Major Japanese shopping mall developer AEON MALL, in cooperation with local company PT Sinar Mas Land will start building the company’s first mall in Indonesia in BSD City, Tangerang, in the middle of this year.Michael Widjaja, CEO of Sinar Mas Land, said that the construction of the mall would mark the start of their long-term program to build 20 AEON malls in Indonesia’s growing suburban residential areas.
“Development of this four-story suburban mall will start in mid-2013. The construction is scheduled for completion by the end of 2014,” he said, adding that the mall, with a floor space of 125,000 square meters, would sit on a site measuring 100,000 square meters.
Ishak Chandra, the managing director of Sinar Mas Land, said that the project was worth around US$200 million, with the chief contribution coming from AEON.
