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Vattanac Capital Mall is a premium retail component within the mixed-use Vattanac Capital development in central Phnom Penh, located on Monivong Boulevard in Daun Penh district. Completed in 2014 and officially inaugurated in 2018, the mall spans approximately 30,000 square meters of gross leasable area across multiple levels in the Lifestyle Cube, integrated with a 39-story Grade A office tower rising 187 meters and the Rosewood Phnom Penh hotel.
Positioned as a luxury shopping destination, it targets middle to high-income consumers with a tenant mix focused on international high-end brands in fashion, beauty, and home goods, including Balenciaga, Burberry, Bottega Veneta, Brioni, Canali, Clarins, Christofle, Dolce & Gabbana, Salvatore Ferragamo, Frette, Hugo Boss, L Occitane en Provence, Moncler, Poltrona Frau, and Stefano Ricci, alongside recent additions like Etro and Dolce & Gabbana Beauty.
The adjacent Lifestyle Park extends offerings with furniture and lifestyle stores such as Miele, Poliform, Kettal, Dedon, and cafes like Arabica Coffee. Dining options include venues from the Rosewood hotel like Brasserie Louis, Iza, and Sora.
Market position benefits from central location with high visibility and accessibility via major roads, proximity to business districts, and 31 high-speed lifts facilitating vertical movement.
Footfall data indicates steady traffic from affluent locals and expatriates, supported by growing domestic consumption, though specific figures are not publicly detailed; overall Phnom Penh retail footfall has improved post-pandemic but remains sensitive to economic factors. Occupancy stands around 70-80 percent for prime spaces like this, higher than the city average of 58.6 percent in mid-2025 due to its prestige.
Average rent levels for prime retail in Phnom Penh are approximately 20.9 USD per square meter per month, but luxury anchors in Vattanac may command 30-50 USD per square meter given the upscale positioning.
Demographic profile includes a young, urban population with Phnom Penh is home to over 2.3 million residents, featuring a median age of 26 and rising middle class with increasing disposable income from economic growth averaging 5-7 percent annually.
Operational quality is high with modern infrastructure incorporating feng shui elements and Naga motifs, ample parking, and security, though challenges include limited mass-market appeal due to focus on luxury segments.
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Hours of Operation
Hours
| Monday | 09:00 AM — 09:30 PM |
| Tuesday | 09:00 AM — 09:30 PM |
| Wednesday | 09:00 AM — 09:30 PM |
| Thursday | 09:00 AM — 09:30 PM |
| Friday | 09:00 AM — 09:30 PM |
| Saturday | 09:00 AM — 09:30 PM |
| Sunday | 09:00 AM — 09:30 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Accessibility
Phnom Penh features a population exceeding 2.3 million, with a young demographic profile where over 60 percent are under 30 years old, supporting demand for lifestyle and experiential retail. Rising middle-class incomes, driven by GDP growth of 5-7 percent annually, enhance spending power among urban professionals and expatriates. Vattanac Capital Mall benefits from central positioning on Monivong Boulevard, offering easy access via major thoroughfares, public transport, and proximity to key landmarks like Wat Phnom. However, traffic congestion in Daun Penh district can pose accessibility issues during peak hours, potentially deterring time-sensitive shoppers and increasing reliance on ride-hailing services.
Tenant Mix and Occupancy
The mall emphasizes luxury tenant mix with over 18 international brands in fashion, beauty, and home sectors, anchored by names like Burberry and Moncler, complemented by F&B outlets and lifestyle extensions in the adjacent park. This focus attracts affluent consumers but limits broader appeal, with weak representation in value or entertainment categories. Occupancy rates for prime malls in Phnom Penh averaged 58.6 percent in mid-2025, though Vattanac likely exceeds this at 70-80 percent due to selective leasing; vacancies may persist in non-anchor spaces amid economic uncertainty affecting luxury retail performance.
Competition and Risks
Phnom Penh retail market faces intensifying competition with over 500,000 square meters of supply and additional 100,000 square meters projected by 2025, including developments like The Peak Shoppes and AEON expansions targeting suburban areas. Vattanac competes with mid-range malls such as AEON Mall and Chip Mong, which offer diverse tenant mixes and higher footfall from mass-market segments. Risks include market saturation leading to downward pressure on rents, inflation eroding consumer purchasing power, and economic slowdowns impacting tourism and expatriate spending; infrastructure is modern but potential for aging in high-traffic areas requires ongoing maintenance.
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Phnom Penh
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City Snapshot
Phnom Penh
Comprehensive market intelligence for retail expansion in this city