Yishan Capital Partners and Colliers International Launch a Specialized Asset Manager Dedicated to Retail Properties in Indonesia
Yishan Capital Partners and Colliers International announce the launch of Cornerstone Asset Management to unlock investment opportunities in the retail property sector in Indonesia.
With an increasingly wealthy population of 242 million, Indonesia is one of the largest and fastest growing consumer markets worldwide. It benefits from a well-diversified economy underpinned by strong fundamentals, an expanding working-age consuming class and thriving urban centres across the archipelago.
Indonesia is currently the 16th largest global economy and is predicted to become the 7th largest by 2030, according to a McKinsey Global Institute Report published recently.
Cornerstone Asset Management combines in-depth and long-standing understanding of the Indonesian retail industry and property market with a rigorous asset management methodology. It helps investors, property developers and retailers to maximize the economic performance of their shopping centres and other large retail and mixed-use schemes.
John van Oost, Managing Partner at Yishan Capital Partners says: "Our objective is to convert Indonesia’s considerable economic potential into successful investments in the retail property sector. We are genuinely delighted to partner with the team at Colliers International, who shares our culture of research and entrepreneurship. Our competences and track record are complementary and will enable Cornerstone to provide complete property solutions to its customers."
Michael Broomell, Managing Director at Colliers International adds: "As Indonesia has become an increasingly attractive investment destination for foreign investors, the growing need for asset management services has become readily apparent particularly in the retail sector. With the fourth largest population in the world and a "consuming class" projected to more than triple to 135 million by 2030, Indonesia is sure to witness aggressive growth in the retail market and increasing competition among retail property owners. Cornerstone Asset Management has been established to guide owners in making well-informed decisions as they invest in retail properties and seek to maximize the value of those investments in a new and non-transparent market. And Colliers International Indonesia is delighted to join forces with Yishan Capital Partners and draw upon their asset management expertise, experience and investor network throughout Europe and Asia".