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.

NWP Property Opens Its 31st Property, The First in Bondowoso Regency

Bondowoso, 28 October 2022 – NWP Property opened Citiplaza Bondowoso in the presence of Bondowoso Regent, Drs. K.H. Salwa Arifin, who officially inaugurated the shopping mall. Located in East Java Province, Citiplaza Bondowoso is the first modern shopping mall in the Regency, and is strategically situated on the main road connecting the city center. The mall has a Gross Floor Area (GFA) of 10,456 m² and a Net Leasable Area (NLA) of 7,769 m², with sufficient parking capacity of 200 cars and 200 motorbikes.

Citiplaza Bondowoso hosts a range of well-known national tenants, all of which have opened their first stores in the region at the mall. Our tenants include Matahari Department Store, Hyfresh Supermarket, Happy Time, Tong Tji, Kebab Turki Baba Rafi, Tea Break, Gramedia Exhibition, B-FIT, Gabino, Mr. DIY, My Salon and Cinepolis. Furthermore, NWP continues to offer strong support for local businesses by providing commercial space to several local entrepreneurs and F&B tenants at Citiplaza Bondowoso.

NWP Property Names Kevin Kow as CEO and President Director

Jakarta, September 2022 – NWP Property (“NWP” or “the Company”), Indonesia’s largest and fastest-growing omni-channel commerce infrastructure platform backed by Warburg Pincus, announced today that the Company has appointed Kevin Kow, previously NWP’s Chief Investment Officer, as the Company’s new CEO and President Director, effective immediately. Kow will succeed Timothy Daly, the previous CEO and President Director, who will become a Commissioner of the Board of NWP.

Kow brings a wealth of experience in the real estate and investment industry, previously representing Morgan Stanley and then CLSA as the Head of the Singapore & Southeast Asia in both firms. In the recent three years, he was the Chief Investment Officer at NWP, where he spearheaded the acquisition of 8 assets, comprising 7 shopping malls with a total net lettable area of over 140,000 square meters and a hotel. Kow was instrumental in the formation of NWP’s logistics business and its joint venture with CRE Asia, as well as the execution of the $150mm corporate facility arranged with Credit Suisse in 2020.

Read More

Warburg Pincus-backed NWP Property and CRE Asia Establish a Joint Venture Focusing on Modern Logistics Real Estate Opportunities

Jakarta, March 22, 2022 — Today, PT Nirvana Wastu Pratama (“NWP Property”), Indonesia’s largest and fastest-growing New Economy enabled consumer infrastructure platform co-founded by Warburg-Pincus and led by its CEO Timothy Daly, CRE Asia Pte. Ltd. (“CRE Asia”), a consolidated subsidiary of CRE, Inc., led by its president Tadahide Kameyama, and Bonny Setiawan (“Mr. Setiawan”), an Indonesian entrepreneur and experienced logistics professional, announced to establish a joint venture (the “Venture”) to capture the booming opportunities in modern, big-box logistics real estate in Indonesia. Mr. Setiawan has been appointed as the CEO of the Venture.

With a common conviction that modern logistics real estate is meaningfully undersupplied in Indonesia, this strategic partnership is formed to establish a best-in-class, big-box logistics platform to meet the significant growth driven by the expansion of omni-retail platforms, rising needs from third-party logistics companies (3PLs) and fast-moving consumer goods company (FMCG) tenants.

NWP Property’s robust capabilities in scaling its “online to offline” (or “O2O”) consumer infrastructure platform that enables both online commerce via its last-mile logistics facilities as well as offline purchases via the largest independent network of modern community-based shopping malls, will be complemented by CRE’s institutional experience in logistics and regional networks as well as Mr. Setiawan’s expertise in building modern logistics platforms. The Venture has secured its first modern, pre-leased built-to-suit warehouse in Jakarta which is expected to commence construction in the second-half of the year.

Mr. Timothy Daly, NWP Property’s CEO and President Director, said, “NWP welcomes this exciting platform to our consumer infrastructure ecosystem. We are thrilled to partner with CRE and Mr. Setiawan. The supply of Indonesian warehouse space is meaningfully behind its industrial peers, such as China and Japan, who have 10-40 times the warehouse space per capita, respectively, compared to Indonesia. The durable megatrends driving the demand for holistic omni-commerce infrastructure will accelerate into the next decade, and we see unparalleled synergies in this Venture alongside our existing last-mile fulfillment center platform and our growing community retail platform.”

Mr. Tadahide Kameyama, CRE’s President, said, “We are delighted to establish strategic partnership with Warburg Pincus, NWP Property, and Mr. Setiawan. Warburg Pincus is one of the most established and successful institutional investors in the world and has proven track record of supporting successful real estate businesses in Southeast Asia. We look forward to working together with NWP Property and Warburg Pincus to expand our operations in Indonesia.”

Mr. Bonny Setiawan, the Venture’s CEO, said, “The investment thesis into the Indonesian logistics real estate market is beyond doubt. There is a significant opportunity to develop high-quality logistics assets to serve the growing demand companies including e-commerce and FMCG operators. I am excited to leverage NWP’s existing O2O ecosystem and experienced management team to develop the largest network of modern distribution centers in Indonesia.”

NWP’s Citimall Cianjur 2 Officially Opened with Strict Health Protocol, Supporting Local Entrepreneurs, And Implementing Latest Online Plus Offline Application

Cianjur, 15 December 2021 – Regent of Cianjur, Mr. H. Herman Suherman officially opened Citimall Cianjur 2, which is the most complete modern shopping center in Cianjur Regency, on Wednesday, 15 December 2021.

It occupies a strategic location, right in the intersection of the main routes to Puncak, Jakarta, Sukabumi, and Bandung.

Cianjur 2 is modernly designed with a building height of 3 floors and 1 basement, with a GFA of 14,237 m2 and NLA of 9,669 m2, on a land area of ​​6,998 m2.

In managing and controlling the number of visitors entering the mall, Citimall Cianjur placed a number of automatic counters with Real Time People Counting technology at each entrance.

It has a diversified tenant rooster with a strong mix of national and international tenants such as Matahari Department Store, Gokana, Chatime, Kasoem Vision Care, The Body Shop, Ichiban Sushi, OB FIT, Guardian, Samsung, Oppo, L Beauty Salon and Ta Wan, Fore Coffee, Nobby, Erafone, Mi Store, Happy Time, and Cinema XXI.

Citimall Cianjur 2 also implemented TRILIO Super-App, which can be used to enjoy Free Wifi, Navigation while inside the mall, and interact with Virtual Customer Service through the Chat feature. Visitors can ask for all information about the mall, submit complaints and feedback, as well as shop online with ShopChat and Jastip services.

This Trilio application can also be used to buy tickets online for various offline events at Citimall, one of which is the Korean Wonderland event, which is taking place on the 2nd floor from December 15, 2021 to February 14, 2022.

NWP Continues to Expand in 2021 and Acquires Prime South-Jakarta Shopping Mall

Jakarta, April 2021: NWP announces the acquisition of Kalibata City Square, a prime shopping mall located in an in-fill residential area of South Jakarta. It is NWP’s newest acquisition project in 2021.

The 2-level mall serves as a retail mall component of a superblock consisting of ~13,500 apartment units and ~35,000 residents above the mall, surrounded by a captive catchment of 650,000 within 5-10 min drive time.

It has a diversified tenant rooster with a strong mix of national and international tenants such as Farmers Market, Ace Hardware, Mr DIY, Cinepolis, Gold’s Gym, Sports Station, Fun World, Ichiban Sushi etc.

With this acquisition, NWP expands presence and increases footprint in a key Tier-1 market of South-Jakarta.


As per September 2021, more than 32,000 people have been vaccinated at 15 NWP Malls throughout Indonesia, proving NWP’s strong commitment in supporting the nation’s fight against the spread of Covid-19   

As part of this vaccination drive, the following 15 NWP malls became Public Vaccination Centers: Citimall Sampit, Citimall Kuala Kapuas, Citimall Ketapang, Citimall Baturaja, Citimall Prabumulih, Citimall Cianjur, Citimall Sukabumi, Citimall Dumai, Citimall Cilegon, Citimall Gorontalo, Palu Grand Mall, Central Plaza Lampung, Pejaten Mall, CSB Mall Cirebon, and Kalibata City Mall Square.  

Participants in this vaccination drive include mall and tenant employees, as well as the general public from the surrounding area.   

We view our support for Public Vaccination Centers at our malls as a natural extension of our Corporate Social Responsibility, as all our malls stand ready to serve and make positive contributions to the local communities in which we operate.


NWP Retail opens a new shopping mall The Park Sawangan, in Depok, Greater Jakarta, on July 3rd, 2020.
Designed by renowned architecture firm, Callison RTKL, the mall has a total floor area (GFA) of 56,528 m2 and a leasable area (NLA) of 36,000 m2.

Located in a very strategic site, The Park Sawangan is in the middle of a major residential area of Sawangan and Bojongsari, passed by Jalan Raya Parung Ciputat, Kec. Bojongsari Kota Depok, which serves as a link between Depok, Tangerang, Bogor and Jakarta.
The mall is home to various international and national brands such as Uniqlo, H&M, Lulu Hypermarket, Ace Hardware, Informa, Matahari Department Store, Cinema XXI, Funworld, Toys Kingdom, The Body Shop, Fisik Sport, Erafone, Samsung, House of Towel, Batik Keris, Solaria, Marugame Udon, Samsung, Bakso Lapangan Tembak, Kokumi, Starbucks, Kopi Kenangan, Brunbrun and Chatime.
The mall has implemented various features and practices to prevent the spread of covid in addition to frequent deep cleaning and through disinfection. It includes Real Time People Counting, Touchless handwashing facilities, and Automatic temperature check technology at every mall entrance; Touchless elevators and water taps; Air Disinfection Device using UV-C wavelength installed in AHU to sterilize airborne viruses and bacteria throughout the mall, Automated UV Surface Disinfectant on every escalator handrail; Physical distancing markings across flooring, escalators and elevators; Trilio Super-App to facilitate pre-registration check-in, check-out, as well as to facilitate contact tracing; Touchless navigation with free Wi-Fi connectivity and Virtual Customer Service using Trilio.