Jakarta Retail Market Report - Colliers International

jakarta | 2q 2012 | retail
future retail performance
after having intensive approach and doing a
preliminary study into expanding operations
into Indonesia, German-based giant retailer,
Metro Group has decided to terminate the plan
because they want focus more on improving
sales figures. the cancellation was announced
almost a year after Metro announced their plan
to open their first outlet in jakarta by 2012.
Nevertheless, this action does not affect the
plans of other foreign retailers to expand into
Indonesia. Parkson retail asia (Pra) will open
its first store in jakarta by September 2013,
list of new committed tenants in the future retail centers
pre-commitment level during 2011 - 2014
after successfully negotiating a 10-year lease
agreement for retail space at St. Moritz Mall,
located in the Puri Indah, West jakarta. the
stores, which will occupy 17,101 sq m of retail
space, will target the upper-income market
segment. the new Parkson store will
complement Pra’s existing Centro department
store brand, which has been operating in
Indonesia for around eight years. the firm also
plans to expand the Centro brand to other
regions with rapid growth in the middle-class
population.
shopping centres
name
location region retailers line of business size (sq m) status
St. Moritz Mall Puri Indah West jakarta Parkson Department Stores 17,101 Open in September 2013
p. 8 | colliers international
2014F
2013F
2012F
2011
jakarta bodetabek
Space absorbed annual Supply
0 100,000 200,000 300,000
sq m
2014F
2013F
2012F
2011
Colliers International Indonesia - research
Space absorbed annual Supply
0 100,000 200,000 300,000
sq m
Colliers International Indonesia - research