PROJECTS
2023.12.18
(Tentative name) "The Grand Outlet – Kura Kura Bali" begins construction
Bali's first large-scale luxury outlet mall project
Mitsubishi Estate Co., Ltd. is collaborating with PT Bali Turtle Island Development (BTID), a company developing a mixed-use resort on the Indonesian island of Bali, to develop a luxury outlet mall Tentative name "The Grand Outlet – Kura Kura Bali." The project will cost approximately 14.5 billion yen and will feature a total of approximately 150 stores (approximately 29,000 m2) on a site of approximately 47,000 m2, offering a wide selection of international and local brands. This will be the second large-scale luxury outlet mall in Indonesia, following "The Grand Outlet – East Jakarta," which opened in Jakarta in December 2023, and the first in Bali. Construction is scheduled to begin in 2024, with the mall scheduled to open in spring 2026. Mitsubishi Jisho Design Inc..
[Features of this project]
- The first large-scale luxury mall in Bali
- Conveniently located about 15 minutes by car from the international airport and within 30 minutes of other tourist areas
- A design that emphasizes locality, inspired by traditional Balinese villages
「(仮称)The Grand Outlet –Kura Kura Bali」は、インドネシアの著名な観光地でもあるバリ島、バリ・ングラ・ライ国際空港から車で約15分のスランガン島内の複合型リゾート開発エリア「クラクラ・バリ」内に位置します。同エリアは観光分野での経済特区エリア(KEK)として承認され、マリーナ建設とリゾート開発で、今後30年間に104.4兆ルピア(約950億円)の投資と約10万人の雇用創出が目指されており、今後のバリの新経済圏を担うエリアとして期待が寄せられています。
In this project, Mitsubishi Jisho Design and its subsidiary in Singapore, Mitsubishi Jisho Design Asia, will serve as the design architects, and with the main concept of "A Village for Diverse Communities", various cultures, architecture, and Built with a design based on the essence of harmony woven by nature. As the gateway to Bali, where you can enjoy sophisticated shopping and dining while experiencing diverse and attractive cultures, we will create a space that welcomes many people from all over the world who visit Bali. In addition, by arranging a relaxation and event space that makes the most of the Landscape facing the coastline, we will create a place that brings out the charm of Bali even more, rather than simply adding functions in terms of software.
<Intentions behind the design>
The architecture and Landscape Design were inspired by traditional Balinese gazebos known as "Bales," as well as traditional houses and settlements characterized by courtyards, and are designed to create an experience unique to Bali, using locally sourced igneous rock and brick, as well as recycled materials such as ulin (a broadleaf tree native to the region) sourced from Java.The building layout was carefully considered to match the local wind direction, and water features strategically placed in the wind's path cool the promenade, and the active use of recycled materials makes this an environmentally friendly design.
- PT Bali Turtle Island Development is carrying out a development project of approximately 498 hectares in the same area.
- KEK (Kawasan Ekonomi Khusus): Synonymous with special economic zones in Japan. Currently, 20 locations have already been designated in Indonesia, and by meeting certain conditions, you can receive a tax reduction of approximately 20% to 100% for up to 25 years, as well as an exemption from value-added tax (VAT) on imported raw materials. (Extracted from the Indonesian Investment Coordinating Board website)
- Calculated at 1 rupiah = 0.0091 yen
- Government announcements (January 11, 2023, April 7, 2023)
■ Mitsubishi Estate Group 's outlet mall business in Southeast Asia
In Southeast Asia, led by Indonesia, which boasts the largest population and GDP of any ASEAN country, further growth in personal consumption is expected in the future, and coupled with the entry of new brands and the expansion of new stores, demand for the outlet mall business is on the rise. In 2019, we participated in the luxury outlet mall "Central Village" in Thailand, which opened its second phase area in January 2022, and in December 2023, we opened "The Grand Outlet - East Jakarta" (Karawang Regency, eastern Jakarta), Indonesia's first large-scale luxury outlet mall, a joint venture with Tuan Sing Holdings Limited, a comprehensive developer listed on the Singapore Exchange.
We are also considering new business opportunities in other countries and are continually moving forward with plans to open new stores. By utilizing the outlet development and operation know-how Mitsubishi Estate Group has accumulated in Japan for over 20 years, as well as our track record in overseas businesses, we will capture the expanding consumer demand in Southeast Asia and Oceania and actively promote the outlet mall business as a leading company in the industry.
■ Overview of this project
Data
| Location | Indonesia Bali Province Serangan Island Kura-Kura Bali |
|---|---|
| Planned site | 47,047㎡ (approx. 14,230 tsubo) |
| scale | 3 floors above ground, 1 floor below ground |
| Building usage | Outlet Mall |
| Total floor area | 48,221㎡ (approx. 14,587 tsubo) |
| Rental area | 28,852㎡ (approx. 8,728 tsubo) |
| Number of stores | Approximately 150 stores |
| Total project cost | Approximately 14.5 billion yen |
| Investment ratio | Mitsubishi Estate 50%: BTID 50% |
| Design Architect | Mitsubishi Jisho Mitsubishi Jisho Design Inc. Asia Co., Ltd. |
| schedule | Construction is scheduled to begin in 2024, with opening scheduled for spring 2026 |
■ MAP
■ About our partner PT Bali Turtle Island Development
The master developer of the Kura-Kura Bali (Serangan Island), a mixed-use resort development on the island of Bali, Indonesia. The company is currently planning and promoting various developments on the island, which has a vast area of land of approximately 498 hectares. With sustainability at the heart of its development concept, the company plans to open the United in Diversity Bali Campus (UIDBC), the first incubation facility on the island, in 2022. The company is already collaborating with the Tsinghua Southeast Asia Center (Tsinghua SEA) and the United Nations Sustainable Development Solutions Network for Southeast Asia to provide a variety of programs.
Furthermore, an international school is scheduled to open around the summer of 2024, and there are also plans to develop luxury villas.
| Head Office Location | Bali, Indonesia |
| Business Contents | Integrated development of Kurakura and Bali |
| Contact | Sri Indrastuti Sukroadi Hadiputranto (President Director) |
■ Mitsubishi Estate Group 's major business achievements in Indonesia
Contact for inquiries regarding this matter
三菱地所株式会社 広報部
TEL:03-3287-5200
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