An Indonesian entrepreneur officially owns the IDR 218 Billion Mall in Sydney

shopping mall, The Grand Eastlakes based in Sydney, Australia is acquired and managed by an Indonesian entrepreneur, Iwan Sunito, One Global Center. The value of this building is 218 billion IDR.

Previously, this center was owned by the Crown Group, a property company owned by Iwan Sunito and Paul Sathi before the partnership broke up.

As soon as ownership of The Grand Eastlakes transfers completely to the One Global Capital entity, the building will be rebranded with a new name: One Global Centre.

CEO and Commissioner of One Global Capital, Iwan Sunito, said he was very satisfied with this purchase. According to him, the Grand Eastlakes will be able to grow the sales assets and strengthen the recurring income of One Global Capital to be in line with the company’s vision of going public in 2031.

“What I like about this building is the high rental value. If all the sales areas are rented, the yield is equal to 10% of the construction price,” said the Surabaya-born man. it was announced in a written statement on Monday (7/10/2024).

The Grand Eastlakes officially opened in July 2021. Inside there are 3,100 square meters of retail space equipped with 130 car parking spaces.

The shopping center consists of 16 retail outlets, including a larger format ALDI, Metro Wool-worths, and several specialty stores, such as Pattison Pattiserie, Whole Pharmacy, Australia Post and Newsagency, Ausome Nails , Akira Sushi, Hatch Espresso, SP mobile , and Val Morgan Retail.

“The Grand Eastlakes is the first retail asset we bought from Crown Group after we transferred the Skye Suites Green Square hotel worth IDR 1.059 trillion to One Global Resorts,” he explained.

Concurrent with the acquisition of The Grand Eastlakes, the company launched the One Global Capital Asset Management Platform.

One Global Capital successfully obtained a wholesale license in the fourth quarter of 2024, allowing One Global Capital to offer investment products to a select group of investors deemed to share its vision and mission the company.

“This is not a public offering to retail investors, but is aimed at investors who have known us for decades or close friends who are interested in investing heavily in the their property portfolio,” explained Iwan.

“Initially we only offered 10% of the shares of One Global Retail, where 90% of the shares were owned by One Global Capital. However, demand increased significantly, forcing us to release 10% more shares. Therefore, One Global Capital currently holds 80% of the shares,” he continued.

According to Iwan Sunito, the main factor that makes his friends and colleagues interested in joining is access to investment funds at wholesale level that are bought at real prices and yields attractive

“At the same time, another feature is our ‘consultative’ attitude. We emphasize to investors that we are not looking for passive investors, but we want all investors to work together to build a global property community to learn and grow together,” said Iwan Sunita.

(aqi/zlf)