Retail in Asia

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Indonesia’s 1st Aeon Mall to open in May

Shopping mall developer Aeon Mall Indonesia and real-estate giant Sinar Mas Land, have joined forces to open Indonesia’s first Aeon Mall on 30 May, a company executive revealed on Wednesday.

The announcement confirms a report detailing the endeavour in GlobeAsia last October, which also quoted Sinar Mas Land director Ishak Chandra in estimating that the project would cost between USD150 million and USD200 million.

Located in BSD City, a Sinar Mas Land township in Tanggerang on the southern outskirts of Jakarta, the mall will house 280 stores – 47 of which are part of popular Japanese franchises. Nearly half of these brands are completely new to Indonesia, according to Adrian Pranata, operations manager of Aeon Mall Sinarmas Land Indonesia –the new joint entity behind the shopping centre.

(Source: Jakarta Globe )