JAKARTA (Yosefardi) – Property developer PT Pakuwon Jati Tbk (PWON) has in October 10, 2014 signed agreement with EEMF Asian Development BV for buying 67.13% shares of PT Pakuwon Permai for a total value of Rp2.34 trillion.
Pakuwon Prima Lte Ltd, unit of PWON, has issued 7.125% Senior Unsecured Notes (worth US$168 million) due 2019. Pakuwon Prima will issue additional US$32 million Notes.
Pakuwon Prima’s portfolios include Supermall Pakuwon Indah, Pakuwon Trade Center, Condominium Tower (Orchard, Tanglin, Ritz), 5-star hotel Pullman.
PWON booked marketing sales of Rp2 trillion as of September this year, representing 66.6% of this year’s target of Rp3 trillion.