<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="3.5909" data-lng="98.62657" data-map-catchment-data-value="{&quot;lat&quot;:&quot;3.5909&quot;,&quot;lng&quot;:&quot;98.62657&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:500000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km&quot;,&quot;description&quot;:&quot;Primary catchment radius indicating core customer base&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;30 km&quot;,&quot;description&quot;:&quot;Secondary catchment radius for extended customer reach&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;500,000 People&quot;,&quot;description&quot;:&quot;Estimated population in primary catchment area, potential primary customers&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Annual growth rate of catchment population&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Median age of catchment population&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;4 Persons&quot;,&quot;description&quot;:&quot;Average household size in catchment area&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;8,000,000 IDR per month&quot;,&quot;description&quot;:&quot;Median monthly household income in catchment area&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;6.0&quot;,&quot;description&quot;:&quot;Unemployment rate in catchment area&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;466 USD per month&quot;,&quot;description&quot;:&quot;Average monthly cost of living for a single person&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;10,000,000 IDR per year&quot;,&quot;description&quot;:&quot;Annual retail spending per person in catchment&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;1,280,000 IDR per capita&quot;,&quot;description&quot;:&quot;Annual spending on apparel per person&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;20,000,000 IDR per capita&quot;,&quot;description&quot;:&quot;Annual spending on groceries per person&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;5,000,000 IDR per capita&quot;,&quot;description&quot;:&quot;Annual spending on electronics per person&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;2,500,000 Visitors&quot;,&quot;description&quot;:&quot;Total annual visitors to the mall&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time visitors spend in the mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;10,000,000 IDR per year&quot;,&quot;description&quot;:&quot;Annual sales revenue per square meter of GLA&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;120 Stores&quot;,&quot;description&quot;:&quot;Total number of retail outlets in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of major anchor tenants like supermarkets and cinemas&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;5 Malls per 100 km&quot;,&quot;description&quot;:&quot;Number of competing malls in the vicinity&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Level of variety in tenant categories&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Modern design with family entertainment&quot;,&quot;description&quot;:&quot;Description of distinctive mall features&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;89,855 sqm&quot;,&quot;description&quot;:&quot;Total leasable retail space area&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;4 Levels&quot;,&quot;description&quot;:&quot;Number of floors dedicated to retail&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;500,000 IDR per sqm per year&quot;,&quot;description&quot;:&quot;Annual rental rate per square meter&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;8.0&quot;,&quot;description&quot;:&quot;Percentage of leasable space currently vacant&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Standard 3-5 years&quot;,&quot;description&quot;:&quot;Typical lease duration options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 sqm&quot;,&quot;description&quot;:&quot;Current available space for leasing&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct access to ring road&quot;,&quot;description&quot;:&quot;Access to major transportation arteries&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Moderate, bus routes nearby&quot;,&quot;description&quot;:&quot;Availability of public transit options&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,500 Spaces&quot;,&quot;description&quot;:&quot;Number of available parking spots&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Moderate&quot;,&quot;description&quot;:&quot;Level of foot traffic from pedestrians&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Intensity of competition from online retail&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Percentage of shoppers using click-and-collect services&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;70.0&quot;,&quot;description&quot;:&quot;Percentage of population with internet access&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Medium&quot;,&quot;description&quot;:&quot;Assessed level of retail-related crime&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV, guards, patrols&quot;,&quot;description&quot;:&quot;Implemented security features&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Monthly promotions and seasonal events&quot;,&quot;description&quot;:&quot;Frequency and type of marketing activities&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Percentage of customers enrolled in loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Availability of digital advertising displays&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Expected annual increase in visitors&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing&quot;,&quot;description&quot;:&quot;Status of new tenant acquisitions&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Integrated with residential complex&quot;,&quot;description&quot;:&quot;Future development initiatives&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:1802,&quot;slug&quot;:&quot;transmart-mall-medan&quot;,&quot;name&quot;:&quot;Transmart Mall Medan&quot;,&quot;lat&quot;:&quot;3.59252&quot;,&quot;lng&quot;:&quot;98.66306&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Transmart Mall Medan, located at Jalan Gatot Subroto No. 30 in the Medan Petisah district, functions as a mid-tier shopping center anchored by the Transmart hypermarket, formerly Carrefour, spanning levels 1 and 2 with operating hours from 10:00 to 19:00. The property integrates with Plaza Medan Fair, offering a total gross leasable area estimated at around 50,000 square meters, though specific figures for Transmart section are not publicly detailed. It serves as a key retail node in Medan, a city with a population exceeding 2.5 million and a metropolitan area of over 4 million, characterized by a diverse demographic including Malay, Batak, Chinese, and Indian communities, with middle-class growth driving retail demand. The tenant mix emphasizes everyday essentials, featuring the anchor Transmart for groceries, household goods, and electronics, alongside Matahari department store for fashion and apparel, plus mid-range F\u0026B outlets, local boutiques, and services like banking and clinics. Market position is solid in the affordable segment, benefiting from Medans retail sector expansion, where the Indonesia retail market reached USD 56.88 billion in 2025 with a projected 5.6% CAGR through 2030, supported by urban migration and rising disposable incomes. Leasing advantages include competitive base rents averaging IDR 600,000 to 900,000 per square meter per year for secondary spaces, flexible terms with turnover rents, and proximity to residential areas like Medan Petisah and Titi Kuning. However, challenges arise from heavy traffic congestion on Gatot Subroto, limiting accessibility despite public transport links via angkot routes and proximity to Polonia International Airport (about 5 km away). Occupancy rates hover at 85-90% based on regional mall averages, with footfall estimated at 10,000-15,000 daily visitors, boosted by weekend promotions but vulnerable to e-commerce competition and seasonal floods impacting Sumatra. Operational quality is adequate, with modern HVAC but some aging fixtures from the 1990s build, and security managed adequately though petty theft reports persist in busier periods. Overall, it suits retailers targeting value-conscious consumers in a saturated market with over 20 competing malls like Centre Point and Deli Park City, where category overlaps in groceries and fashion pose risks, yet the established footfall provides stable traffic for non-luxury brands.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Transmart Carrefour, Matahari Department Store, Cinepolis&quot;,&quot;distance&quot;:4.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;67567&quot;,&quot;anchor_tenants&quot;:&quot;Transmart Carrefour, Matahari Department Store, Cinepolis&quot;}},{&quot;id&quot;:3740,&quot;slug&quot;:&quot;ring-road-city-walks-mall&quot;,&quot;name&quot;:&quot;Ring Road City Walks Mall&quot;,&quot;lat&quot;:&quot;3.575759&quot;,&quot;lng&quot;:&quot;98.625517&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ring Road City Walks Mall, situated at Jl. Ring Road No.28 in Medan, Indonesia, opened in 2015 as a four-floor shopping destination with 50,000 sqm gross leasable area. It hosts 120 stores featuring a balanced tenant mix, anchored by Smarco Superstore for groceries, Cinema XXI for entertainment, Amazone for fashion, and Celebrity Fitness for wellness, complemented by Funworld for family activities. Annual visitor traffic reaches 6,000,000, with 4% projected growth and 2.5-hour average dwell time, though monthly footfall averages around 166,600 based on annual figures. Occupancy rate is 92%, with 4,000 sqm available amid an 8% vacancy. Rent levels average 300,000 IDR per sqm monthly, providing medium-term lease flexibility suitable for mid-sized retailers. The 5 km primary catchment encompasses 750,000 residents, median age 29, household size 3.9, 25% tertiary education, and median income 5,500,000 IDR monthly, driving per capita retail spend of 15,000,000 IDR yearly, including 1,200,000 IDR on apparel and 6,000,000 IDR on groceries. Accessibility benefits from direct ring road connection, good public transit, and 1,200 parking spots, though its peripheral location distances it from central Medan hubs. In the local market, it holds mid-tier status with 150,000,000 IDR sales per sqm annually and 35% conversion rate, supported by low crime, CCTV security, and monthly events. Leasing appeals to family-focused tenants, with 40% visitors for shopping and 35% for dining, but challenges include moderate competition from three malls per 100,000 people, high 75% internet penetration fueling e-commerce, and potential saturation in basic categories. Infrastructure remains modern, yet expansion plans are unclear, and outer positioning may cap peak footfall versus urban competitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Smarco Superstore, Cinema XXI, Amazone, Celebrity Fitness&quot;,&quot;distance&quot;:1.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;Smarco Superstore, Cinema XXI, Amazone, Celebrity Fitness&quot;}},{&quot;id&quot;:5227,&quot;slug&quot;:&quot;manhattan-square&quot;,&quot;name&quot;:&quot;Manhattan Square&quot;,&quot;lat&quot;:&quot;3.590918&quot;,&quot;lng&quot;:&quot;98.6265584&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Manhattan Square, located at Jl. Gatot Subroto No.217 in Medan Sunggal, North Sumatra, Indonesia, is a modern shopping center that opened in mid-2017. Spanning approximately 90,000 square meters of gross leasable area, it positions itself as one of the larger malls in Medan, a city with a population exceeding 2.5 million and a growing retail sector driven by urban middle-class consumers. The mall features a multi-level design with amenities including a supermarket, department store, cinema, cafes, and restaurants, catering primarily to local and affordable brands. Tenant mix emphasizes fashion (around 35-40%), food and beverage (25-30%), entertainment (15%), and services (20%), with anchors like Brastagi Supermarket and XXI Cinemas drawing consistent visitors. In Medans competitive retail landscape, where occupancy rates for prime malls average 85-95% according to local market reports, Manhattan Square benefits from its relatively new infrastructure and focus on youth-oriented experiences, such as play areas like Kidzilla. Leasing opportunities are attractive for mid-tier retailers due to moderate rent levels estimated at IDR 600,000-900,000 per square meter annually, lower than premium centers like Sun Plaza. However, challenges include seasonal footfall fluctuations and regional economic sensitivities tied to palm oil and trade sectors. Accessibility via major roads supports daily traffic, though Medans congestion can impact peak-hour visits. Overall, it offers balanced potential for retailers targeting local demographics, with strengths in affordability and family appeal but risks from market saturation in the citys 20+ malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Brastagi Supermarket, Cinema XXI, Matahari Department Store, Gramedia&quot;,&quot;distance&quot;:0.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Brastagi Supermarket, Cinema XXI, Matahari Department Store, Gramedia&quot;}},{&quot;id&quot;:2642,&quot;slug&quot;:&quot;plaza-medan-fair&quot;,&quot;name&quot;:&quot;Plaza Medan Fair&quot;,&quot;lat&quot;:&quot;3.59252&quot;,&quot;lng&quot;:&quot;98.66306&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Plaza Medan Fair is a four-level regional shopping mall located at Jalan Jendral Gatot Subroto in the Medan Petisah district of Medan, North Sumatra, Indonesia. Opened in 2004, it spans a net leasable area of 67,567 square meters and gross floor area of 141,866 square meters, positioning it as the second largest mall in Medan, a city with over 2.5 million residents serving as the economic hub of the region. The property, owned by Lippo Malls Indonesia Retail Trust since 2011, records an occupancy rate of 95.2% as of December 2024, exceeding the Medan average of 85%. It hosts 382 tenants in a balanced mix, including 35% food and beverage outlets, 30% fashion retailers, 15% entertainment venues, and others in electronics and services. Key anchors comprise Transmart Carrefour hypermarket, Matahari Department Store, Cinepolis cinema, Timezone arcade, Bata shoes, and AZKO pharmacy, blending international and domestic brands to attract middle-class families and young professionals. Annual shopper traffic stands at 13.2 million, with average dwell time of 90 minutes and a 25% conversion rate, supported by sales per square meter of 15 million IDR. Accessibility benefits from proximity to main roads, residences, and hotels, with 1,034 car parking spaces and 1,300 motorcycle spots, though Medan traffic congestion poses challenges. Rent levels range from 300,000 to 500,000 IDR per square meter annually, averaging 500,000 IDR plus 5-10% turnover rent, offering medium-term lease flexibility. The mall operates multiple promotional events and loyalty programs amid Medan retail market growth of 5-7% annually, driven by rising incomes from trade and agriculture. However, leasing considerations include intense competition from larger venues like Sun Plaza, category saturation in fashion and F\u0026B, e-commerce pressures, and an approaching land lease expiry in July 2027 under an agreement-based title, alongside aging infrastructure from the 2004 build requiring potential upgrades. The primary catchment area covers 2 million people within 500,000 square kilometers, with secondary reach to additional populations, reflecting a diverse demographic of Batak, Malay, and Chinese ethnicities, median age of 30 years, household size of 4, 12% tertiary education rate, median household income of 72 million IDR, 5.2% unemployment, and per capita retail spending of 1,200 USD annually, including 82.65 USD on apparel, 500 USD on groceries, and 150 USD on electronics. This setup provides stable leasing opportunities for retailers targeting affordable to mid-range segments, bolstered by high footfall recovery to 95% of pre-2020 levels and digital integrations like click-and-collect, though risks from economic slowdowns and oversupply in the urban core warrant caution.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Transmart Carrefour, Matahari Department Store, Cinepolis, Timezone, Bata&quot;,&quot;distance&quot;:4.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;382&quot;,&quot;gla_sqm&quot;:&quot;67567&quot;,&quot;anchor_tenants&quot;:&quot;Transmart Carrefour, Matahari Department Store, Cinepolis, Timezone, Bata&quot;}},{&quot;id&quot;:3737,&quot;slug&quot;:&quot;lippo-plaza-medan&quot;,&quot;name&quot;:&quot;Lippo Plaza Medan&quot;,&quot;lat&quot;:&quot;3.5833&quot;,&quot;lng&quot;:&quot;98.6667&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Lippo Plaza Medan, situated at Jl. Imam Bonjol No. 6 in central Medan, Indonesia, is a four-level premium shopping mall developed in 2014 by Lippo Group with a gross leasable area of 50,000 sqm and 150 retail units. Managed under Lippo Malls Indonesia Retail Trust, it features a balanced tenant mix with 40% visitor interest in shopping, 35% in dining, and 25% in home decor, anchored by Matahari Department Store, Hypermart supermarket, and Cinema XXI cinema. Accessibility is favorable via major roads, public transport links, and 800 on-site parking spaces, drawing from a primary 5 km catchment of 1.2 million residents and secondary 20 km radius. Demographics include middle-income households with median monthly income of IDR 4,000,000, median age of 30.4 years, household size of 3.9, and 15% tertiary education rate, supporting family and value-oriented retail. Current occupancy is 81.2%, below Medan average of 85-90%, with 5,000 sqm vacant amid category saturation in fashion and dining. Rents average IDR 500,000 per sqm monthly, exceeding typical local rates of IDR 200,000-300,000, positioning it as mid-tier premium. Annual footfall totals 8 million, with daily averages of 3,333 to 6,666 visitors, 2-hour dwell time, 25% conversion rate, and projected 7% growth. Leasing advantages encompass flexible 3-5 year terms, diverse anchors, promotional events, and 40% loyalty program uptake, though drawbacks involve e-commerce competition (70% penetration), high rival density (5 malls per sq km), aging infrastructure, and economic pressures affecting performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Cinema XXI&quot;,&quot;distance&quot;:4.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Cinema XXI&quot;}},{&quot;id&quot;:1805,&quot;slug&quot;:&quot;trans-studio-mall-medan&quot;,&quot;name&quot;:&quot;Trans Studio Mall Medan&quot;,&quot;lat&quot;:&quot;3.59&quot;,&quot;lng&quot;:&quot;98.67&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Trans Studio Mall Medan, located at Jalan Gang Alwasliyah in Medan, North Sumatra, Indonesia, is a mid-tier retail destination spanning about 40,000 square meters of gross leasable area, developed by Trans Corp and operational since 2015. It integrates shopping with family entertainment, featuring anchors like Transmart hypermarket for groceries and daily needs, Metro Department Store for fashion and apparel, and XXI Cinemas for leisure. The tenant mix comprises around 150 stores, emphasizing local and mid-range international brands in categories such as clothing (e.g., H\u0026M, Uniqlo equivalents), electronics, and food courts with Indonesian cuisine. Entertainment includes a compact Trans Studio indoor theme park with rides suitable for children, boosting weekend footfall. In Medans retail landscape, it positions as a community-oriented mall serving the Setia Budi districts middle-class residents, amid a metro population exceeding 4.5 million with growing disposable incomes averaging IDR 6 million monthly per BPS 2024 data. Occupancy hovers at 84%, supported by rent levels of IDR 350,000-500,000 per square meter annually, lower than Jakartas premiums. Accessibility relies on local bus routes like 06 and 108, though Medans traffic congestion poses challenges. Leasing advantages encompass flexible short-term options for pop-ups and synergies with Trans Corp ecosystem, yet drawbacks include competition from larger venues like Centre Point Mall and vulnerability to economic fluctuations in Sumateras palm oil-dependent economy, where retail sales grew 3.2% in 2024 per industry reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Transmart,Metro Department Store,XXI Cinema&quot;,&quot;distance&quot;:4.82,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart,Metro Department Store,XXI Cinema&quot;}},{&quot;id&quot;:3738,&quot;slug&quot;:&quot;grand-palladium-mall&quot;,&quot;name&quot;:&quot;Grand Palladium Mall&quot;,&quot;lat&quot;:&quot;3.590385&quot;,&quot;lng&quot;:&quot;98.67161&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand Palladium Mall is a five-story shopping center located at Jl. Kapten Maulana Lubis No. 8 in the Petisah Tengah district of Medan, North Sumatra, Indonesia. Opened in September 2005 and owned by Lippo Malls Indonesia Retail Trust, it occupies a strategic position in the citys central business district, integrated with The Aryaduta Medan Hotel and approximately 2.5 km from the former Polonia International Airport, now supplemented by Kualanamu International Airport about 39 km away. The mall spans around 25,000 square meters of gross leasable area, featuring anchor tenants such as Matahari Department Store, Hypermart supermarket, Gramedia bookstore, and Palladium 21 cinema. Its tenant mix includes mid-tier fashion outlets, electronics stores, food and beverage options on the upper levels, and essential services, catering primarily to local residents and business travelers. Medan, as Indonesias third-largest city with a metropolitan population exceeding 4.7 million, supports a diverse demographic including Malay, Batak, Chinese, and Indian communities, with a growing middle class driving retail demand. The malls CBD location ensures accessibility via public transport, including proximity to Medan Train Station and city hall, though traffic congestion poses challenges. Occupancy rates for Lippo Malls properties in secondary cities like Medan hover around 80-85% based on 2025 trust reports, with ongoing asset enhancement initiatives aimed at revitalizing spaces through tenant repositioning and facility upgrades. Rent levels for similar mid-tier malls in Medan range from IDR 400,000 to 700,000 per square meter per month, offering competitive entry for retailers compared to premium Jakarta venues. Footfall benefits from the urban core, estimated at 5,000-7,000 daily visitors, bolstered by hotel synergies and office proximity, though it faces pressure from newer competitors. Leasing advantages include flexible terms for mid-sized retailers, turnkey spaces in enhanced areas, and marketing support via Lippos network, but potential lessees should note risks from market saturation and the need for strong local appeal in a price-sensitive environment. Operational quality is average, with ample parking for 500 vehicles, but some infrastructure shows signs of aging post-20 years, requiring investment in maintenance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Cinema XXI, Hypermart&quot;,&quot;distance&quot;:5.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Cinema XXI, Hypermart&quot;}},{&quot;id&quot;:3348,&quot;slug&quot;:&quot;mutiara-mall-medan&quot;,&quot;name&quot;:&quot;Mutiara Mall Medan&quot;,&quot;lat&quot;:&quot;3.5833&quot;,&quot;lng&quot;:&quot;98.6667&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mutiara Mall Medan is a mid-sized shopping center located in the bustling city of Medan, North Sumatra, Indonesia, serving as a key retail destination for local residents and visitors. Opened in the early 2000s, the mall spans approximately 50,000 square meters of gross leasable area across multiple levels, featuring a balanced tenant mix that includes fashion retailers, electronics stores, supermarkets, and dining options. It caters primarily to middle-income shoppers with a focus on affordable local and international brands such as Matahari Department Store, Ace Hardware, and various F\u0026B outlets offering Indonesian, Chinese, and Batak cuisine. The malls market position is solid within Medans competitive retail landscape, which includes larger anchors like Sun Plaza and Centre Point Mall, but it benefits from its central location near residential areas and business districts. Footfall averages around 1.5 million visitors annually, supported by Medans population of over 2.4 million and its role as Sumateras economic hub. Occupancy rates hover at 85-90 percent, reflecting stable demand despite post-pandemic recovery challenges. Rent levels range from IDR 400,000 to 600,000 per square meter per year, competitive for secondary malls in the region. Accessibility is facilitated by proximity to Jalan Sisingamangaraja and public transport options, including angkot minibuses and proximity to Kualanamu International Airport about 40 km away. The tenant mix emphasizes everyday essentials and family entertainment, with a cinema and play areas drawing younger demographics. However, the mall faces risks from intense competition, occasional flooding in Medan, and the need for infrastructure upgrades to match newer developments. Market factors include Indonesias retail sector growth at 4.7 percent CAGR through 2029, driven by rising urban consumption, though saturation in Medan poses challenges for weaker categories like luxury goods. Overall, leasing here offers balanced opportunities for retailers targeting value-conscious consumers in a diverse, multicultural market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store;Hypermart;Gramedia&quot;,&quot;distance&quot;:4.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store;Hypermart;Gramedia&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:2601,&quot;slug&quot;:&quot;deli-plaza&quot;,&quot;name&quot;:&quot;Deli Plaza&quot;,&quot;lat&quot;:&quot;3.594854&quot;,&quot;lng&quot;:&quot;98.675993&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Deli Plaza, established in 1985, is one of Medans oldest shopping centers located in the central business district along Jalan Putri Hijau. Spanning approximately 20,000 square meters over multiple floors, it has historically served as a mid-tier retail destination catering to local middle-class shoppers. The property features a mix of import boutiques offering international fashion and accessories, a cinema with class A sound system, diverse dining options including local Indonesian cuisine and fast food outlets, and a childrens playground that appeals to families. Occupancy rates hover around 75-85 percent, supported by daily footfall of 5,000 to 8,000 visitors, primarily from nearby residential areas and office workers. Rent levels range from IDR 300,000 to 600,000 per square meter annually, lower than newer competitors, providing cost-effective leasing for small to medium retailers. Accessibility is favorable via major roads and public transport, though traffic congestion in central Medan can pose challenges. The tenant mix includes anchor stores like a mid-sized supermarket and apparel chains, balanced with services such as banks and electronics shops. In Medans retail market, characterized by over 10 major malls and a population of 2.5 million with diverse ethnic demographics including Batak, Javanese, and Chinese communities, Deli Plaza holds a niche as an affordable, community-oriented venue. Leasing advantages include flexible terms for short-term pop-ups and proximity to hotels, but drawbacks involve aging infrastructure requiring maintenance and competition from modern developments like Delipark Mall and Centre Point, which draw younger, affluent crowds with superior amenities. Overall, it suits retailers targeting budget-conscious locals amid Medans growing e-commerce saturation and post-pandemic recovery, where physical retail footfall has stabilized at 70 percent of pre-2020 levels per local market reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;SOGO Department Store, Ace Hardware, Transmart&quot;,&quot;distance&quot;:5.5,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;SOGO Department Store, Ace Hardware, Transmart&quot;}},{&quot;id&quot;:2114,&quot;slug&quot;:&quot;mall-ciputra-medan&quot;,&quot;name&quot;:&quot;Mall Ciputra Medan&quot;,&quot;lat&quot;:&quot;3.6094&quot;,&quot;lng&quot;:&quot;98.6936&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall Ciputra Medan, situated within the expansive 211-hectare CitraLand Gama City township in Medan, North Sumatra, represents a key commercial component of Ciputra Groups integrated development launched in 2013. The mall encompasses approximately 45,000 square meters of gross leasable area, hosting a diverse tenant mix that includes anchor tenants such as a hypermarket, department store, multiplex cinema, and over 150 specialty stores focused on fashion (25%), food and beverage (30%), electronics, and services. This configuration caters to everyday needs and leisure, supporting an estimated daily footfall of 20,000 visitors, bolstered by the townships residential population exceeding 2,500 units and proximity to growing suburban communities. Occupancy levels hover at 85%, consistent with Ciputra Groups portfolio average of 85-89% as reported in 2024-2025 financials, indicating healthy demand amid Indonesias retail sector growth of 5% CAGR. Rent levels are competitive at IDR 300,000 to 500,000 per square meter per month, lower than Jakartas IDR 800,000 benchmark, providing leasing advantages like flexible space configurations and marketing collaborations for new entrants. Accessibility is a strength, with the property just 10 minutes from Kuala Namu International Airport via toll roads and 15-20 minutes from Medan city center, facilitating regional traffic. The target demographic comprises middle-income families and young professionals in Medans 2.5 million metro population, where average household income is IDR 7-10 million monthly and urban migration drives consumption. Market position as a neighborhood-oriented mall in an emerging growth corridor offers stability, yet faces drawbacks from intense competition among over 20 malls in Medan, including established players like Sun Plaza and Centre Point with higher footfall (40,000+ daily). Potential risks encompass category saturation in F\u0026B and fashion, e-commerce competition eroding 15% of sales, and infrastructure challenges like traffic congestion during peak hours. Overall, the property suits retailers seeking balanced exposure in a secondary market with projected retail expansion to USD 75 billion nationally by 2030.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Transmart,XXI Cinemas,Gramedia,Erafone&quot;,&quot;distance&quot;:7.72,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart,XXI Cinemas,Gramedia,Erafone&quot;}},{&quot;id&quot;:3739,&quot;slug&quot;:&quot;thamrin-plaza-medan&quot;,&quot;name&quot;:&quot;Thamrin Plaza Medan&quot;,&quot;lat&quot;:&quot;3.5866857&quot;,&quot;lng&quot;:&quot;98.69219&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Thamrin Plaza Medan is a 60,000 sqm gross leasable area shopping mall located at Jl. M.H. Thamrin No.75R in the central business district of Medan, Indonesia, adjacent to the bustling Pasar Ramai market in the Chinatown area. Built in 1989 with seven levels, it features 150 retail stores and maintains a high occupancy rate of 95%, with approximately 3,000 sqm of available space. Anchor tenants include Matahari Department Store, Hero Supermarket, and Cinema XXI, contributing to a diverse tenant mix that allocates 40% to shopping, 35% to dining, and 25% to home decor categories. The mall serves a primary catchment area of 1.2 million people within a 5 km radius, with Medans overall population at 2.5 million and a 1.2% annual growth rate. Average monthly rents stand at 200,000 IDR per sqm, with sales per sqm reaching 15 million IDR annually. Annual footfall is estimated at 6 million visitors, supported by direct access to main roads, high public transport connectivity, and 500 parking spaces. In the Medan retail market, which is recovering post-pandemic with occupancy rates around 85-95% across similar properties, Thamrin Plaza holds a mid-tier position amid medium competitor density from malls like Medan Mall and Mutiara Mall. Leasing advantages include medium-term flexibility and frequent promotional events, though challenges arise from the propertys age, potentially requiring renovations, and increasing e-commerce penetration at 75% internet usage in the area. Demographic factors show a median age of 30, household income of 6.5 million IDR monthly, and retail spending of 2.5 million IDR per capita annually, indicating steady but competitive consumer demand influenced by regional minimum wage of 4 million IDR and 5.5% unemployment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store;Hero Supermarket;Cinema XXI&quot;,&quot;distance&quot;:7.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store;Hero Supermarket;Cinema XXI&quot;}},{&quot;id&quot;:1271,&quot;slug&quot;:&quot;sun&quot;,&quot;name&quot;:&quot;Sun Plaza&quot;,&quot;lat&quot;:&quot;3.583513&quot;,&quot;lng&quot;:&quot;98.6715912&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Sun Plaza is a 21-year-old regional shopping center in Medan\&quot;s Polonia district, operated by PT Lippo Malls Indonesia, spanning over 87,000 square meters of gross leasable area across six levels. It serves as a family-oriented destination targeting middle to upper-middle class consumers, with anchors including Sogo Department Store, Hypermart, H\u0026M, Uniqlo, Zara, and Cinepolis cinema. The tenant mix comprises 40 percent fashion and lifestyle outlets, 30 percent F\u0026B with over 50 local and international brands, 15 percent entertainment featuring a 585 square meter ice skating rink, and the remainder in groceries and services, totaling more than 350 outlets. Occupancy stands at 80 percent as of late 2023, with a 5 percent vacancy rate, bolstered by 2024 renovations that improved aesthetics, added atrium spaces, and introduced alfresco dining to draw premium tenants. Average monthly footfall reaches 1,200, with daily visitors ranging from 10,000 to 15,000 on weekdays and up to 25,000 on weekends, yielding 7 million annual visitors and 15 percent year-over-year growth. Rent levels average IDR 300,000 to 500,000 per square meter annually, alongside sales of 15 million IDR per square meter per year. Accessibility benefits from central positioning on major roads like Jalan Haji Zainul Arifin, public transport via angkot routes, and proximity to Polonia International Airport at 5 km, with parking for 1,724 cars and 2,000 motorcycles, though peak-hour traffic congestion presents challenges. The primary catchment covers 2.5 million people within a 10 to 30 km radius, characterized by a median age of 30, household size of 3.9, and median monthly income of 4 million IDR. In Medan\&quot;s retail landscape, marked by 85 percent overall occupancy yet 10 to 15 percent annual churn from oversupply, Sun Plaza holds a stable market position through its central location near government offices and the Grand Mosque, consistent footfall, diverse tenant base, and flexible leasing options with medium-term agreements including base rents plus turnover clauses. Leasing advantages include competitive rates suitable for mid-tier brands, high visibility for family-focused retail, and opportunities for experiential concepts amid growing tourism, balanced against risks from e-commerce competition and the need for periodic mix updates in weaker categories like electronics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;NTUC Fairprice, Koufu, Hai Di Lao Hotpot, Sembawang Public Library&quot;,&quot;distance&quot;:5.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;14700&quot;,&quot;anchor_tenants&quot;:&quot;NTUC Fairprice, Koufu, Hai Di Lao Hotpot, Sembawang Public Library&quot;}},{&quot;id&quot;:2094,&quot;slug&quot;:&quot;medan-mall&quot;,&quot;name&quot;:&quot;Medan Mall&quot;,&quot;lat&quot;:&quot;3.592&quot;,&quot;lng&quot;:&quot;98.682&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Medan Mall, located on Jl. Letjen S. Parman in central Medan, North Sumatra, Indonesia, is a multi-level shopping center established in the 1990s, spanning approximately 50,000 square meters of gross leasable area. It serves as a value-oriented retail destination targeting middle and lower-income local shoppers in a city with a metropolitan population exceeding 4.5 million. The mall features a mix of international and local brands, including apparel from Levi\&quot;s, Zara, and Giordano at discounted prices compared to upscale competitors, alongside electronics, books at Gramedia, and beauty products. Food options include a top-floor food court offering Indonesian, Japanese, and fast-food chains like KFC and Texas Chicken. Accessibility is strong via public transport and proximity to the city center, though traffic congestion poses challenges. Occupancy rates hover around 85-90% based on regional retail trends, with average rents estimated at IDR 200,000-300,000 per square meter per month, lower than premium malls due to its age. The tenant mix emphasizes affordable fashion (40%), F\u0026B (25%), and services (20%), supporting steady footfall of about 10,000-15,000 daily visitors on weekdays, peaking during weekends and holidays. Market position is mid-tier in a saturated landscape with over 10 major malls; advantages include bargaining opportunities in local shops and central location near residential areas, but drawbacks involve aging infrastructure like outdated HVAC and elevators, potentially increasing maintenance costs for tenants. Competition from modern venues like Sun Plaza erodes high-end traffic, while economic factors such as inflation and e-commerce growth impact non-essential retail. Leasing here suits budget-conscious retailers focusing on volume sales, with flexible terms but risks from urban density and seasonal flooding in Medan.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Gramedia, Supermarket&quot;,&quot;distance&quot;:6.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Gramedia, Supermarket&quot;}},{&quot;id&quot;:4060,&quot;slug&quot;:&quot;broadway-medan&quot;,&quot;name&quot;:&quot;Broadway Medan&quot;,&quot;lat&quot;:&quot;3.6125&quot;,&quot;lng&quot;:&quot;98.6792&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Broadway Medan, located in central Medan, North Sumatra, Indonesia, operates as a mid-tier shopping center spanning 50,000 square meters of gross leasable area over four floors. Opened in 2005, it positions itself as a community hub in a city of over 2.5 million people, focusing on affordable retail amid a competitive landscape with more than 10 malls. Occupancy hovers at 88%, aligned with regional averages from commercial reports. The tenant mix balances local and international brands: anchors include a supermarket and department store occupying 40% of space, fashion retailers 30%, food and beverage 20%, and services 10%. Notable tenants feature Uniqlo, local apparel chains, and fast-food outlets like KFC. Rent levels average IDR 250,000 per square meter monthly, competitive against premium sites like Sun Plaza at IDR 350,000. Accessibility benefits from proximity to major roads and public transit, though traffic congestion impacts peak access. Daily footfall averages 12,000 visitors, supported by middle-income demographics with household incomes of IDR 5-7 million. Leasing advantages encompass flexible 3-5 year terms, turnover-based rents (5-10% of sales), and co-tenancy protections for smaller retailers entering growing sectors like beauty and electronics. Challenges include aging infrastructure requiring upkeep and market saturation in apparel, where e-commerce erodes 15% of traditional sales. Overall, it delivers stable performance for value-oriented retailers in a recovering post-pandemic market with 5% annual economic growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Cinema XXI, Brastagi Supermarket&quot;,&quot;distance&quot;:6.32,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;89855&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Cinema XXI, Brastagi Supermarket&quot;}},{&quot;id&quot;:3741,&quot;slug&quot;:&quot;suzuya-marelan-plaza&quot;,&quot;name&quot;:&quot;Suzuya Marelan Plaza&quot;,&quot;lat&quot;:&quot;3.7075&quot;,&quot;lng&quot;:&quot;98.66&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Suzuya Marelan Plaza, situated at Jl. Marelan Raya No. 207 in Medan, Indonesia, is a neighborhood shopping mall with 6,000 sqm gross leasable area across two levels, established in 2010 by the Suzuya Group. It hosts 25 retail outlets with medium tenant diversity, anchored by Suzuya Supermart and XXI Cinema, drawing visitors primarily for shopping (40%), dining (35%), and home decor (25%). Occupancy rate is 92%, with 8% vacancy and 500 sqm available space. Monthly footfall averages 8,333, translating to 250,000 annual visitors, with a projected 4% growth and average dwell time of 45 minutes. Rental rates stand at 120,000 IDR per sqm per month, while annual sales per sqm reach 45 million IDR. Accessibility benefits from direct access to main roads, good public transport links, and 150 parking spaces, though pedestrian traffic remains moderate. The primary catchment area within a 5 km radius serves 150,000 residents, featuring a median age of 30, household size of 4.1, median income of 4.5 million IDR monthly, 18% tertiary education rate, and 2.5% population growth. In Medans retail landscape, it positions as a local convenience center with high lease flexibility, monthly promotional events, and digital integration, offering affordable entry for tenants targeting families. Leasing advantages include anchor-driven traffic and stable occupancy, but drawbacks encompass limited scale constraining tenant mix variety, comparatively low footfall versus central malls, elevated e-commerce competition, and risks from aging infrastructure after 15 years, alongside market saturation and access challenges like traffic congestion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Suzuya Supermart, XXI Cinema&quot;,&quot;distance&quot;:13.49,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Suzuya Supermart, XXI Cinema&quot;}},{&quot;id&quot;:7272,&quot;slug&quot;:&quot;grand-indonesia-medan&quot;,&quot;name&quot;:&quot;Grand Indonesia Medan&quot;,&quot;lat&quot;:&quot;3.5627311&quot;,&quot;lng&quot;:&quot;98.69582&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand Indonesia Medan, situated in central Medan, North Sumatra, Indonesia, spans 45,000 sqm of gross leasable area across 4 levels, establishing itself as a super regional retail hub since its opening. It serves a primary catchment of 1.2 million people within 5 km and over 2.5 million citywide, targeting Medans urban middle class. The tenant mix comprises 120 stores, anchored by Parkson department store, Lotte Mart supermarket, and Ace Hardware, alongside fashion brands like Polo Ralph Lauren, electronics outlets, over 100 F\u0026B choices including a top-floor food court, cafes, and XXI cinema for entertainment. This mid-market focus emphasizes essentials, dining, and leisure, with strengths in anchor-driven synergy but weaknesses in luxury and premium categories. In Medans retail landscape, characterized by 85% average occupancy and 15% vacancy, the property holds a solid mid-tier position amid moderate 5% annual growth, supported by a burgeoning middle class with average monthly household incomes of IDR 10 million and 40% of the population aged 18-35. Leasing advantages encompass competitive annual rents of IDR 600,000 to 1,200,000 per sqm, flexible 3-5 year terms often with fit-out contributions and turnover-based clauses, plus robust footfall of 10,000-15,000 daily visitors (1.5 million annually) and 1.5-hour dwell times. Accessibility benefits from adjacency to Medan Station and Railink to Kualanamu Airport, facilitating commuter and tourist traffic, though drawbacks include limited parking (1,200 spaces) and monsoon-related road flooding. Operational quality is high with modern facilities, efficient management, 24/7 security, and 12 annual events boosting engagement. However, competition from larger venues like Sun Plaza and Deli Park City, e-commerce eroding 30% of sales, and regional economic dependence on palm oil introduce risks of saturation in electronics and fashion, alongside infrastructure maintenance needs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Lotte Mart, Ace Hardware, Metro Department Store&quot;,&quot;distance&quot;:8.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;Lotte Mart, Ace Hardware, Metro Department Store&quot;}},{&quot;id&quot;:1465,&quot;slug&quot;:&quot;centre-point-mall&quot;,&quot;name&quot;:&quot;Centre Point Mall&quot;,&quot;lat&quot;:&quot;3.591907&quot;,&quot;lng&quot;:&quot;98.681419&quot;,&quot;property_type&quot;:&quot;Super Regional&quot;,&quot;description&quot;:&quot;Centre Point Mall, situated at Jl. Jawa No. 8 in the heart of Medan, North Sumatra, Indonesia, opened in 2013 as a super regional shopping destination adjacent to Medan Station. With an estimated gross leasable area of 50,000 square meters across multiple floors, it features anchor tenants including Parkson department store, Lotte Mart supermarket in the basement, and Ace Hardware. The tenant mix comprises fashion outlets like Polo Ralph Lauren, electronics stores, numerous eateries and a food court on the top floor, cafes, a XXI cinema, and specialty shops for groceries and telecom services. Its prime location enhances accessibility via Railink from Kualanamu International Airport and local trains, drawing commuters and tourists. Medans retail sector benefits from a population exceeding 2.5 million, with a burgeoning middle class driving consumption; however, the market experiences moderate growth amid economic fluctuations. Occupancy in comparable Medan malls stands at approximately 85%, supported by daily footfall of 10,000 to 15,000 visitors. Leasing advantages include strong transport links boosting traffic, a balanced tenant mix promoting synergy, and modern amenities like clean facilities and safety protocols. Drawbacks encompass parking limitations, road flooding during monsoons, and competition from larger venues like Deli Park City and Sun Plaza, which offer more entertainment. Rent levels typically range from IDR 600,000 to 1,200,000 per square meter annually, varying by unit position and category, with potential for percentage rent clauses. Overall, it suits mid-tier retailers targeting urban demographics but requires vigilance on local competition and infrastructure maintenance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Lotte,Ace Hardware&quot;,&quot;distance&quot;:6.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;216000&quot;,&quot;anchor_tenants&quot;:&quot;Lotte,Ace Hardware&quot;}},{&quot;id&quot;:3742,&quot;slug&quot;:&quot;cambridge-city-square&quot;,&quot;name&quot;:&quot;Cambridge City Square&quot;,&quot;lat&quot;:&quot;3.5952&quot;,&quot;lng&quot;:&quot;98.6728&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Cambridge City Square is an integrated mixed-use development in the central business district of Medan, North Sumatra, Indonesia, operational since April 2008. The property spans approximately 50,000 square meters of gross leasable area across five retail floors, plus basement parking, and forms part of a 4-in-1 complex including two office towers, a luxury condominium, and the Swiss-Belhotel Medan. Located at Jl. Letjen S. Parman No. 217 in the Medan Baru area, near government offices, banks, and exclusive housing, it benefits from proximity to the city&#39;s commercial core but faces typical urban traffic congestion. The tenant mix emphasizes food and beverage outlets (about 40% of space), with anchors like Brastagi Hypermarket, Ace Hardware, and Family Fitness gym, alongside fashion, beauty services, and entertainment options such as an ice skating rink and kids&#39; play area. Notable tenants include Starbucks, JCO Donuts, Es Teler 77, Duck King, and Nelayan Dim Sum Restaurant, blending local Medanese cuisine in modern settings with international brands. In Medan&#39;s competitive retail landscape, where the market saw a 5-6% CAGR in 2024-2025 per industry reports, Cambridge positions as a mid-tier, family-oriented destination rather than a high-end luxury hub, with estimated daily footfall of 8,000-12,000 visitors on weekdays, rising to 15,000-20,000 on weekends, driven by residential and office synergies. Occupancy stands at around 85% as of late 2025, supported by stable demand from middle-income demographics, though post-pandemic recovery has been uneven with some F\u0026B vacancies. Rent levels range from IDR 250,000 to 450,000 per square meter per month, competitive for CBD locations but pressured by nearby larger malls. Leasing advantages include flexible spaces for pop-ups and events, integrated access to hotel and residential traffic, and lower turnover due to the enclosed, air-conditioned environment. However, challenges include market saturation in F\u0026B categories, aging infrastructure from the 2008 build requiring maintenance, and accessibility issues from Medan&#39;s poor public transport and flooding risks during rainy seasons. Overall, it suits retailers targeting urban professionals and families seeking convenience over volume traffic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Swiss-Belhotel&quot;,&quot;distance&quot;:5.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Swiss-Belhotel&quot;}},{&quot;id&quot;:2600,&quot;slug&quot;:&quot;sun-plaza&quot;,&quot;name&quot;:&quot;Sun Plaza&quot;,&quot;lat&quot;:&quot;3.583245&quot;,&quot;lng&quot;:&quot;98.69014&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Sun Plaza is a 21-year-old regional shopping center in Medan\&quot;s Polonia district, operated by PT Lippo Malls Indonesia, spanning over 87,000 square meters of gross leasable area across six levels. It serves as a family-oriented destination targeting middle to upper-middle class consumers, with anchors including Sogo Department Store, Hypermart, H\u0026M, Uniqlo, Zara, and Cinepolis cinema. The tenant mix comprises 40 percent fashion and lifestyle outlets, 30 percent F\u0026B with over 50 local and international brands, 15 percent entertainment featuring a 585 square meter ice skating rink, and the remainder in groceries and services, totaling more than 350 outlets. Occupancy stands at 80 percent as of late 2023, with a 5 percent vacancy rate, bolstered by 2024 renovations that improved aesthetics, added atrium spaces, and introduced alfresco dining to draw premium tenants. Average monthly footfall reaches 1,200, with daily visitors ranging from 10,000 to 15,000 on weekdays and up to 25,000 on weekends, yielding 7 million annual visitors and 15 percent year-over-year growth. Rent levels average IDR 300,000 to 500,000 per square meter annually, alongside sales of 15 million IDR per square meter per year. Accessibility benefits from central positioning on major roads like Jalan Haji Zainul Arifin, public transport via angkot routes, and proximity to Polonia International Airport at 5 km, with parking for 1,724 cars and 2,000 motorcycles, though peak-hour traffic congestion presents challenges. The primary catchment covers 2.5 million people within a 10 to 30 km radius, characterized by a median age of 30, household size of 3.9, and median monthly income of 4 million IDR. In Medan\&quot;s retail landscape, marked by 85 percent overall occupancy yet 10 to 15 percent annual churn from oversupply, Sun Plaza holds a stable market position through its central location near government offices and the Grand Mosque, consistent footfall, diverse tenant base, and flexible leasing options with medium-term agreements including base rents plus turnover clauses. Leasing advantages include competitive rates suitable for mid-tier brands, high visibility for family-focused retail, and opportunities for experiential concepts amid growing tourism, balanced against risks from e-commerce competition and the need for periodic mix updates in weaker categories like electronics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, H\u0026M, Uniqlo, Zara, Cinepolis&quot;,&quot;distance&quot;:7.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;71245&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, H\u0026M, Uniqlo, Zara, Cinepolis&quot;}},{&quot;id&quot;:1466,&quot;slug&quot;:&quot;sun-plaza-medan&quot;,&quot;name&quot;:&quot;Sun Plaza Medan&quot;,&quot;lat&quot;:&quot;3.583245&quot;,&quot;lng&quot;:&quot;98.69014&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Sun Plaza Medan, situated at Jl. Gatot Subroto No. 217, Sei Sikambing B, Medan Sunggal, Medan, Sumatera Utara, Indonesia, is a regional shopping center established in 2004 with approximately 40,000 sqm of gross leasable area across six levels. Managed by PT Lippo Malls Indonesia, it caters to middle to upper-middle class families in Medans retail sector, characterized by 85 percent overall occupancy and 10 to 15 percent annual tenant churn due to oversupply. The property features over 350 outlets, with a tenant mix of 40 percent fashion and lifestyle brands, 30 percent food and beverage options including over 50 local and international eateries, 15 percent entertainment facilities such as a 585 sqm ice skating rink and Cinepolis cinema, and the remainder in groceries and services. Key anchors include Sogo Department Store, Hypermart, H\u0026M, Uniqlo, Zara, and other international retailers. Recent post-2024 renovations have improved aesthetics, added atrium spaces, and introduced alfresco dining to enhance appeal. Current occupancy stands at 80 percent, with 2,000 sqm of available space for leasing. Rent levels average IDR 300,000 to 500,000 per sqm annually, supplemented by turnover clauses in medium-term agreements, providing flexibility for mid-tier brands. Annual footfall reaches 7 million visitors, supported by daily traffic of 10,000 to 25,000, with sales per sqm at IDR 15 million and 25 percent conversion rate. The primary catchment encompasses 1 million residents in Central Medan within a 10 to 30 km radius, featuring a median household income of IDR 7 million monthly and 1.5 percent population growth. Leasing advantages encompass a stable market position near government offices and the Grand Mosque, opportunities for experiential retail amid tourism growth, high visibility, and defensive positioning for family-focused operations. Potential challenges include e-commerce competition, economic fluctuations impacting discretionary spending, and the need for ongoing tenant mix refreshes in saturated categories like fashion and electronics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Medan&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, H\u0026M, Uniqlo, Zara, Cinepolis&quot;,&quot;distance&quot;:7.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;264&quot;,&quot;gla_sqm&quot;:&quot;71245&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, H\u0026M, Uniqlo, Zara, Cinepolis&quot;}}],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/manhattan-times-square" id="mall-map-wrapper"><div data-city="Medan" data-current-mall="true" data-id="manhattan-times-square" data-lat="3.5909" data-lng="98.62657" data-map-target="mall" data-name="Manhattan Times Square" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">30 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">500,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.5</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">8,000,000 IDR per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">6.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">466 USD per month</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10,000,000 IDR per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">1,280,000 IDR per capita</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">20,000,000 IDR per capita</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">5,000,000 IDR per capita</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">2,500,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">90 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">10,000,000 IDR per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">120 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">5 Malls per 100 km</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">89,855 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">4 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">500,000 IDR per sqm per year</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">8.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Direct access to ring road</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Moderate, bus routes nearby</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Moderate</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">70.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Medium</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV, guards, patrols</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Monthly promotions and seasonal events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Integrated with residential complex</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>