City Retail Developments Tbk (NIRO)
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City Retail Developments Tbk Profile
| Real Estate Management & Development Industry | Real Estate Sector | Mr. Soekarman Wiraatmadja Kusnadi CEO | IDX Exchange | ID1000124605 ISIN |
| Indonesia Country | 158 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
PT City Retail Developments Tbk, previously known as PT Nirvana Development Tbk, is a prominent player in the Indonesian real estate sector, focusing on the ownership, development, and operation of shopping malls across the nation. Since its inception in 2003 and subsequent name change in May 2018, the company has expanded its portfolio to include not only shopping malls but also hotels, shophouses, and other commercial properties. The organization is headquartered in South Jakarta, Indonesia, operating as a key subsidiary of PT Mega Inti Perdana Utama. Through its diverse operations in building construction, property rental, and management of shopping malls and hotels, along with its investment ventures, PT City Retail Developments Tbk has established a significant presence in Indonesia's retail and commercial property market.
Products and Services
- Shopping Malls
- Hotels
- Shophouses
- Land Kavling
- Condotel (Condominium Hotel)
- Building Construction and Rental
- Shopping Mall and Hotel Management
- Investment Business
The core business of PT City Retail Developments Tbk revolves around the development and management of shopping malls. These malls serve as central hubs for retail, dining, and entertainment, catering to the diverse needs and preferences of the Indonesian market.
In addition to retail spaces, the company has ventured into the hotel industry, focusing on providing hospitality services that emphasize comfort, accessibility, and exemplary service for both local and international guests.
Understanding the need for versatile commercial spaces, PT City Retail Developments Tbk offers shophouses that combine the utility of retail shops and residential areas, catering to small and medium-sized businesses and entrepreneurs.
Expanding its real estate portfolio, the company also deals in land kavling, providing opportunities for investment and development in strategically located parcels of land across Indonesia.
The company's investment in condotel projects blends the comfort of condominium living with the luxury and convenience of hotel amenities, offering a lucrative investment for buyers and a unique accommodation option for visitors.
With a strong foundation in building construction, PT City Retail Developments Tbk not only develops its projects but also offers construction services and property rental opportunities, adding to its comprehensive suite of real estate services.
By extending its expertise in the management of shopping malls and hotels, the company ensures the operational excellence of its establishments, focusing on creating high-value experiences for customers and guests.
The company's diverse interests also include a robust investment business, focusing on both short-term and long-term investments across various sectors to drive growth and profitability.
