PT Courts Retail Indonesia, a subsidiary of Singaporean retailer Courts Asia Ltd., is looking to build 10 to 12 megastores in Indonesia over the next five years.
"We have set a schedule to build 10 to 12 megastores over the next five years, but only three or four of them will be established as "big-boxes". The remaining stores will be in malls," Courts Indonesia CEO Roy Santoso said on Friday.
Courts Indonesia will open its first megastore in Bekasi, West Java, in October. It has invested USD3 million to USD4 million in the construction of a two-story, 12,000-square-meter building that will stand on a 2-hectare plot of land in Kota Harapan Indah. The groundbreaking was conducted in October last year.
(Source: The Jakarta Post)