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Lippo Plaza Batu

Lippo Plaza Batu

Lippo Plaza Batu is a retail mall with three levels and one basement level located in Batu City, approximately 20 km northwest of Malang, the second largest city in East Java. Batu city is known mainly for agro and eco-tourism with its numerous apple orchards and strawberry plantations. It also has several natural sights such as caves, waterfalls and nature reserves. The cool temperature and pristine nature makes the city popular for recreational retreats since the Dutch colonial days.

Anchored by Matahari Department Store and Hypermart, the mall has a diverse tenant mix.

  • 27.9
    million (S$)
    Appraised Value
  • 20,161
    sqm
    Net Lettable Area
  • 95.3%
    Occupancy
  • 1.3
    million
    Annual Shopper Traffic

Property Information

Jalan Diponegoro RT. 07 RW. 05, Sub District of Sisir, District of Batu, City of Batu, Province of East Java, Indonesia
http://m.lippomalls.com/malls/Lippo-Plaza-Batu/

Key data as at 31 December 2016

Building Completion Year 2009
Acquisition Date 7 July 2015
Purchase Price (IDR'billion) 265.0
Land Title HGB
Land Lease Expiry 8 June 2031
Gross Floor Area (sqm) 34,586
Number of Tenants 43
Key Tenants Matahari Department Store, Hypermart and Cinemaxx
Car Park Lots 184
Motorcycle Parking Lots 500