03-04-2017, 02:25 PM
GIC in joint venture to own, develop mixed-use complex in Jakarta
By: Jude Chan
03/04/17, 12:26 pm
SINGAPORE (April 3): Singapore sovereign wealth fund GIC announced Monday that it has formed a joint-venture with Indonesian property developer PT Intiland Development Tbk to own and manage an integrated mixed-use complex in Indonesia.
The South Quarter complex occupies 7.2 hectares in the TB Simatupang corridor in South Jakarta – a popular business hub where many multinational companies are located.
Together with GIC, Intiland will develop South Quarter Phase II, which comprises two condominium towers expected to be launched in the fourth quarter of 2017.
Intiland has already completed South Quarter Phase I, comprising three 20-floor office towers with a building floor area of 123,000 sq m and retail facilities occupying 12,500 sq m.
More details in http://www.theedgemarkets.com.sg/article...ex-jakarta
By: Jude Chan
03/04/17, 12:26 pm
SINGAPORE (April 3): Singapore sovereign wealth fund GIC announced Monday that it has formed a joint-venture with Indonesian property developer PT Intiland Development Tbk to own and manage an integrated mixed-use complex in Indonesia.
The South Quarter complex occupies 7.2 hectares in the TB Simatupang corridor in South Jakarta – a popular business hub where many multinational companies are located.
Together with GIC, Intiland will develop South Quarter Phase II, which comprises two condominium towers expected to be launched in the fourth quarter of 2017.
Intiland has already completed South Quarter Phase I, comprising three 20-floor office towers with a building floor area of 123,000 sq m and retail facilities occupying 12,500 sq m.
More details in http://www.theedgemarkets.com.sg/article...ex-jakarta