Sep 27, 2011

Trakindo buys land at Rasuna Epicentrum

Trakindo Group acquired 3 hectares of land at Rasuna Epicentrum, Kuningan Jakarta, worth Rp525 billion. The group will use the land as office building.
President Director Sri Hascaryo at PT Bakrie Swasakti Utama said the land acquisition will be completed by end of July.
Bakrie Swasakti is a subsidiary of Bakrieland that has established a project of superblok Rasuna Epicentrum on 53.5 hectares of land. "Trakindo is preparing a design of office building with 40 floors," he said as quoted by today.
According to him, the land takeover will benefit Bakrieland as the land usage at Rasuna Epicentrum will fasten.

Disclosure: No position at the stock mentioned above.  

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