Hankyu Hanshin expands Indonesian retail presence with DeliPark Mall acquisition

Hankyu Hanshin Holdings, through its Indonesian business management subsidiary Hankyu Hanshin Properties Indonesia (HHPI), announced a capital increase for PT DPM ASSETS INDONESIA (DPMAI). This capital injection, totaling 2,564,412 million rupiah, will enable DPMAI to acquire DeliPark Mall, a large-scale commercial facility in Medan, Indonesia, by January 2026. This transaction will classify DPMAI as a specified subsidiary of Hankyu Hanshin Holdings. HHPI will hold a 76.4% stake in DPMAI.

The acquisition aligns with Hankyu Hanshin Holdings' "Expanding Beyond Areas" strategy, leveraging its real estate expertise to grow its stock-type business in ASEAN. This follows previous expansions in Indonesia, including the 2019 investment in the Plaza Indonesia complex and the 2022 and 2023 acquisitions of Central Park Mall and Central Park Mall 2 in West Jakarta. The DeliPark Mall acquisition marks Hankyu Hanshin Properties’ third commercial facility in Indonesia.

DeliPark Mall, a 115,588 ㎡ facility established in 2019, is strategically located in Medan, Sumatra's largest city, within the Podomoro City Deli Medan complex. This includes offices, universities, and residential units, ensuring high traffic. The capital increase resolution and agreement between HHPI and DPMAI were concluded on December 22, 2025, with the capital subscription scheduled for early January 2026.