PT Mega Manunggal Property Tbk
IIDX:MMLP248.00
IDR
+4.00
(+1.64%)
PT Mega Manunggal Property Tbk
IDX:MMLP
(Indonesia Stock Exchange)
Recent
price
248.00
P/E
ratio
18.60
div
yld
0.00%
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- PT Mega Manunggal Property Tbk is an Indonesia-based company specializing in the development, ownership, and operation of industrial and logistics properties, primarily warehouses. The company offers built-to-suit logistics facilities leased to single tenants and standard warehouse buildings leased to multiple or single tenants, serving sectors such as e-commerce, FMCG, manufacturing, and third-party logistics. Its portfolio includes strategically located warehouses across Greater Jakarta and Surabaya, with a total net leasable area of approximately 541,000 square meters managed across over 13 warehouse assets and additional landbanks earmarked for future development. Founded in 2010 and headquartered in East Jakarta, the company also provides office space leasing and related consultation and management services. Recently, PT Mega Manunggal Property Tbk underwent a significant ownership change through the acquisition of an 83.67% stake by PT Saka Industrial Arjaya, a subsidiary of PT Astra International Tbk, completed in September 2025. This acquisition aligns with Astra Group’s strategic expansion in the industrial and logistics infrastructure sector, leveraging MMLP’s expertise and portfolio to strengthen Astra's footprint in modern warehouse development and logistics property. Following the acquisition, the company announced a new management team, signaling a strategic shift towards expanding operations and capitalizing on synergies with Astra’s broader logistics and industrial platforms. The acquisition price was approximately IDR 3.3 trillion, and Astra Property has positioned MMLP as a key component to support Indonesia’s growing demand for modern warehouse facilities driven by logistics and e-commerce growth. PT Mega Manunggal Property’s main products and services encompass warehouse development and leasing, including large-scale warehouses ranging from 10,000 to 100,000 square meters, built-to-suit facilities tailored for major clients such as Unilever and Li & Fung, and standard warehouse spaces in business parks such as Intirub Business Park and Selayar. The company operates primarily in Indonesia’s key industrial hubs of Greater Jakarta and East Java. The integration with Astra Property is expected to provide MMLP with enhanced resources for capital recycling, funds management for third-party investors, and accelerated growth through expanded industrial property development under Astra’s strategic guidance. This ownership and management transition represent a major operational and strategic change for PT Mega Manunggal Property Tbk, positioning it for accelerated growth in Indonesia's logistics real estate sector. The company continues to target customers in the logistics, manufacturing, FMCG, and e-commerce sectors, providing critical infrastructure solutions aligned with Indonesia's evolving industrial landscape. Its subsidiaries include PT Intirub, contributing to the company’s assets and service offerings. The combination of MMLP’s established property portfolio and Astra’s expansive industrial and logistics infrastructure network aims to develop a modern, efficient, and sustainable ecosystem for industrial real estate in Indonesia, reflecting a forward-looking strategy in response to the rapid growth in logistics demand across the region. This strategic expansion enhances MMLP’s role as a leading industrial and warehouse property player in Indonesia.