NWP Property was established in 2015 as a joint venture between Warburg Pincus and PT City Retail Developments Tbk (IDX: NIRO). NWP Property’s New Economy enabled consumer infrastructure platform enables both online commerce via its last-mile logistics facilities and distribution centers, as well as offline commerce via the largest independent network of modern community-based shopping malls in Indonesia. Since inception, NWP Property has grown rapidly to become one of Indonesia’s largest real estate platforms today. The platform has expanded its footprint thirteenfold in six years, from four seed projects to over 50 projects today, covering over one million square meters of gross floor area (“GFA”).
In early 2022, NWP announced the addition of logistics to complement its growing community-mall portfolio of over fifty assets located across Indonesia and formally changed its name from NWP Retail to NWP Property to reflect this platform expansion.
The opportunity to expand into logistics marks a natural evolution for NWP, as the company has always maintained a multi-disciplinary approach to real estate in Indonesia. Over the last couple of years, NWP’s retailer stakeholders have encouraged NWP to assist in providing a solution to meet their growing supply chain challenges, characterized by insufficient supply of modern logistics, high delivery costs, as well as evolving competitive dynamics. In addition to collaborating with national and international retailers and stakeholders, a significant part of NWP Property’s business model also includes partnering with local businesses in the community. By offering localized modern real estate infrastructure solutions, NWP provides opportunities for local residents and micro businesses to flourish and scale in a modern environment either unavailable or inaccessible to them before. At NWP, we embrace the Sustainability opportunity as a core component of our business model.
