JAKARTA (Yosefardi) – Property developer PT Intiland Development Tbk (DILD) allocates Rp1 trillion to fund the acquisition of 800 hectares land area in Jombang and Demak, East Java, to be developed as industry area.
The land clearance is under way while the development is scheduled for third quarter of 2015.
The industry area and office projects in East Java contributed revenue of Rp648.8 billion in the first nine months of 2014, or 50% of total company’s revenue of Rp1.3 trillion.