Centro Properties Group

What Centro Properties Group does

Centro Properties Group Sdn Bhd is a Malaysian private property development and management company headquartered at No. 8, Jalan Batu Tiga Lama, 41300 Klang, Selangor, and a subsidiary of the See Hoy Chan Holdings Group, which is also responsible for award-winning developments including 1 Utama Shopping Centre and Bandar Utama. Founded in 2006, the company develops and operates a single integrated mixed-use asset — the Centro complex in Klang — comprising four core revenue-generating components: Centro Mall (a 280,000 sq ft neighbourhood shopping mall), Grand Centro Ballroom (a 16,000 sq ft pillar-free event venue with 2,000-guest capacity), Centro Office Tower (a 29-storey commercial building with over 1 million sq ft of built-up area and 700+ parking bays), and Centro Business Centre (seminar rooms and business lounge on Level 3 of the office tower). The company also operates ancillary revenue lines including Centro Card (a QR-code loyalty programme), WorkInc@Centro (co-working space inside the office tower), and Centro Pickleball (an indoor pickleball court launched on Level 2 of the mall).

Name

Centro Properties Group

Legal name

Centro Properties Group Sdn. Bhd.

Website

https://centro.com.my

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Centro Properties Group Sdn Bhd is a Malaysian private property company that develops and manages the integrated Centro mixed-use complex in Klang, Selangor — operating Centro Mall, Centro Office Tower, Grand Centro Ballroom, and Centro Business Centre to retail tenants, corporate office lessees, event organisers, and SME/startup meeting clients.

Ownership category

akta.pro rank

Product category

Commercial Real Estate (Mixed-Use Property)

NAICS

Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Convention Campus & District Operators (Integrated Venue Districts) (THAHAAAL)

akta.pro secondary industries

Specialty & Entertainment Venue Property Management (BPAJAGAO), Convention & Exhibition Centers (Public Convention Centers, Civic Centers) (THAHAAAA)

Keywords

• Commercial property development
• Shopping mall management
• Office space leasing
• Event venue rental
• Mixed-use property

Headquarters

HQ city

Batu Tiga

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Retail Mall Rental: Rental income from diverse tenant mix including F&B, retail shops, banking services, and specialty stores occupying space in Centro Mall.
2. Office Tower Leasing: Commercial office space rental from 160sf to 18,000sf across 29 floors, including penthouse units, in Centro Office Tower to multinational corporations and local businesses.
3. Ballroom and Event Venue Rental: Rental of Grand Centro Ballroom (16,000 sq ft) for weddings, conferences, concerts, and corporate events. Packages available for weekday and weekend bookings.
4. Business Centre Rental: Rental of seminar rooms and business lounge for corporate meetings, training seminars, and conferences. Rooms available in Studio One (50-60 seats) and Studio Two (70-90 seats).
5. Parking Services: Vehicle parking fees at Centro Mall with first 2 hours RM2.00 and subsequent hours RM2.00, with weekend flat rates and overnight charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Centro Properties Group develops and operates an integrated mixed-use property in Klang, Malaysia, comprising a retail mall (Centro Mall), a 29-storey commercial office tower (Centro Office Tower), a large-format event venue (Grand Centro Ballroom), and corporate meeting facilities (Centro Business Centre). Revenue is generated primarily through recurring rental income from tenants, event and meeting room bookings, parking fees, and a loyalty program (Centro Card).

Product overview

Centro Properties Group operates an integrated mixed-use property development in Klang, Malaysia, comprising Centro Mall (a neighbourhood shopping centre with 280,000 sq ft NLA), the Grand Centro Ballroom (a 16,000 sq ft event venue), Centro Office Tower (a 29-storey commercial building with over 1 million sq ft built-up area), and Centro Business Centre (meeting and conference facilities). The portfolio also includes Centro Card (a loyalty programme) and Centro Pickleball (an indoor sports facility). The various components work together to provide an integrated business, retail, leisure, dining, and entertainment destination.

Differentiator

Problem solved

Functional benefit

Brands

• Centro Card: Customer loyalty program offering points earning and redemption rewards for Centro Mall shoppers.

Products and services

• Centro Mall

Quantifiable outcome

• Grand Centro Ballroom capacity up to 2,000 guests
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Sunway REIT: Diversified Malaysian REIT with retail, office, hotel, healthcare, and education assets anchored by Sunway Pyramid mall. Offers broader portfolio diversification across asset classes versus Centro's single integrated development.
• Mah Sing Group: Mid-tier Malaysian developer with mixed-use projects including integrated retail, office, and residential components in the Klang Valley. Offers geographic and segment comparison.
• S P Setia (Setia City Mall): Malaysia's largest listed property developer, operating Setia City Mall and integrated townships. Comparable integrated mixed-use development operator with diversified asset base.
• IOI Properties Group (IOI City Mall): Major Malaysian developer and owner of IOI City Mall in Putrajaya, one of the largest integrated malls in Malaysia. Comparable in scale and integrated format.

Direct peers

• Pavilion REIT (Pavilion Kuala Lumpur): Operates Pavilion KL, an integrated luxury retail and office complex in Bukit Bintang. Comparable mixed-use format with mall anchor and connected office tower; serves similar premium retail and corporate tenants.
• The Curve / e@Curve (Boustead REIT): Mid-tier neighbourhood mall with adjacent office block (e@Curve) in Mutiara Damansara. Directly comparable to Centro's mid-tier neighbourhood positioning and retail + office format.
• Suria KLCC / KLCC Stapled Group: Iconic integrated retail + Grade-A office + convention centre complex beneath the Petronas Twin Towers in KL. Closest analogue to Centro in scope (anchor mall, signature office tower, large event venue) though at much larger scale and prime CBD location.
• Tropicana Corporation (Tropicana Gardens): Develops Tropicana Gardens, an integrated mixed-use complex in Petaling Jaya featuring a retail mall, office tower, residences, and event venue. Direct comparable as a similarly-scaled integrated Klang Valley development.
• IGB REIT (Mid Valley Megamall + The Gardens Mall): Operates the integrated Mid Valley Megamall and The Gardens Mall plus connected office towers in KL. Highly comparable mixed-use retail + office operator with established tenant mix and proven footfall.

Regional players

• Selangor Properties (Top Glove Tower / mixed-use): Established Selangor-based property developer and landlord operating in the same state as Centro. Provides regional comparison and a sense of competing supply in the Klang/Shah Alam corridor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/centromall
• Instagraminstagram.com/grandcentroballroom
• LinkedInlinkedin.com/company/centropropgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centro Properties Group