinema complex is housed within its top floor.^[2] The mall has basement parking and multilevel parking lot for shoppers.

Since its opening in 2006, Queensbay Mall has become one of the major retail centres in Penang, competing directly against more established shopping malls within the state like Gurney Plaza. Notably, both Queensbay Mall and Gurney Plaza are managed by CapitaMalls Asia, a subsidiary of the Singapore-based CapitaLand.^[3]

The location of Queensbay Mall was previously an abandoned site of the Bayan Bay Mall Project. It was developed by Bayan Bay Development Sdn Bhd, a joint venture 70% owned by Anson Perdana Bhd and 30% by Penang Development Corporation. When Anson Perdana Bhd fell into financial distress in 1998 following the 1997 Asian financial crisis and became defunct, the project was only 60% completed. CP Group led by executive chairman Tan Chew Piau intervened in 2003 and revived the project in June 2005, which got its present name.^[4][5]