Foreign retail chains eye Ujungpandang<\/p>\n
JAKARTA (JP): Several foreign and local retail chains plan to
\nopen their outlets in Panakukkang Mall, Ujungpandang, South
\nSulawesi, a report said yesterday.<\/p>\n
According to First Pacific Davies Indonesia (FPDI), retailers
\nsuch as Wendy's Hamburger, Ku K Ru, Hartz Chicken Buffet, Texas
\nChicken, Melawai Optic, Century Health Care, and The 21 Studio
\nCineplex had confirmed their presence in the Panakukkang Mall.<\/p>\n
Other retail chains such as Kentucky Fried Chicken, New York
\nChicken, Gramedia Bookstore, Disc Tara Megastore, Seis Optic,
\nFuji Image Plaza, Reebok, Union Bay, Lee Cooper, Lea Jeans and
\nGreat River Fashion have stated an interest in opening an outlet
\nin the mall.<\/p>\n
Panakukkang Mall was 85 percent leased out on its Marketing
\nLaunch Night which was held at Panakukkang Mas Country Club,
\nUjungpandang last week, according to FPDI, which handles the
\nmarketing of the mall.<\/p>\n
\"Many Jakarta retailers are looking for partners to expand
\ntheir business in Ujungpandang,\" said FPDI director Martin
\nSteens.<\/p>\n
The mall is located in Panakukkang Mas, an elite residential
\narea which is developing rapidly and looks set to become a
\nsatellite city with high buying power.<\/p>\n
Ujungpandang Vice Mayor Syamsulrizal was quoted by FDPI as
\nsaying that he was looking forward to Panakukkang Mall's
\ncontribution to Ujungpandang's economic growth which averages 9.2
\npercent per year.<\/p>\n
The mall, with investment totaling US$50 million, will consist
\nof 2.5 levels and provide a parking lot for 1,000 vehicles. It is
\nestimated to reach its breakeven point in eight years.<\/p>\n
The first construction phase began last May and is scheduled
\nfor completion in September 1998. The mall will include an
\ninternational food court, an entertainment center, cinema,
\nsupermarket, department store, restaurants, and indoor and
\noutdoor promotions area.<\/p>\n
Maryono, director of developer Asindo Group, said the second
\nphase would include another 28,000 square meter shopping center.<\/p>\n
The main focus of the Panakukkang Mall will be the Jakarta
\nDiamond Supermarket and Department Store.<\/p>\n
Mall Panakukkang is part of the Panakukkang business area now
\nbeing developed as a business center in Ujungpandang. This new
\nbusiness center will comprise commercial buildings, hotel,
\nrecreation and entertainment facilities, driving range and an
\nexhibition center. (08)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/foreign-retail-chains-eye-ujungpandang-1447893297",
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"sponsor": "Okusi Associates",
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