Istana Plaza

www.istanaplaza.co.id



Description
Istana Plaza is a four storey with two basement levels retail mall with a carpark comprising 700 parking lots. It is located strategically in the heart of the CBD of Bandung, the fourth most populous city in Indonesia.

Situated at the junction between two busy roads of Jalan Pasir Kaliki and Jalan Pajajaran, it is easily accessible by car and public transport. Anchored by Hero Supermarket, the 227 tenancies in Istana Plaza provide one-stop shopping experience for the middle to upper income residents within its population catchment.

Istana Plaza’s many popular international fashion labels have also helped to attract the young and trendy shopper base.

Tenant profile
As at 30 June 2009, Istana Plaza has 227 retail tenants based on Committed Leases. The tenant profile of the mall comprises a diverse set of tenants from a wide variety of industries. The mall is anchored by Hero Supermarket, which occupies approximately 5% of the mall’s total NLA. Other prominent tenants include Ace Hardware which occupies 5.9% of the mall’s total NLA. In addition, it is the only mall in its catchment area with a Nokia Professional Centre and a Hewlett-Packard Centre.

As at 30 June 2009, the mall enjoys an occupancy rate of approximately 95.5 %.

Year of building completion 2001
Land Area 13,082 sq m
Land Title 30 yrs / expiry in November 2033
Appraised value by Knight Frank as at 30 November 2008 S$ 89.5 million
GFA as at June 2009 37,434 sq m
NLA as at June 2009 27, 563 sq m
Occupancy rate as at 30 June 2009 95.5 %
No of Tenants 227
Key Tenants Hero Supermarket, Ace Hardware
Car parking lots 500
Motorcycle parking lots 500