Lippo to build shopping mall

JAKARTA: Publicly listed property firm PT Lippo Karawaci announced on Thursday plans to build a shopping and recreational center in Malang, East Java.

The firm said in a statement that the four-story, 47,500- square-meter Malang Town Square (Matos) would be built on 18,000 square meters of land on Jl. Veteran, with a total of about 791 stores. It is scheduled to open mid-July next year.

Tenants of the facilities include Matahari department store, Time Zone game house, National bookstore, Cinema 21 cineplex and a hypermart retailer, as well as a number of modern food courts and cafes. -- JP