In 2008, the mall was acquired by Foresite Property through its property fund, Ascencia Ltd. The shopping mall had reached the ageing stage of its life cycle and was in need of a major facelift, calling for an infusion of fresh energy and renewed vibrancy, especially in a fast-changing retail landscape and the emergence of new shopping centres throughout the island. The management therefore undertook an extensive redevelopment project in 2012 with the aim of giving a fresh and contemporary look as well as enhancing the functionality of the mall.
With some 55 retail outlets including 14 food stalls and a hypermarket, as well as 2 kids corners, Riche Terre Mall offers an enjoyable lifestyle experience beyond mere shopping.