JAKARTA (Yosefardi) – Property developer PT Intiland Development Tbk (DILD) sets up two units, PT Intiland Alfa Rendita and PT Inti Algoritma Perdana with paid-up capital of Rp30 billion.
This 2 new units focus to provide infrastructure supporting services and better IT network, to support DILD’s high rise highrise peojects urgent to be managed.
DILD has spent Rp800-900 billion capital expenditure (capex) in the first half of this year. It allocates capex of Rp2 trillion for this year, of which external funding covers 60% of total capex.
The company also allocated Rp200 billion for debt payment. New projects in Pinang and West One City is expected to run next year.