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President Jokowi Visits NWP Property’s Sulawesi Malls – Greeting Excited Fans and Highlighting Growing Economic Power of Sulawesi

Sulawesi, May 2024 – Over the past 3 months, President Jokowi has visited 3 of NWP’s Sulawesi-island malls in Palu (Central Sulawesi Province), Gorontalo (north of Sulawesi), and Kendari (South-East Sulawesi Province). The President visited these malls while on official visits to the respective cities to inaugurate various infrastructure initiatives including new airports, ports, regional roads and dams, in addition to inspecting new health-care facilities in the region.

The President’s multiple visits in a short time highlight the growing economic power of the resource-rich island of Sulawesi in general, and of the respective cities in particular, which were targeted by NWP for their high economic and consumption potential. These visits also highlight the progress of on-going infrastructure development projects in various parts of the country.

The President was greeted with enthusiasm by locals at all three malls: Palu Grand Mall on March 27^th, 2024, Citimall Gorontalo on April 22^nd, 2024, and The Park Kendari on May 12^th, 2024.

In Palu, the government in recent years has focused on rehabilitating, renovating and expanding the current airport (~Rp 560 bn) and port (Rp ~230 bn), which were damaged during the Tsunami, to improve regional connectivity and support economic activity. The President also inaugurated 3 other airports in Central and North Sulawesi, whose developments cost over Rp 1.2 Tn, during his visit to Palu1. In Gorontalo, the President inaugurated a new airport (~Rp 450 bn) and regional road constructions (Rp ~160 bn) to improve regional connectivity that benefits local economic activities. In Kendari, the government’s recent focus has been on developing regional roads, as well as constructing a new dam, developed at a cost of ~Rp 650 bn and Rp ~1.6 Tn respectively.

All three Sulawesi malls are experiencing rapid growth with high occupancy rates and new tenant openings.

The Park Kendari is the newest development mall among these projects, opening in Dec 2022. Spread across 3 levels offering over 25,000 sqm retail space, it houses some of the largest international and national tenants, in addition to several prominent local tenants. Key existing tenants include H&M, Matahari Department Store, Cinema XXI, KKV, Hypermart, Funworld, and Levi’s. It will soon also welcome Sociolla in July and new F&B tenants such as Pepper lunch, Marugame, Kimukatsu and Fore Coffee by Q424 in a newly expanded space, added in response to high tenant demand. The mall also deploys several energy saving and sustainability features and is on track to be certified by Singapore’s BCA Green Mark and World Bank’s EDGE.

Citimall Gorontalo was acquired by NWP in 2017. The mall has a retail area of ~22,000 sqm spread over 5 levels, widely popular as the dominant retail and entertainment destination in the province. It is also attached to the newly rebranded Fox Hotel, operated by Capitaland’s Ascott group. The hotel has also hosted President Jokowi in few of his prior visits to the province. Key existing tenants in the mall include Hypermart, Matahari Department Store, Cinema XXI and Mr. DIY, with other tenants such as Sociolla and Digiplus expected to join in July and KKV by Q4-2024.

NWP acquired Palu Grand Mall in 2018. The asset has a net leasable area of ~23,000 sqm spread over 4 floors and is the dominant retail and entertainment destination in the city. The mall has undergone several changes and upgrades since its acquisition including major physical renovations, tenancy mix updates, AC system upgrade to an energy efficient chiller, and ongoing upgrades to its water systems. Key tenants include Hypermart, Matahari Department Store, Cinema XXI, Funworld, Mr. DIY, Miniso and Sports Station, with plans to add Sociolla and Solaria in future.

NWP Property is one of the largest and fastest-growing consumer infrastructure platforms in Indonesia with exposure to community retail and logistics infrastructure. Since its inception in 2015 as a joint venture between Warburg Pincus and PT City Retail Developments, NWP Property has experienced rapid growth. Currently, NWP Property has over 50 shopping malls and logistics assets in its portfolio.

Casion and NWP Property Launch Partnership to Build Electric Vehicle Charging Infrastructure in Greater Jakarta

Jakarta, 8 May 2024 – Casion, a leading electric vehicle (EV) charging station brand in Indonesia, and NWP Property, a leading consumption infrastructure platform in Indonesia, today officially launched their strategic partnership to build EV charging infrastructure in Greater Jakarta.

Casion and NWP Property will install dual EV charging stations at several strategic locations in Greater Jakarta , starting with The Park Sawangan, The Park Pejaten, and D’Mall. These dual EV charging stations will allow two electric vehicles to charge simultaneously, speeding up the charging process.

The partnership is part of Casion and NWP’s plan to expand the network of electric charging stations in Greater Jakarta, and with the future potential to be rolled out at other NWP assets in Java.
The launch of this strategic partnership is an important step in supporting Indonesia’s transition to sustainable energy and expanding environmentally friendly mobility infrastructure in the community.
“We are thrilled to launch this partnership with NWP Property. Our partnership testifies to our
commitment to build EV charging infrastructure that is convenient and accessible for the people of Indonesia,” said Casion CEO, Kevin Pudjiadi.

NWP PROPERTY OPENS THE PARK SEMARANG – LARGEST MALL IN TOWN – BRINGING WORLD-CLASS TENANTS

Semarang, March 16, 2023 – The Park Semarang, the largest shopping center in Semarang City with the widest range of high-quality tenants, was officially inaugurated by the Mayor of Semarang, Mrs. Hevearita G. Rahayu, on Thursday, March 16, 2023.

The Park Semarang is the 34^th asset owned and operated by NWP Property, one of the largest shopping center developers in Indonesia, with a diversified portfolio of malls including The Park Sawangan, Cirebon Super Block (CSB), and Pejaten Mall in Java.

Occupying an exceptionally strategic location, The Park Semarang is located at Jalan Madukoro Raya, Blok E1 No. 10-11, Tawang Mas Village, West Semarang District, Semarang City. It provides convenient access to visitors throughout the city with its prime location on the main road connecting the Semarang city center with Ahmad Yani Airport.

“We are grateful to finally open The Park Semarang mall, long awaited by the people of the city. It is a landmark development bringing many popular national and international brands under one roof” said Teges Prita Soraya, Director of The Park Semarang Mall – PT Nirvana Wastu Jaya Pratama, a subsidiary of PT NWP Property.

The 4-storey modern mall is designed with international green-building standards on a land area of 27,000 m²with a total Gross Floor Area (GFA) of 57,000 m² and a total Net Leasable Area (NLA) of 37,000 m². It provides parking capacity for ~1,200 motorcycles and ~1,000 cars.

The Park Semarang indulges visitors with more than 120 international, national, and local tenants. Some of them include Matahari Department Store, H&M, Lulu Hypermarket, Marks & Spencer, Mango, Cinema XXI, Fun World, Happy Time, Mega Sport Stations, Max Fashion, Minimal, Charles & Keith, Pedro, Levi’s, MOC, Manzone, Gingersnaps, Mothercare, ELC, Kidz Station, Mr.DIY, Frank & Co, The Palace, Birkenstock, Staccato, Sociolla, Marhen J, Pedro, Urban Republic, Puma, Adidas, New Era, Mr. DIY, Nobby, Debiuryn, Havaianas, Fit Flop, iBox, Samsung, and many more.

Visitors at the mall are also presented with a variety of culinary options from food and beverage (F&B) tenants such as Solaria, Pepper Lunch, Kimukatsu, Golden Lamian, Tong Tji Tea House, J.Co, Mako, and various other local culinary choices from Semarang’s Small and Medium Enterprises (SMEs).

“Currently we have achieved above 80% occupancy for tenants that have either opened or will open shortly. We are delighted to provide local Semarang entrepreneurs with the opportunity to stand alongside many national and international brands that operate tens or even hundreds of stores in Indonesia and worldwide. We continue with our commitment to serve the local community in every market that we operate in and are confident to make positive economic and social contributions to the city and region,” explained Teges.

Another First Shopping Mall in Town, NWP Property Opens Citimall Bontang, Its 33rdProperty in Indonesia

Bontang, 11 December 2022 – Inaugurated by Bontang Regent, Basri Rase, S.I.P, NWP Property opened its 33rd property, Citimall Bontang. Located in East Kalimantan Province, Citimall Bontang is the first and largest shopping mall in town, centrally situated along the city’s main road, Jenderal Soedirman Road. Citimall Bontang has a Gross Floor Area (GFA) of 16,526 m² and a Net Leasable Area (NLA) of 12,501 m², with a parking capacity of over 230 motorbikes and 320 cars.

Citimall Bontang is home to a diverse mix of national tenants, many of which have opened their first stores in the city. These include Matahari Department Store, Happy Time, Optik Seis, Bata, The Body Shop, Fore Coffee, Jiwa Toast & Jiwa Tea, Ichiban Sushi, Ta Wan, Samsung, Erafone, My Salon, Guardian, Everbest, and Cinema XXI.

Now Open: The Park Kendari, The Largest Shopping Mall in Southeast Sulawesi

Kendari, 8 December 2022 – Governor of Southeast Sulawesi, H. Ali Mazi, S.H. officially opened The Park Kendari, Southeast Sulawesi’s largest destination for shopping, entertainment and leisure. Conveniently located in the city’s central commercial district, the mall occupies a Gross Floor Area (GFA) of 38,380 m² and Net Leasable Area (NLA) of 26,161 m², and is the region’s newest home to a range of international, national and local tenants. The mall is also developed with international green-building certification standards, reflecting NWP’s commitment to sustainability.

The Park Kendari’s strong and diverse tenant mix consists of Matahari Department Store, Hypermart, Fun World, Kidzilla, Sports Station, Guardian, BNB, Urban Surf, Minimal, Manzone, MOC, Optik Seis, Optik Melawai, Erafone, Samsung and Digimap. Other tenants such as The Palace, Cinema XXI and H&M are expected to open shortly. The mall also has a variety of F&B options such as JCO, Mako, Solaria, Ichiban Sushi, Ta Wan, Ramen 1, and Fore Coffee. In addition to these national tenants, The Park Kendari hosts more than 15 diverse local fashion and F&B tenants, as well as a spa and wedding gallery, creating a true one stop shopping destination for all.