Pakuwon Group Inaugurate Pakuwon City Mall 3 in Surabaya
PT Pakuwon Jati, Tbk.
Kode Saham: PWON.IJ (Bloomberg), PWON.JK (Reuters)
Pakuwon Group Inaugurate Pakuwon City Mall 3 in Surabaya
Surabaya, October 23rd, 2024, Pakuwon Group proudly inaugurate Pakuwon City Mall 3, an extension of Pakuwon City Mall 1 and 2 formerly known as “East Coast Center”.
Covering area of 20,500 m2, Pakuwon City Mall 3 increases the total area of Pakuwon City Mall to a total of 50,000 m² with occupancy of 90%. This mall presents a new concept focusing on lifestyle tenants such as Playtopia Adventure (biggest playground in Surabaya), Miniso Pink, Corkcicle, and Munch Club by Urban Wagyu, providing a more thorough shopping and entertainment to residents of Surabaya.
Pakuwon City Mall is integrated with Pakuwon Town Square, three apartment towers, and Aloft Hotel. Amor Tower and Bella Tower are handed over, meanwhile, third tower and hotel are still under construction.
With Pakuwon City Mall 3 in operation, PT Pakuwon Jati now has 836,000 m2 in total Net Leasable Area (NLA). “Total construction value of this mall amounts to Rp 365 billion, while the phase 3 development, including two apartment towers and hotel, amounts to Rp 1.1 billion” Minarto, Director of PT Pakuwon Jati, explains in his statement.
Pakuwon Jati Overview
Pakuwon Jati Tbk (PWON: IDX) is a real estate developer with over 42 years of experience in developing and operating properties in Indonesia. Established in 1982 and listed on the Jakarta Stock Exchange since 1989, Pakuwon Jati is a diversified real estate developer focused in Surabaya, Jakarta, Bekasi, Yogyakarta, Solo, Bali and Batam. The Company has key portfolio that includes retail, residential, commercial and hospitality developments and is vertically integrated across the entire real estate value chain from land acquisition, property development, marketing to operational management. Pakuwon Jati is the pioneer of Superblock concept in Indonesia, a large-scale integrated development comprising retail shopping centers, offices, condominiums, and hotels, with proven track record and strong reputation in the property industry enabling the Company to establish long-term relationships with tenants and buyers, providing a solid foundation for rapid business expansion.
Below is the Company’s portfolio:
- Gandaria City Superblock , Jakarta (retail shopping center, apartment, office building and hotel)
- Kota Kasablanka Superblock, Jakarta (retail shopping center, apartment, and office building)
- Somerset Berlian, Jakarta (serviced apartment)
- Blok M Plaza, Jakarta (retail shopping center)
- Tunjungan City Superblock, Surabaya (retail shopping center, apartment, office building and hotel)
- Pakuwon Mall Superblock, Surabaya (retail shopping center, apartment, serviced apartment, and hotel) and Pakuwon Mall Mansion phase 4 (3 apartment towers) which is under construction
- Royal Plaza, Surabaya (retail shopping center)
- Pakuwon City township (landed residential), Pakuwon City Mall (retail shopping center), Amor Tower and Bella Tower, and East Coast Mansion phase 2 (third tower and hotel that are under construction), as well as Educity apartment, in East Surabaya
- Grand Pakuwon township (landed residential) and Food Junction (Hypermarket, culinary & leisure destination), in West Surabaya
- Pakuwon Mall Superblock, Bekasi (retail shopping center, apartment, and hotel that are under construction)
- Pakuwon Mall Jogja and Yogyakarta Marriot Hotel (retail shopping center and hotel)
- Pakuwon Mall Solo Baru (retail shopping center)
- Four Points by Sheraton Bali, Kuta (hotel)
For further information, please contact:
Minarto Basuki (Director and Corporate Secretary)
PT Pakuwon Jati, Tbk.
Pakuwon City Mall 5th Floor
Jl. Kejawan Putih Mutiara No. 17, Surabaya
Telp : (6231) 99218800
Email: corpsec@pakuwon.com
Website: www.pakuwonjati.com