Warburg Pincus tops up Indonesia real estate investment

                        Real estate platform NWP Retail completes fundraising Korean Teachers’ Credit Union, the CITIC Securities One-Belt-One-Road Fund and Warburg Pincus.

                        A joint venture between Warburg Pincus and City Retail Developments based in Indonesia has raised $200 million to develop multi-tenanted modern shopping malls in major cities across the country.

                        The move underscores the ambition of the joint venture, NWP Retail, to tap into Indonesia’s outsized economic expansion, rise in middle-class consumption and rapid urbanisation.

                        With over 265 million people, Indonesia is the world’s fourth most populous country, but slow internet speeds and a high cost of logistics have hampered growth of e-commerce, meaning that offline retail businesses continue to thrive.

                        Retailers in the fashion and entertainment industry, for example, are expanding rapidly across several...

                        ? Haymarket Media Limited. All rights reserved.

                        FinanceAsia has updated its subscription model.

                        Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

                        To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

                        To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

                        Article limit is reached.

                        Hello! You have used up all of your free articles on FinanceAsia.

                        To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

                        湖北30选5开奖洋情