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#55320 - 02 Jul 07 13:53 GOI/Bakrieland Expands CBD Land Bank
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
From Government of Indonesia

Bakrieland Expands CBD Land Bank

Property developer PT Bakrieland Development said it has bought an additional 8.8 hectares of land in the Rasuna Said business district in South Jakarta, raising its total land ownership in the area to 53.5 hectares, Thomson Financial reported.

Corporate secretary Nuzirman Nurdin said the firm paid Rp9.5 million per sq meter, well below the average market price in the area of Rp10.7 million.

The company is developing a site in Rasuna Said for a cost of about Rp3.5 trillion, which will include an office tower, apartments, a concert hall, a media center and a park.

Nurdin added the company has also purchased 110 hectares of land in Bogor, about 60 km east of Jakarta, raising its total land bank in the area to 210 hectares.
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#55444 - 03 Jul 07 13:53 Re: GOI/Bakrieland Expands CBD Land Bank [Re: KuKuKaChu]
chewwyUK Offline
Pujangga

Registered: 14 Sep 06
Posts: 2392
Loc: Jakarta
oh those honest Bakrie boys know how to make a deal. It would be nice to see this lot get what they deserve wouldn't it!
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Edited by Piss Salon
Edit Reason: taste

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