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View all search resultsPublicly-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
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)
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