Property Entrepreneur Iwan Sunito Acquires Luxury Mall in Australia for IDR 215 billion
Liputan6.com, Jakarta After completing the takeover of One Global Resorts and Conference Center worth IDR 1.3 trillion, One Global Capital, a property development company owned by Iwan Sunito, continued a large-scale purchase to secure The Grand, Crown Group's shopping center in the area Eastlakes, East of Sydney for IDR 215 billion with a yield of 7%.
The acquisition of The Grand Shopping Center is still under contract with completion of the acquisition expected to occur in August 2024.
The Grand Shopping Center is predicted to be able to grow the recurring income asset base for the company. One Global Capital also hopes that there will be another acquisition process that can be carried out in the next few months.
Commissioner and CEO of One Global Capital, Iwan Sunito, revealed that this acquisition will bring the value of One Global Capital's investment assets to more than IDR 10 trillion.
“We are in the early stages of the company's growth phase. Apart from The Grand, One Global Capital is currently in Exclusive Due Diligence to purchase an office building in the city of Sydney for IDR 4.4 trillion for our future projects. "I am very happy with the strategic acquisitions we have made in the last year," he said in a written statement in Jakarta, Monday (8/7/2024).
For this man born in Surabaya who grew up in the forests of Kalimantan, the acquisition of the Grand Shopping Center feels significant, because it is part of a seven-year strategic vision to go public while increasing the company's recurring income and building mixed-use development capacity.
"After the acquisition, this shopping center will change its name from 'The Grand' to 'The One Global Centre'. Our team is immediately working to add tenants, including more convenience stores. "We hope to be able to fill this space within three months after the acquisition is complete," added Iwan Sunito.
For information, the first phase of The Grand Shopping Center opened in July 2021, covering more than 3,000 square meters of retail space and consisting of 16 retail outlets, including larger format ALDI, Metro Wool-worths, and a number of specialty stores such as Pattison Pattiserie , Wholelife Pharmacy, Australia Post and Newsagency, Ausome Nails, Akira Sushi, Hatch Espresso, SP mobile and Val Morgan Retail.
"We plan to add more retailers to this shopping center to make The One Global Center very convenient," he said, adding.
“Apart from that, we will work intensively with the architects to take The Grand to another level. We want The One Global Center to become a new community center in the East. Making Eastlakes great again," he said, smiling.
Furthermore, Iwan Sunito said he was very inspired by the 'Walking Village' and 'Green Concept' on James Street Brisbane in Fortitude Valley and West Hollywood.
Because of this, he wants The One Global Center to become an area that brings green space to the region, while at the same time re-elevating local social and cultural roots.
"The One Global Center is located in the middle of residential areas and low-rise buildings, so it is ideal for the concept of a walkable village and green center," said Iwan.
Sydney's Eastern suburbs have become one of the property hotspots in the capital of the state of New South Wales, both for investors and end-users.
Aaron Downie, Founder of Mackenzie Property Group, said that the East, Lower North Shore and Northern Beach areas have the potential to experience above average growth.
The same thing was also expressed by Allen Habbouchi, Head of Project Sales & Distribution at Aussieproperty.com. According to him, there are three top areas on the outskirts of Sydney that are showing a strong growth trend, namely Coogee, Kingsford and Kensington.
This is mainly due to its strategic position within 10 km of the CBD, universities, beaches and infrastructure.
"This is one of the strong reasons why the Sydney suburban area is a hidden gem for property seekers and of course a magnet for property buyers from the Asia Pacific region, especially Indonesia, which is our second largest overseas market," explained Iwan Sunito.
https://www.liputan6.com/bisnis/read/5637390/pengusaha-properti-iwan-sunito-acquisition-mal-mewah-di-australia-seharga-rp-215-miliar?page=4
The acquisition of The Grand Shopping Center is still under contract with completion of the acquisition expected to occur in August 2024.
The Grand Shopping Center is predicted to be able to grow the recurring income asset base for the company. One Global Capital also hopes that there will be another acquisition process that can be carried out in the next few months.
Commissioner and CEO of One Global Capital, Iwan Sunito, revealed that this acquisition will bring the value of One Global Capital's investment assets to more than IDR 10 trillion.
“We are in the early stages of the company's growth phase. Apart from The Grand, One Global Capital is currently in Exclusive Due Diligence to purchase an office building in the city of Sydney for IDR 4.4 trillion for our future projects. "I am very happy with the strategic acquisitions we have made in the last year," he said in a written statement in Jakarta, Monday (8/7/2024).
For this man born in Surabaya who grew up in the forests of Kalimantan, the acquisition of the Grand Shopping Center feels significant, because it is part of a seven-year strategic vision to go public while increasing the company's recurring income and building mixed-use development capacity.
"After the acquisition, this shopping center will change its name from 'The Grand' to 'The One Global Centre'. Our team is immediately working to add tenants, including more convenience stores. "We hope to be able to fill this space within three months after the acquisition is complete," added Iwan Sunito.
For information, the first phase of The Grand Shopping Center opened in July 2021, covering more than 3,000 square meters of retail space and consisting of 16 retail outlets, including larger format ALDI, Metro Wool-worths, and a number of specialty stores such as Pattison Pattiserie , Wholelife Pharmacy, Australia Post and Newsagency, Ausome Nails, Akira Sushi, Hatch Espresso, SP mobile and Val Morgan Retail.
"We plan to add more retailers to this shopping center to make The One Global Center very convenient," he said, adding.
“Apart from that, we will work intensively with the architects to take The Grand to another level. We want The One Global Center to become a new community center in the East. Making Eastlakes great again," he said, smiling.
Furthermore, Iwan Sunito said he was very inspired by the 'Walking Village' and 'Green Concept' on James Street Brisbane in Fortitude Valley and West Hollywood.
Because of this, he wants The One Global Center to become an area that brings green space to the region, while at the same time re-elevating local social and cultural roots.
"The One Global Center is located in the middle of residential areas and low-rise buildings, so it is ideal for the concept of a walkable village and green center," said Iwan.
Sydney's Eastern suburbs have become one of the property hotspots in the capital of the state of New South Wales, both for investors and end-users.
Aaron Downie, Founder of Mackenzie Property Group, said that the East, Lower North Shore and Northern Beach areas have the potential to experience above average growth.
The same thing was also expressed by Allen Habbouchi, Head of Project Sales & Distribution at Aussieproperty.com. According to him, there are three top areas on the outskirts of Sydney that are showing a strong growth trend, namely Coogee, Kingsford and Kensington.
This is mainly due to its strategic position within 10 km of the CBD, universities, beaches and infrastructure.
"This is one of the strong reasons why the Sydney suburban area is a hidden gem for property seekers and of course a magnet for property buyers from the Asia Pacific region, especially Indonesia, which is our second largest overseas market," explained Iwan Sunito.
https://www.liputan6.com/bisnis/read/5637390/pengusaha-properti-iwan-sunito-acquisition-mal-mewah-di-australia-seharga-rp-215-miliar?page=4
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