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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Summarecon gets Rp 530b loan to build shopping mall

  • The Jakarta Post

| Fri, April 27 2012 | 12:26 pm

PREMIUM PT Makmur Orient Jaya, a subsidiary of property developer Summarecon Group, has secured a Rp 530 billion (US$58 million) loan to build the Summarecon Mal Bekasi shopping center in the Jakarta suburbs.

The eight-year loan from Indonesia’s largest lender, PT Bank Mandiri (BMRI), which includes a two-year grace period, represents 80 percent of the investment in the Summarecon Bekasi subdivis...