Simon Genting Pte. Ltd. (Singapore)

Simon Genting Pte. Ltd. is a Singapore-incorporated holding and investment vehicle associated with the development and operation of premium outlet retail assets in Southeast Asia, structured as a joint venture platform between Genting Plantations Berhad and Simon (Simon Property Group's Premium Outlets business). The company's business scope is centered on owning or holding interests in outlet mall developments and overseeing the investment architecture through which operating subsidiaries manage day-to-day retail center operations. A flagship asset linked to the platform is Jakarta Premium Outlets in Indonesia, positioned as a large-scale premium outlet retail destination featuring a broad tenant mix of international and local brands and designed as a destination-format shopping center. The platform's geographic reach is anchored in Southeast Asia with Indonesia as a core market for current development, while leveraging Simon's established Premium Outlets brand and operating playbook across multiple countries. Key assets and capabilities comprise the Premium Outlets brand association, development partnerships, real estate project execution, and retail leasing/asset management competencies implemented through local operating subsidiaries. Strategically, the company is positioned to capture growth in aspirational and value-oriented premium retail consumption by developing destination outlets in high-catchment urban corridors, optimizing tenant mix and occupancy, and applying international outlet center standards in design, operations, and marketing to build long-duration retail real estate cashflows.