Mitsubishi-Tuan Sing Launches “Borjouis” Class Mall in Karawang

JAKARTA, KOMPAS.com – Mr. Sing Holding Limited together Mitsubishi Estate Co Ltd (MEC) cooperates to develop luxury outlet mall international community in Karawang, West Java.

For the early stages, times named The Grand Outlet-East Jakarta, it will be built on an area of ​​nine hectares with a total cost of 90 million Singapore dollars or Rp 953 billion.

Times It is scheduled to start construction in the second quarter of 2022, while the opening is targeted for the fourth quarter of 2023.

Upon completion of construction, The Grand Outlet-East Jakarta, will cover a rental area of ​​approximately 26,000 square meters and feature 180 outlets with a wide variety of retail and restaurant offerings.

The construction of The Grand Outlet-East Jakarta unites two property companies, each of which has a diverse portfolio in various countries.

Also read: Oasis Central Sudirman, Mitsubishi-Taspen Ambition to Build the Tallest Supertall in Indonesia

MEC is the largest real estate developer in Japan which established Mitsubishi Estate Asia (MEA) in Singapore in 2008 with various projects in Southeast Asia and Oceania.

Meanwhile, Mr. Sing is a regional investment holding company with a main focus on real estate development and investment and hospitality.

Over the years, this group of companies has built a portfolio of assets in Singapore, China, Indonesia and Australia.

Chief Executive Officer (CEO) Mr. Sing William Liem said he was delighted to be partnering with MEC in building luxury outlet mall first time in one of the rapidly growing areas of the Indonesian economy.

“Our presence and strong track record in Indonesia combined with MEC’s ​​extensive experience in the construction and operation of well-known retail projects will allow us not only to be successful, but to open doors of opportunity for other collaborations in the future,” he explained in a release, Tuesday ( 22/3/2022).

Meanwhile, The Grand Outlet-East Jakarta is planned to be a world-class shopping destination, where visitors can enjoy retail therapy with the concept of green urban space.

The mall outlet will offer leading international brands selling various brands of luxury clothing, bags and luggage, accessories, and others with high-end classifications.

Editor’s note: This article has undergone further editing regarding investment value. Previously it was written 90 million US dollars, it should be 90 million Singapore dollars.

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