PT Bakrieland Development Tbk, Indonesian giant property company will bag cash of US$150 million or IDR1.3 trillion from the sale of 8 hectares land in a prime area, Rasuna Epicentrum, Kuningan.
Bakrieland is likely to dispose the land to PT Agung Podomoro Land Tbk. Agung Podomoro has appointed Deutsche Bank to find required funds to finish the acquisition of the land.
CEO Bakrieland Hiramsyah Sambudhy Thaib was'nt answer when I try to confirm the corporate action.
Bakrieland’s total development area in Kuningan approximately 53.5 hektare with total land bank approximately 21 hektare. This will reaffirm Bakrieland as the biggest super block developer in Jakarta prime bentral business district.
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