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JAKARTA Cushman & Wakefield Global Cities Retail Guide JAKARTA Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Jakarta | 2019 0 Jakarta, the capital and the largest city in Indonesia, with a population of approximately 10 million, is Indonesia’s center of commercial activity. High per capita income, a dominant middle class and rising purchasing power have accentuated the demand for contemporary retail, paving the way for international retailers in the city. Over time, shopping malls have seen improved occupancy owing to relocations and entry to the market from international retailers. There are a number of shopping malls present and under construction that will provide options for expansion across the city. The official metropolitan area, is known as Jabodetabek, a name formed by combining the first syllable of Jakarta, Bogor, Depok, Tangerang and Bekasi. The population of Greater Jakarta (Jabodetabek Region) is 32.45 million. JAKARTA OVERVIEW Cushman & Wakefield | Jakarta | 2019 1 JAKARTA KEY RETAIL PLAZA INDONESIA SENAYAN CITY Plaza Indonesia is the first high-end shopping center in Senayan City is another upmarket shopping mall in Indonesia; it opened in 1990. Plaza Indonesia is located in Senayan, the central area of Jakarta. It is part of a mixed- the prominent corner of Jakarta’s famous landmark, the use development which includes the shopping center, an Selamat Datang (Welcome) Statue in Central Jakarta. office tower and an apartment tower. Senayan City is There are numerous international and luxury fashion home to numerous high-end fashion tenants and brands including Aigner, Alexander McQueen, internationally recognized retailers and global brands. It is Balenciaga, Bally, Berluti, Bottega Veneta, Burberry, anchored by Best Denki electronic store, the Food Hall, Bvlgari, Canali, Cartier, Carven, Celine, Chanel, Christian and Cinema XXI. Louboutin, Diane Von Furstenberg, Dior, Emporio Armani, Ermenegildo Zegna, ETRO, Fendi, Furla, Giuseppe Zanotti, GIVENCHY, Gucci, Hugo Boss, Jimmy Choo, PACIFIC PLACE Judith Leiber, Kenzo, Lanvin, Loewe, Longchamp, Louis The Pacific Place Jakarta is another high-end shopping Vuitton, Marc Jacobs, MaxMara, Montblanc, Moschino, mall located in the Sudirman Central Business District, Mulberry, NOTTE, On Pedder, Rodo, Saint Laurent, South Jakarta. It is part of a mixed-use project, which Salvatore Ferragamo, Stella McCartney, Stuart Weitzman, comprises Pacific Place Mall, One Pacific Place office Tiffany & Co., Tod’s, Versace, Vertu and many more. tower, Ritz-Carlton Hotel and Ritz-Carlton Private Residence. PLAZA SENAYAN PONDOK INDAH MALL Plaza Senayan is an upmarket shopping center in Pondok Indah Mall (PIM) is located in the wealthy Pondok Senayan, the central area of Jakarta which opened in Indah suburb of South Jakarta. It consists of two large 1995. It offers a diverse range of high-end shops and malls and one extension, the older 3-storey PIM 1 and the services. This mall remains as one of the most popular newer 5-storey PIM 2, plus Pondok Indah Mall Street spots to see and be seen in Jakarta, and it is a true Gallery, which are interconnected via pedestrian refection of Jakarta’s mall culture. Retailers such as shopping-bridges. Christian Dior, Gucci, Fendi, Louis Vuitton, Celine, Bally, Coach, MCQ by ALexander McQueen, Tory Burch, the Food Hall, Metro and Sogo exist within Plaza Senayan. Cushman & Wakefield | Jakarta | 2019 2 JAKARTA KEY RETAIL KOTA KASABLANKA GRAND INDONESIA Kota Kasablanka is a one-stop retail center, located on a Grand Indonesia Shopping Town is currently the biggest major arterial road connecting two active districts of South shopping center in Indonesia with a total net lettable area Jakarta and North Jakarta with different target markets. It of approximately 138,500 sq.m. The mall targets the is currently one of the most sought after locations for upper market segment. The Grand Indonesia complex tenants to open new stores, with a total net lettable area comprises Grand Indonesia Shopping Town, Hotel of approximately 112,000 sq.m. The mall is part of a mix- Indonesia - Kempinski, Kempinski Residence and Menara used development comprising of two exsiting office BCA Office Tower. towers, an upcoming third tower, plus 7 upper-middle condominium towers. EMPORIUM PLUIT Emporium Pluit Mall is part of a mixed-use complex, MAL KELAPA GADING called CBD Pluit, which consists of a shopping mall, Mal Kelapa Gading is a modern shopping and condominium and office towers. Located in the residential entertainment center located in Kelapa Gading, North area of Pluit, North Jakarta, Emporium Pluit targets the Jakarta. Kelapa Gading is an integrated residential area middle-upper segment. The mall is anchored by Carrefour targeted towards the middle to upper market. Mal Kelapa and Sogo. Gading Complex consists of Mal Kelapa Gading 1, 2, 3, and 5, and La Piazza, a structure dedicated to restaurants and cafes, which soon will be renovated with a new PIK AVENUE concept. PIK Avenue is a modern-lifestyle retail center located in a dense middle-upper to mpper residential and commercial estate north of Jakarta. Opened in 2016, PIK Avenue is CENTRAL PARK gaining attention for its active bazaars and events, as well Central Park in West Jakarta is a mixed-use complex, as a mall focused on its wide variety of new-to-market including two shopping malls (Central Park and Neo F&B tenants. Two major international hotel chains, SOHO), an office tower, 3 condominium towers, a SOHO, Mercure and Sofitel, are part of the retail centers’ and a Pullman Hotel. The shopping center is anchored by development area. Transmart Carrefour and Sogo Department Store and houses numerous well-known international fashion tenants and global brands. Cushman & Wakefield | Jakarta | 2019 3 JAKARTA KEY RETAIL SUMMARECON MAL BEKASI BOTANI SQUARE Summarecon Mall Bekasi, is one of the major shopping Botani Square is the biggest shopping mall in Bogor City, and entertainment centers in Bekasi, West Java, situated on Jalan Raya Pajajaran, the most prestigious Indonesia. This mall was opened on 28 June 2013 and commercial area in Bogor. This mall is integrated with has a retail area of around 60,000 sq.m. The shopping Hotel Santika Bogor and IPB Convention Hotel. In this center has various tenants and facilities such as the mall there is also a courtroom that is IPB International Downtown Walk, Food Temptation, Bekasi Food City and Convention Center (IICC). This mall was opened in 2006 Atrium which can be used for event and exhibition events. and has a lettable area of about 36,000 sq.m. This mall Summarecon Mall Bekasi has a middle class consumer has a strategic location as it can be accessed from the profile with main tenants such as Star Department Store, entrance or exit to Jagorawi Toll Road. This mall’s anchor the Food Hall Supermarket, Cinema XXI, Ace Hardware, tenants include Giant hypermarket, Citrus Department and Best Denki. Store, Electronic City, Cinema XXI and Gramedia bookstore. AEON MALL BSD CITY AEON Mall BSD City is located in the biggest township of MARGO CITY Greater Jakarta, BSD City. This mall has a lettable area of Margo City is a popular one-stop retail center in Depok, about 77,000 sq.m and is one of the major shopping West Java, with the majority of its target market centers in the Tangerang area. AEON Mall is a Japanese comprising of families and university students. It is located chain mall which has AEON department store and AEON on Jl. Margonda Raya, a highly dense major road, supermarket as its anchor tenants. surrounded by a few large university institutions, including the number one university in Indonesia, Universitas BINTARO XCHANGE Indonesia. It was opened in 2006 with a net lettable area of approximately 45,000 sq.m. Its anchor tenants include Bintaro XChange is a major one-stop retail center within XXI Cinema, Centro Department Store and Giant the middle to upper-middle residential area of Bintaro, Supermarket. South Tangerang, Banten. It is conveniently located as a major hub for various public transportations such as the Transjakarta bus line and close to the Jurang Mangu commuter train station. With a lettable area of 45,900 sq.m, Bintaro XChange houses one of the only two public ice skating rings in Greater Jakarta. Its anchor tenants include Farmer’s Market Supermarket and XXI Cinema. Cushman & Wakefield | Jakarta | 2019 4 JAKARTA MARKET OVERVIEW KEY RETAIL AREAS / CONSUMER MAJOR RETAILERS PRESENT NEW TYPICAL RANGE OF SHOPPING CENTERS PROFILE ENTRANTS RENT OF 150 UNIT SIZES SQ.M UNIT Plaza Indonesia Upper Balenciaga, Burberry, Bottega Veneta, Bvlgari, Celebrity Lumine; Off-White US$65-120/ 50-150 sq.m Fitness, Cinema XXI, Chanel, Christian Dior, Christian sq.m/month Louboutin, Fendi, Fitness First, the Food Hall, Gucci, Louis Vuitton, Versace Plaza Senayan Upper Cinema XXI, Christian Dior, Fendi, the Food Hall, Gucci, Louis Tommy Hilfiger US$65-120/ 50-150 sq.m Vuitton, Metro, Sogo, Tory Burch sq.m/month Senayan City Upper Best Denki, Bottega Veneta, Burberry, Cinema XXI, Fitness Masari Store US$55-100/ 50-150 sq.m First, Gucci, Balenciaga, Salvatore Ferragamo, Saint Laurent, sq.m/month Tod’s Pacific Place Upper Best Denki, Blitz Megaplex, Bvlgari, Fitness First, Galeries Harlen + Holden US$50-100/ 50-150 sq.m Lafayette, Hermes, Kidzania, Louis Vuitton, Ermenegildo Zegna sq.m/month Pondok Indah Mall Middle-Upper Celebrity Fitness, Cinema XXI, the Food Hall, Hero, Hugo Boss, Dockers US$60-100/ 50-150 sq.m Massimo Dutti, Longchamp, H&M, La Senza, Metro, Sogo sq.m/month Mal Kelapa Gading Middle-Upper Best Denki,
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