What Mega Manunggal Property does

Mega Manunggal Property (MMP), legally PT Mega Manunggal Property TBK, is an Indonesian logistics and office real estate operator founded in mid-2010 and listed on the Indonesia Stock Exchange under ticker MMLP since 2015. The company develops, owns, and operates high-end logistics warehouse and office properties designed to meet international MNC and 3PL corporate standards, with a portfolio of 13 warehouses totaling approximately 541–546 thousand square meters of net leasable area concentrated in Java Island industrial estates including MM2100, Jababeka, Cikarang, Cileungsi, Halim, Depok, Surabaya, and Gresik. The company also offers build-to-suit development services for facility footprints ranging from 10,000 to 100,000 sqm, customizing location, size, temperature, and configuration to client specifications.

MMP generates revenue primarily through long-term warehouse lease contracts with MNCs, third-party logistics providers, e-commerce platforms, manufacturers, automotive firms, and trading companies, with supplemental income from property management services. Tenant logos disclosed include Unilever, DHL, Lazada, Shopee, Yamaha, Li & Fung, Quantium, Havi, Anteraja, Monotaro, Syngenta, Yokogawa, and Grundfos. Direct enterprise field sales is the primary go-to-market motion; pricing is negotiated per-lease and is not publicly disclosed. Occupancy at managed assets was 96.2% at year-end 2025, and FY2025 revenue was IDR 356 billion against FY2024 revenue of IDR 343 billion per the company's own disclosure.

The operating entity operates exclusively within Indonesia and operates under a corporate affiliation with Astra International, one of Indonesia's largest diversified conglomerates. The technology stack is described as integrated IT infrastructure supporting warehouse management and security operations, with 24/7 monitoring and customer service — there is no public-facing software platform, SDK, or API surface. In 2025, MMP divested its Singapore subsidiary (MMP Warehouse Singapore Pte. Ltd.) to Sustainable Collective Pte. Ltd., signaling a strategic refocus on the domestic Indonesian footprint.

Name

Mega Manunggal Property

Legal name

PT Mega Manunggal Property TBK

Website

https://mmproperty.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Mega Manunggal Property (MMLP) develops, owns, and operates 13 modern logistics warehouses totaling ~546,000 sqm across Java Island industrial estates in Indonesia. The company leases build-to-suit facilities meeting international MNC and 3PL standards to enterprise tenants in FMCG, e-commerce, logistics, and automotive sectors.

Ownership category

akta.pro rank

Product category

Logistics Real Estate

NAICS

General Warehousing and Storage (49311), Warehousing and Storage (4931), Transportation and Warehousing (48-49)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Bulk & Silo Storage (Dry Bulk) (TLALAAAH)

akta.pro secondary industries

Industrial & Logistics Property Management (BPAJAGAC), Bulk & Industrial Storage (Tank, Silo, Drum, IBC) (TLAIACAH)

Keywords

• Logistics property management
• Warehouse leasing services
• Industrial real estate
• Build-to-suit warehouses
• Logistics warehousing solutions

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Warehouse Leasing: Revenue from leasing modern logistics properties and warehouses to MNCs, 3PL companies, and domestic businesses. The company develops, owns, and operates high-end logistics and office properties.
2. Property Management Services: Services related to managing and operating logistics properties for clients

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Mega Manunggal Property develops, owns, and operates a portfolio of 13 high-end logistics warehouse properties across Java Island, Indonesia, with a total net leasable area of approximately 546,000 sqm. The company leases mega-scale warehouses (10,000–100,000 sqm each) to enterprise customers including MNCs, third-party logistics providers, e-commerce platforms, manufacturers, automotive firms, and trading companies, offering customizable build-to-suit development solutions and full property management services that meet international corporate standards.

Product overview

Mega Manunggal Property (MMP) is a warehouse and logistics real estate company offering a portfolio of 13 individual warehouse properties across strategic locations in Java, Indonesia. The company operates on a property portfolio basis rather than a unified software platform. Its core offerings include individual warehouse properties (BLOCK AE, CIBATU, CILEUNGSI, DELTA SILICON III, INTIRUB BUSINESS PARK, JABABEKA, LAZADA, LI & FUNG, MANYAR, OSOWILANGUN, PONDOK UNGU, SELAYAR, and UNILEVER) complemented by build-to-suit development services and comprehensive logistics property management. The 13 warehouses range from 10,000 to 100,000 sqm in size, collectively representing 546 thousand sqm of net leasable area as of 2025, with 96.2% occupancy rate.

Differentiator

Problem solved

Functional benefit

Products and services

• Logistics Warehouse Leasing Portfolio Mega-scale logistics warehouse properties totaling approximately 546,000 sqm of net leasable area across 13 strategic locations on Java Island, Indonesia. Warehouse sizes range from 10,000 to 100,000 sqm and include BLOCK AE, CIBATU, CILEUNGSI, DELTA SILICON III, INTIRUB BUSINESS PARK, JABABEKA, LAZADA, LI & FUNG, MANYAR, OSOWILANGUN, PONDOK UNGU, SELAYAR, and UNILEVER. Facilities meet international MNC and 3PL corporate standards with high floor weight capacity, adequate pillar interval spacing, car berths, dock shelters, and 24/7 security. Leased to enterprise customers including Unilever, Lazada, Shopee, DHL, Yamaha, Li & Fung, and others.
• Build-to-Suit Warehouse Development Customizable warehouse development service providing flexibility in location and facility design according to client specifications, including size (10,000–100,000 sqm), temperature, and other requirements. MMP leverages its track record in acquiring land, developing, and managing logistics properties to deliver tailored build-to-suit solutions to enterprise clients requiring purpose-built logistics facilities.
• Logistics Property Management Services Modern logistics property management and managed services for high-end logistics and office properties meeting international MNC and 3PL standards. Includes ongoing operations, 24/7 security, customer service support, integrated IT infrastructure for secure operations, and productivity-boosting technology across MMP's warehouse portfolio serving enterprise tenants.

Quantifiable outcome

• 96.2% occupancy rate at year end 2025
• +1 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Astra InternationalminorOthersMMP is a member of Astra group, indicating corporate affiliation or shared ownership. Astra International is one of Indonesia's largest diversified conglomerates.

Scale indicators7 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• GLP (Global Logistic Properties): Major global logistics real estate platform with extensive Asia footprint; competes for large MNC and 3PL build-to-suit mandates that MMP also targets in Indonesia.
• CapitaLand Ascendas REIT: Singapore-listed REIT with significant logistics/warehouse exposure across Asia; comparable yield-driven landlord model though more diversified across property types and geographies.
• Mapletree Industrial Trust: Singapore-listed REIT with a large Asia-focused logistics and industrial property portfolio. Comparable business model (logistics real estate landlord) and tenant base, though broader regional exposure rather than Indonesia-specific.

Regional players

• Cipto Junaedy: Indonesian property and construction group active in industrial and logistics developments, competing with MMP in Java's industrial submarkets. Note: listed status uncertain — included as a thematic regional player.

Others

• ESR-REIT: Singapore-listed logistics and industrial REIT; similar yield-driven landlord business model with multi-year leases to 3PL and e-commerce tenants, though Singapore-centric rather than Indonesian.

Direct peers

• Jababeka: Listed Indonesian industrial estate developer whose Jababeka Industrial Estate hosts two MMP warehouses (CIBATU and JABABEKA). Directly comparable as a landlord of industrial/logistics facilities in Java targeting MNC tenants.
• Bekasi Fajar Industrial Estate: Indonesian industrial estate developer focused on the Bekasi corridor, adjacent to MMP's primary warehouse cluster; targets the same MNC manufacturing and logistics tenant base on Java.
• Suryamas Dutamakmur: Indonesian property developer with industrial estate and logistics property exposure in Java, serving a similar MNC and domestic enterprise tenant mix as MMP.
• Puradelta Lestari: Indonesian industrial estate developer (listed on IDX) operating industrial parks at Cikarang, comparable to MMP's Jababeka and Cikarang warehouse locations; both serve MNCs and 3PL tenants requiring modern logistics space in Java.

Emerging players

• Logos Property Group: APAC-focused logistics real estate developer and fund manager expanding across Southeast Asia, including Indonesia. Competes with MMP for build-to-suit mandates from MNCs and 3PLs in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mega Manunggal Property