NWP Property to Build Modern Logistic in Indonesia

By Editorial Team 23/03/2022
Kawasan industri
Summary

Property developer Nirvana Wastu Pratama (NWP Property) established a joint venture with CRE Asia and logistics entrepreneur Bonny Setiawan. The joint venture is a modern logistics real estate company that will operate in Indonesia. NWP Property Managing Director Timothy Daly said that warehousing facilities in Indonesia are still lagging behind China and Japan, which have 10-40 times more individual warehouses.

Therefore, his company is building a modern warehouse with the first built-to-suit concept in Jakarta. "The project will start in the second quarter of this year," Daly said on Tuesday. Bonny Setiawan said the decision to invest in the logistics infrastructure market created significant opportunities. Therefore, the company targets e-commerce and fast-moving consumer goods companies.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.