TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Sentul City to work with Japan's AEON Mall

Publicly-listed property developer PT Sentul City is set to team up with Japan-based mall developer AEON Mall in the near future to build an AEON Mall in Sentul, West Java

The Jakarta Post
Jakarta
Fri, July 4, 2014 Published on Jul. 4, 2014 Published on 2014-07-04T17:46:16+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

P

ublicly-listed property developer PT Sentul City is set to team up with Japan-based mall developer AEON Mall in the near future to build an AEON Mall in Sentul, West Java.

"We will provide the land and the building while AEON will lease the building," Sentul City vice president director Andrian Budi Utama said in Jakarta on Friday as quoted by kontan.co.id.

He said that the first mall would be built on a 7.8 hectare plot of land with a total investment of Rp 1.2 trillion (US$108 million).

Previously, AEON Mall had announced that it would work with PT Bumi Serpong Damai and PT Modernland Realty on a number of projects.

With Bumi Serpong Damai, the Japanese firm established a joint venture called PT AEON Mall Sinar Mas Land Indonesia while with Modern Realty, AEON bought a plot of land for $45 million.

Adrian said that the cooperation would begin after Idul Fitri. (nfo)

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.