Lippo Group, one of the leading property groups in Indonesia, recently broke ground on a mixed-use shopping mall in Kupang, East Nusa Tenggara, in its latest attempt to expand outside Java. Lippo Mall Kupang, which will be built on four hectares, will cost approximately Rp 600 billion ($51 million), according to Lip
Lippo Group, one of the leading property groups in Indonesia, recently broke ground on a mixed-use shopping mall in Kupang, East Nusa Tenggara, in its latest attempt to expand outside Java.
Lippo Mall Kupang, which will be built on four hectares, will cost approximately Rp 600 billion ($51 million), according to Lippo Group president director Theo Sambuaga.
The 40,000 square meter shopping mall will be home to Matahari Department Store, Hypermart and Lippo Group's movie theater chain Cinemaxx.
The Kupang mall is among the Lippo Group's larger plan to tap into the property market in East Nusa Tenggara.
The property conglomerate is currently also building a branch of its private hospital chain Siloam Hospitals near Lippo Mall Kupang, scheduled to open in October this year.
The hospital will span an area of around two hectares and it will have 320 rooms with 250 catering for patients in the lower income groups and the remainder targeted at those in the high income bracket.
Aside from the mall and the hospital, the Jakarta-based property conglomerate will also build a Lippo Group office, on an area of around two hectares, on the site.
Lippo inaugurated the Kupang branch of its hypermarket chain, Hypermart, last year through Matahari Putra Prima — its lifestyle retail unit.
In addition to Kupang, the property conglomerate is currently undertaking several projects in areas outside Java. This includes Padang, West Sumatra, and Makassar, South Sulawesi.