JAKARTA (Yosefardi) – PT Adhi Persada Property, unit of state construction firm PT Adhi Karya Tbk (ADHI), plans to invest Rp5 trillion in mixed-use high rise building projects.
Ipuk Nimpuno, Adhi Persada’s president director, said the projects will run next year, consisting of Grand Dhika City (Bekasi), Taman Melati Pasteus (Bandung), Taman Melati Dinoyo (Malang), Taman Melati Mulyorejo (Surabaya), Grand Dhika City Surabaya, Grand Dhika Keputih (Surabaya), and Grand Dhika City (Daan Mogot).
The current ongoing projects included Salemba Residence (Jakarta), Grand Taman Melati (Margonda), Grand Dhika City Bekasi Tower Cempaka, Taman Melati Jatinangor, Vila and kondotel Sunset Road Bali, and Pejaten Mansion.
The company targets to book revenues of Rp2.5 trillion by 2017. It allocate capital expenditure (capex) of Rp400-500 billion for this year.