JAKARTA (Yosefardi) – Property developer PT Metropolitan Land (Metland) Tbk (MTLA) is seeking foreign partners to develop its mall development project in Metland Cyber City, Tangerang, Banten.
The cooperation would be through establishing a joint venture company and master lease scheme. MTLA is also seeking partners for developing its office park project.
MTLA, through PT Metropolitan Karyadeka Development (MKD), had in May 20, 2015 has entered into a joint venture agreement with Asia’s leading business space solutions provider Ascendas Group (Ascendas).
Ascendas and MKD will hold equal stakes in the joint venture project. MKD is a joint venture company between PT Metropolitan Permata Development, a subsidiary of MTLA, and privately owned business group Karyadeka.
Situated within Metland Cyber City, the 9.7-hectare mixed-use development will comprise a mix of offices, apartments, retail and supporting amenities. The entire development is expected to enhance Metland Cyber City as a premier destination for businesses and a vibrant lifestyle community in the Greater Jakarta region.